Netflix (NASDAQ:NFLX) Trading Down 0.7% – Here’s Why

Netflix, Inc. (NASDAQ:NFLX) traded down 0.7% during trading on Tuesday . The stock traded as low as $869.11 and last traded at $875.42. 760,117 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 2,326,388 shares. The stock had previously closed at $881.79.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NFLX shares. Loop Capital cut shares of Netflix from a “buy” rating to a “hold” rating and raised their target price for the company from $800.00 to $950.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Guggenheim upped their target price on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. TD Cowen lifted their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Oppenheimer upped their price objective on Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $824.30.

Netflix Stock Down 0.5 %

The company has a market capitalization of $374.03 billion, a P/E ratio of 49.52, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $874.05 and a 200 day moving average price of $750.65.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter valued at about $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix in the 3rd quarter worth about $38,000. Finally, First Personal Financial Services bought a new position in Netflix in the 3rd quarter valued at about $40,000. 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.