Netflix (NASDAQ:NFLX) Shares Down 0% Following Insider Selling

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) dropped 0% on Tuesday after an insider sold shares in the company. The company traded as low as $1,095.48 and last traded at $1,110.18. Approximately 1,240,353 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 3,699,307 shares. The stock had previously closed at $1,110.38.

Specifically, CAO Jeffrey William Karbowski sold 640 shares of Netflix stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $1,097.04, for a total value of $702,105.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Stock Performance

The stock's 50 day simple moving average is $961.86 and its two-hundred day simple moving average is $911.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $480.30 billion, a P/E ratio of 56.85, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm earned $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Fullcircle Wealth LLC raised its stake in Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after purchasing an additional 9 shares in the last quarter. West Michigan Advisors LLC grew its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. increased its holdings in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its holdings in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC lifted its position in shares of Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is currently 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.