Netflix (NASDAQ:NFLX) Shares Down 0.5% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX) shares traded down 0.5% during trading on Wednesday . The stock traded as low as $697.82 and last traded at $702.50. 442,712 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 3,625,906 shares. The stock had previously closed at $705.98.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Rosenblatt Securities increased their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday. Morgan Stanley lifted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday. Finally, China Renaissance started coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $739.38.

Netflix Stock Performance

The stock’s 50-day moving average is $693.78 and its 200 day moving average is $653.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $329.24 billion, a P/E ratio of 53.02, a PEG ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter last year, the firm posted $3.29 earnings per share. Netflix’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Large investors have recently bought and sold shares of the company. Denver PWM LLC acquired a new position in Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Proffitt & Goodson Inc. boosted its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO increased its position in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Company Profile

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.