Netflix (NASDAQ:NFLX) Stock Price Down 0.3% on Insider Selling

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

Specifically, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and raised their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

The stock has a 50 day moving average price of $947.72 and a two-hundred day moving average price of $830.81. The company has a market capitalization of $419.44 billion, a price-to-earnings ratio of 49.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. Park Square Financial Group LLC bought a new position in Netflix in the fourth quarter valued at about $356,000. Total Wealth Planning & Management Inc. acquired a new position in Netflix during the 4th quarter valued at about $222,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Netflix in the 4th quarter valued at about $355,076,000. Brooklyn FI LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $1,070,000. Finally, Brucke Financial Inc. bought a new stake in shares of Netflix during the fourth quarter worth approximately $753,000. Institutional investors own 80.93% of the company’s stock.

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.