Netflix (NASDAQ:NFLX) Trading Down 1%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) was down 1% on Tuesday . The company traded as low as $553.60 and last traded at $553.73. Approximately 627,374 shares were traded during trading, a decline of 86% from the average daily volume of 4,444,788 shares. The stock had previously closed at $559.49.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and issued a $713.00 price target (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Redburn Atlantic boosted their target price on Netflix from $550.00 to $610.00 and gave the company a "buy" rating in a research note on Wednesday, January 24th. StockNews.com raised Netflix from a "hold" rating to a "buy" rating in a research note on Monday, February 26th. The Goldman Sachs Group boosted their target price on Netflix from $500.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Finally, Macquarie boosted their target price on Netflix from $595.00 to $685.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $630.58.

Netflix Stock Performance

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 50-day simple moving average of $603.56 and a 200 day simple moving average of $524.34. The firm has a market cap of $237.27 billion, a PE ratio of 38.21, a PEG ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during 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 business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.88 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company's stock, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Insiders sold 154,573 shares of company stock worth $89,548,241 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp raised its position in Netflix by 22.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,612 shares of the Internet television network's stock valued at $1,364,000 after purchasing an additional 654 shares in the last quarter. Brookstone Capital Management raised its position in Netflix by 34.4% during the 3rd quarter. Brookstone Capital Management now owns 6,514 shares of the Internet television network's stock valued at $2,617,000 after purchasing an additional 1,666 shares in the last quarter. Busey Trust CO bought a new stake in Netflix during the 3rd quarter valued at $201,000. RMR Wealth Builders raised its position in shares of Netflix by 11.7% in the 3rd quarter. RMR Wealth Builders now owns 2,651 shares of the Internet television network's stock worth $1,001,000 after acquiring an additional 278 shares in the last quarter. Finally, TriaGen Wealth Management LLC bought a new position in shares of Netflix in the 3rd quarter worth $703,000. 80.93% of the stock is owned by institutional investors.

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.