Netflix (NASDAQ:NFLX) Shares Down 1.1% - Time to Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price dropped 1.1% during trading on Monday . The stock traded as low as $1,276.02 and last traded at $1,282.48. Approximately 803,214 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,754,514 shares. The stock had previously closed at $1,297.18.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Bank of America boosted their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Stock Down 1.1%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm's 50 day simple moving average is $1,214.45 and its 200-day simple moving average is $1,042.85. The stock has a market capitalization of $542.73 billion, a price-to-earnings ratio of 60.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the company earned $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director owned 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 in the last ninety days. Company insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth about $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter worth about $32,000. Copia Wealth Management acquired a new position in Netflix during the 4th quarter worth about $37,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Netflix in the first quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.