Netflix (NASDAQ:NFLX) Stock Price Down 1.3% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX)’s stock price fell 1.3% during trading on Thursday . The company traded as low as $685.57 and last traded at $692.73. 1,688,707 shares changed hands during trading, a decline of 53% from the average session volume of 3,626,474 shares. The stock had previously closed at $702.00.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. KeyCorp upped their price objective on Netflix from $735.00 to $760.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Oppenheimer lifted their price objective on shares of Netflix from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Barclays restated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research note on Friday, July 19th. Finally, UBS Group raised their price objective on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $705.74.

Netflix Price Performance

The stock’s 50 day moving average price is $692.63 and its 200-day moving average price is $653.38. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $297.05 billion, a PE ratio of 48.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.29 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 225,167 shares of company stock valued at $150,492,460. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Denver PWM LLC bought a new stake in Netflix during the second quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its position in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the last quarter. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. AlphaMark Advisors LLC grew its position in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its stake in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.