Netflix (NASDAQ:NFLX) Stock Price Down 0.9% – Here’s What Happened

Netflix, Inc. (NASDAQ:NFLX)’s share price was down 0.9% during trading on Tuesday . The company traded as low as $957.30 and last traded at $963.52. Approximately 1,030,739 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 4,542,917 shares. The stock had previously closed at $971.89.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Pivotal Research increased their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Down 0.0 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm’s 50-day moving average price is $897.63 and its 200 day moving average price is $770.43. The firm has a market capitalization of $415.42 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. Sell-side analysts expect that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the 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 transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock valued at $123,913,691 over the last quarter. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Institutional investors have recently made changes to their positions in the stock. OMC Financial Services LTD increased its position in shares of Netflix by 42.1% in the fourth quarter. OMC Financial Services LTD now owns 2,491 shares of the Internet television network’s stock worth $2,220,000 after acquiring an additional 738 shares in the last quarter. Stiles Financial Services Inc lifted its stake in shares of Netflix by 46.4% during the fourth quarter. Stiles Financial Services Inc now owns 868 shares of the Internet television network’s stock worth $774,000 after purchasing an additional 275 shares in the last quarter. Martin Capital Advisors LLP purchased a new stake in shares of Netflix in the fourth quarter worth about $668,000. LJI Wealth Management LLC grew its stake in shares of Netflix by 1.6% in the fourth quarter. LJI Wealth Management LLC now owns 823 shares of the Internet television network’s stock valued at $734,000 after buying an additional 13 shares in the last quarter. Finally, Legacy Financial Strategies LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $206,000. 80.93% of the stock is 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.