Netflix (NASDAQ:NFLX) Stock Price Down 1%

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) dropped 1% during trading on Monday . The stock traded as low as $554.24 and last traded at $555.87. Approximately 745,397 shares were traded during trading, a decline of 83% from the average daily volume of 4,469,236 shares. The stock had previously closed at $561.23.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. Bank of America upped their price objective on shares of Netflix from $650.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Loop Capital increased their price target on Netflix from $585.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Redburn Atlantic boosted their price objective on Netflix from $550.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, January 24th. Seaport Res Ptn downgraded Netflix from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $525.00 to $550.00 and gave the company a "hold" rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $630.58.

Netflix Stock Down 0.3 %

The stock has a market capitalization of $241.08 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average of $604.54 and a 200 day moving average of $521.57.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS 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 return on equity of 29.62% and a net margin of 18.42%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 EPS. As a group, equities analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, Director Ann Mather sold 3,673 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated 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 in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 over the last three months. Insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its position in shares of Netflix by 28.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,461 shares of the Internet television network's stock worth $5,139,000 after acquiring an additional 1,863 shares during the period. Silicon Valley Capital Partners increased its holdings in Netflix by 83.3% during the 1st quarter. Silicon Valley Capital Partners now owns 220 shares of the Internet television network's stock worth $134,000 after purchasing an additional 100 shares during the period. Onyx Bridge Wealth Group LLC raised its position in Netflix by 4.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 925 shares of the Internet television network's stock valued at $519,000 after purchasing an additional 37 shares in the last quarter. Sierra Capital LLC boosted its stake in shares of Netflix by 375.7% in the 1st quarter. Sierra Capital LLC now owns 2,236 shares of the Internet television network's stock valued at $1,358,000 after buying an additional 1,766 shares during the period. Finally, Heritage Investors Management Corp grew its position in shares of Netflix by 1.8% during the first quarter. Heritage Investors Management Corp now owns 1,435 shares of the Internet television network's stock worth $872,000 after buying an additional 25 shares in the last quarter. Hedge funds and other 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.