Netflix (NASDAQ:NFLX) Stock Price Down 1.6%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price was down 1.6% during trading on Friday . The company traded as low as $553.19 and last traded at $555.73. Approximately 1,612,819 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 4,480,249 shares. The stock had previously closed at $564.80.

Analysts Set New Price Targets

A number of equities research analysts have commented on NFLX shares. Pivotal Research lifted their target price on Netflix from $765.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Macquarie boosted their price objective on Netflix from $595.00 to $685.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. Jefferies Financial Group boosted their price objective on Netflix from $580.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, March 12th. Redburn Atlantic boosted their price objective on Netflix from $550.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, January 24th. Finally, UBS Group boosted their price objective on Netflix from $570.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $630.58.

Netflix Trading Down 0.6 %

The company has a 50 day simple moving average of $604.99 and a 200 day simple moving average of $518.24. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $241.83 billion, a PE ratio of 38.86, a P/E/G ratio of 1.36 and a beta of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.88 EPS. Analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company's stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company's stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold 154,573 shares of company stock valued at $89,548,241 in the last three months. 2.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new position in Netflix during the third quarter worth $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix in the third quarter valued at $26,000. Carmel Capital Partners LLC grew its position in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network's stock valued at $30,000 after purchasing an additional 58 shares during the period. VitalStone Financial LLC grew its position in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network's stock valued at $30,000 after purchasing an additional 56 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network's stock valued at $32,000 after purchasing an additional 62 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

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.

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