Netflix (NASDAQ:NFLX) Shares Down 2.7%

Netflix, Inc. (NASDAQ:NFLX) traded down 2.7% on Tuesday . The stock traded as low as $682.35 and last traded at $682.40. 657,244 shares traded hands during trading, a decline of 83% from the average session volume of 3,810,075 shares. The stock had previously closed at $701.35.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Sanford C. Bernstein increased their target price on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Morgan Stanley increased their target price on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. China Renaissance assumed coverage on Netflix in a research report on Thursday. They set a “hold” rating and a $680.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Stock Up 0.6 %

The firm has a 50 day simple moving average of $660.09 and a two-hundred day simple moving average of $632.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $294.64 billion, a P/E ratio of 47.47, a P/E/G ratio of 1.44 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the business earned $3.29 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Leslie J. Kilgore sold 1,372 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,831 shares of company stock valued at $102,721,884. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Netflix in the second quarter worth about $47,894,000. NCP Inc. increased its position in Netflix by 5.4% in the 2nd quarter. NCP Inc. now owns 10,491 shares of the Internet television network’s stock worth $7,080,000 after buying an additional 535 shares during the period. Brown Financial Advisors bought a new position in Netflix in the 2nd quarter worth approximately $1,201,000. Gordian Capital Singapore Pte Ltd increased its position in Netflix by 77.9% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 19,522 shares of the Internet television network’s stock worth $13,175,000 after buying an additional 8,550 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Netflix in the 2nd quarter worth approximately $133,000. 80.93% of the stock is currently 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.