Netflix (NASDAQ:NFLX) Shares Down 1.2%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) traded down 1.2% during trading on Wednesday . The company traded as low as $641.18 and last traded at $642.60. 598,565 shares were traded during trading, a decline of 86% from the average session volume of 4,255,499 shares. The stock had previously closed at $650.61.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Pivotal Research increased their price target on shares of Netflix from $765.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Loop Capital raised their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Rosenblatt Securities raised their target price on shares of Netflix from $540.00 to $554.00 and gave the stock a "neutral" rating in a report on Friday, May 17th. StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a report on Monday, February 26th. Finally, Citigroup raised their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a "neutral" rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $630.53.

Netflix Trading Down 1.6 %

The stock has a fifty day moving average of $605.71 and a 200 day moving average of $546.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $276.04 billion, a PE ratio of 44.37, a PEG ratio of 1.55 and a beta of 1.23.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts' expectations 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 firm earned $2.88 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,821 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $3,492,600.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company's stock, valued at approximately $7,854,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,039 shares of company stock worth $46,401,083. Company insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix during the 3rd quarter worth $26,000. Valued Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC lifted its stake in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network's stock worth $30,000 after purchasing an additional 56 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its stake 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 purchasing an additional 62 shares during the last quarter. 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.