Netflix (NASDAQ:NFLX) Shares Down 1.6%

Netflix, Inc. (NASDAQ:NFLX) traded down 1.6% on Friday . The company traded as low as $553.19 and last traded at $555.73. 1,612,819 shares were traded during trading, a decline of 64% from the average session volume of 4,480,249 shares. The stock had previously closed at $564.80.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Evercore ISI boosted their target price on Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Bank of America boosted their target price on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, UBS Group boosted their target price on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. The stock’s 50-day moving average is $604.54 and its 200 day moving average is $520.48. The firm has a market cap of $241.83 billion, a P/E ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the company earned $2.88 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 in the last quarter. Corporate insiders own 2.45% of the company’s stock.

Hedge Funds Weigh In On Netflix

A number of large investors have recently modified their holdings of the business. Capital World Investors boosted its stake in shares of Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after buying an additional 78,320 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares during the last quarter. Norges Bank acquired a new position in shares of Netflix during the 4th quarter worth about $2,558,598,000. Northern Trust Corp boosted its stake in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after buying an additional 78,298 shares during the last quarter. 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.