Netflix (NASDAQ:NFLX) Shares Down 0.6% – Time to Sell?

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 0.6% during trading on Friday . The company traded as low as $791.05 and last traded at $791.47. 488,201 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 3,668,948 shares. The stock had previously closed at $796.54.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NFLX shares. Barclays reiterated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Sanford C. Bernstein boosted their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Rosenblatt Securities lifted their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Loop Capital raised their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Stock Down 0.2 %

The business’s 50 day moving average is $717.59 and its 200 day moving average is $667.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $339.80 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock worth $169,954,456 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the period. GQG Partners LLC bought a new position in Netflix during the first quarter worth about $1,450,476,000. Assenagon Asset Management S.A. lifted its stake in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Netflix during the 1st quarter worth approximately $372,293,000. Finally, Swedbank AB acquired a new stake in shares of Netflix in the first quarter valued at approximately $216,538,000. 80.93% of the stock is owned by institutional investors.

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.