Netflix (NASDAQ:NFLX) Stock Price Down 0.9% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX)’s share price traded down 0.9% during trading on Thursday . The company traded as low as $926.00 and last traded at $928.18. 626,499 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 3,620,303 shares. The stock had previously closed at $936.56.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Canaccord Genuity Group upped their target price on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Wedbush reiterated an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Finally, KeyCorp lifted their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $787.85.

Netflix Stock Performance

The company has a 50-day moving average of $814.02 and a 200-day moving average of $719.34. The company has a market cap of $392.78 billion, a PE ratio of 52.00, a PEG ratio of 1.80 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,405 shares of company stock valued at $129,623,487. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in Netflix by 116,620.0% during 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 purchasing an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Netflix by 154.7% during 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 buying an additional 642,920 shares during the last quarter. State Street Corp grew its stake in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Jennison Associates LLC increased its holdings in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Netflix in the 3rd quarter valued at about $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.