Netflix (NASDAQ:NFLX) Stock Price Down 1.1%

Netflix, Inc. (NASDAQ:NFLX) dropped 1.1% during mid-day trading on Thursday . The company traded as low as $601.59 and last traded at $606.82. Approximately 1,411,850 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,511,907 shares. The stock had previously closed at $613.53.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NFLX. TD Cowen increased their price target on Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and raised their target price for the company from $410.00 to $595.00 in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price target on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Barclays increased their target price on shares of Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Citigroup raised their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.18.

Netflix Price Performance

The company has a 50-day moving average of $581.81 and a 200-day moving average of $487.70. The stock has a market cap of $262.83 billion, a price-to-earnings ratio of 50.53, a PEG ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 17.01 earnings per share for the current year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The disclosure for this sale can be found here. Insiders sold a total of 273,767 shares of company stock valued at $151,298,232 in the last ninety days. Corporate insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. VitalStone Financial LLC raised its holdings in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares in the last quarter. Aspect Partners LLC bought a new position in Netflix during the 4th quarter valued at about $32,000. Scarborough Advisors LLC bought a new position in Netflix in the fourth quarter valued at about $32,000. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter valued at about $25,000. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the period. 80.93% of the stock is currently owned by institutional investors.

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.