Netflix (NASDAQ:NFLX) Stock Price Down 1%

Netflix, Inc. (NASDAQ:NFLX) shares traded down 1% during trading on Monday . The company traded as low as $554.24 and last traded at $555.87. 745,397 shares traded hands during trading, a decline of 83% from the average session volume of 4,469,236 shares. The stock had previously closed at $561.23.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Sanford C. Bernstein increased their price target on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and reduced their price objective for the company from $720.00 to $585.00 in a report on Friday, April 19th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Rosenblatt Securities cut their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Robert W. Baird lifted their price objective on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Performance

The firm has a market capitalization of $240.31 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $604.54 and its two-hundred day simple moving average is $521.57.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 EPS. Research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 20,734 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Insiders sold 154,573 shares of company stock worth $89,548,241 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. bought a new position in Netflix in the 1st quarter worth $107,012,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Netflix by 552.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 19,337 shares of the Internet television network’s stock valued at $11,744,000 after purchasing an additional 16,373 shares during the last quarter. Zweig DiMenna Associates LLC bought a new position in shares of Netflix during the 1st quarter valued at about $2,703,000. Vigilare Wealth Management bought a new position in shares of Netflix during the 1st quarter valued at about $203,000. Finally, Signature Wealth Management Partners LLC bought a new position in shares of Netflix during the 1st quarter valued at about $226,000. Institutional investors own 80.93% of the company’s stock.

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.