Netflix (NASDAQ:NFLX) Stock Price Down 0.3%

Netflix, Inc. (NASDAQ:NFLX)’s share price dropped 0.3% on Tuesday . The company traded as low as $672.70 and last traded at $673.58. Approximately 312,766 shares were traded during trading, a decline of 92% from the average daily volume of 3,770,050 shares. The stock had previously closed at $675.42.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a report on Friday, July 19th. Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. China Renaissance initiated coverage on shares of Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective for the company. Bank of America lifted their target price on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Macquarie restated an “outperform” rating and set a $685.00 price target on shares of Netflix in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Stock Down 0.1 %

The firm has a market cap of $289.64 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.36 and a beta of 1.26. The firm’s fifty day moving average is $659.93 and its 200 day moving average is $635.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

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

Insider Activity

In other news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,831 shares of company stock valued at $102,721,884. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC grew its position in Netflix by 3.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after acquiring an additional 83 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Netflix by 5.9% in the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the last quarter. Aveo Capital Partners LLC boosted its stake in shares of Netflix by 6.9% during the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares in the last quarter. Gryphon Financial Partners LLC boosted its position in Netflix by 20.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock worth $1,933,000 after buying an additional 674 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Netflix by 9.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,160 shares of the Internet television network’s stock worth $1,539,000 after purchasing an additional 271 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.