Netflix (NASDAQ:NFLX) Shares Down 0.6% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX)’s share price traded down 0.6% during mid-day trading on Friday . The company traded as low as $880.12 and last traded at $881.57. 675,013 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,441,472 shares. The stock had previously closed at $886.73.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. KeyCorp increased their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group increased their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Piper Sandler restated an “overweight” rating and set a $840.00 price objective (up previously from $800.00) on shares of Netflix 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 data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $813.00.

Netflix Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day simple moving average of $864.05 and a 200-day simple moving average of $744.71. The firm has a market cap of $380.43 billion, a P/E ratio of 50.37, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during 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%. On average, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 114,893 shares of company stock worth $93,859,830 in the last quarter. Insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter worth $25,000. Denver PWM LLC purchased a new stake in Netflix in the 2nd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter valued at about $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix during the third quarter worth about $38,000. Institutional investors own 80.93% of the company’s stock.

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.