Netflix (NASDAQ:NFLX) Trading Down 0.7% - Should You Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) was down 0.7% during mid-day trading on Tuesday . The stock traded as low as $1,179.02 and last traded at $1,182.86. Approximately 602,143 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 3,748,756 shares. The stock had previously closed at $1,191.64.

Analysts Set New Price Targets

A number of research firms recently commented on NFLX. Robert W. Baird increased their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Macquarie upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Pivotal Research lifted their target price on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,102.79.

Netflix Stock Down 0.4%

The company has a market cap of $504.95 billion, a price-to-earnings ratio of 59.69, a P/E/G ratio of 2.12 and a beta of 1.58. 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 firm has a 50-day moving average price of $1,014.78 and a 200 day moving average price of $951.31.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the company posted $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 over the last quarter. Corporate insiders own 1.76% of the company's stock.

Institutional Trading of Netflix

A number of large investors have recently bought and sold shares of NFLX. Fullcircle Wealth LLC increased its holdings in Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares during the period. Capital Analysts LLC raised its position in shares of Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares in the last quarter. Enterprise Financial Services Corp raised its holdings in shares of Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after acquiring an additional 9 shares in the last quarter. West Michigan Advisors LLC raised its stake in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Finally, Warwick Investment Management Inc. raised its holdings in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

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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