Netflix (NASDAQ:NFLX) Shares Down 0.6%

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded down 0.6% during trading on Thursday . The stock traded as low as $635.60 and last traded at $636.88. 494,467 shares were traded during mid-day trading, a decline of 88% from the average session volume of 4,235,047 shares. The stock had previously closed at $640.47.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a report on Thursday, January 25th. UBS Group raised their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Monday. Loop Capital raised their price objective on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Bank of America lifted their price target on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $630.53.

Netflix Price Performance

The company’s 50 day moving average price is $606.33 and its 200-day moving average price is $546.83. The company has a market capitalization of $272.67 billion, a PE ratio of 43.78, a PEG ratio of 1.41 and a beta of 1.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,039 shares of company stock worth $46,401,083. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently modified their holdings of the business. Atria Investments Inc grew its position in shares of Netflix by 7.1% during the 1st quarter. Atria Investments Inc now owns 54,682 shares of the Internet television network’s stock valued at $33,210,000 after buying an additional 3,646 shares during the last quarter. Swedbank AB bought a new stake in shares of Netflix during the 1st quarter valued at about $216,538,000. LRI Investments LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $53,000. Virtu Financial LLC grew its position in shares of Netflix by 591.3% during the 1st quarter. Virtu Financial LLC now owns 20,919 shares of the Internet television network’s stock valued at $12,704,000 after buying an additional 17,893 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of Netflix by 26.3% during the 1st quarter. Citizens Financial Group Inc. RI now owns 2,872 shares of the Internet television network’s stock valued at $1,744,000 after buying an additional 598 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.