Netflix (NASDAQ:NFLX) Trading Down 0.3% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX) fell 0.3% during trading on Thursday following insider selling activity. The company traded as low as $971.25 and last traded at $987.25. 1,179,308 shares traded hands during trading, a decline of 64% from the average session volume of 3,290,523 shares. The stock had previously closed at $990.06.

Specifically, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Needham & Company LLC raised their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

The company has a market capitalization of $419.44 billion, a P/E ratio of 49.45, a PEG ratio of 2.12 and a beta of 1.27. The stock’s fifty day moving average price is $947.72 and its 200-day moving average price is $830.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in the business. West Michigan Advisors LLC raised its position in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. raised its holdings in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC lifted its position in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its position in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds 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.