Netflix (NASDAQ:NFLX) Trading Down 3.5% - Time to Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) dropped 3.5% during mid-day trading on Tuesday . The company traded as low as $1,310.65 and last traded at $1,291.95. Approximately 1,145,464 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 3,737,117 shares. The stock had previously closed at $1,339.13.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. UBS Group boosted their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird increased their price objective on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company boosted their target price on Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Finally, Rosenblatt Securities upped their target price on Netflix from $1,494.00 to $1,514.00 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,182.58.

Netflix Trading Up 0.8%

The business's 50 day moving average price is $1,204.00 and its 200-day moving average price is $1,034.00. The company has a market cap of $551.21 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 2.48 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the business posted $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 1,090 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Reed Hastings sold 9,673 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the transaction, the director owned 394 shares in the company, valued at approximately $523,669.34. This trade represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock worth $223,307,201 over the last quarter. Corporate insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fullcircle Wealth LLC raised its position 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 during the last quarter. Capital Analysts LLC increased its position in 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 purchasing an additional 9 shares during the period. Enterprise Financial Services Corp raised its holdings in Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after purchasing an additional 9 shares during the last quarter. Warwick Investment Management Inc. raised its holdings in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. Finally, MRP Capital Investments LLC lifted its position 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 valued at $938,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds 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.