Netflix, Inc. (NASDAQ:NFLX - Get Free Report) fell 1.3% during mid-day trading on Thursday following insider selling activity. The company traded as low as $1,182.13 and last traded at $1,193.40. 1,279,732 shares were traded during mid-day trading, a decline of 66% from the average session volume of 3,741,604 shares. The stock had previously closed at $1,208.55.
Specifically, CAO Jeffrey William Karbowski sold 640 shares of Netflix stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Wall Street Analyst Weigh In
A number of research firms recently commented on NFLX. Canaccord Genuity Group lifted their price target on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Rosenblatt Securities boosted their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,102.79.
Get Our Latest Stock Report on Netflix
Netflix Trading Down 1.7%
The firm has a market capitalization of $505.74 billion, a price-to-earnings ratio of 60.13, 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's 50-day simple moving average is $1,050.92 and its 200 day simple moving average is $969.04.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the business earned $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the fourth quarter worth $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter worth $32,000. Finally, Newton One Investments LLC bought a new stake in shares of Netflix in the fourth quarter worth $34,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Company Profile
(
Get Free Report)
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.
Further Reading
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