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

Netflix, Inc. (NASDAQ:NFLX) fell 0.6% on Wednesday . The company traded as low as $754.02 and last traded at $759.83. 773,178 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 3,716,819 shares. The stock had previously closed at $764.24.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Rosenblatt Securities increased their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Benchmark reissued a “sell” rating and set a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. Redburn Atlantic raised their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, UBS Group boosted their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $322.66 billion, a PE ratio of 52.73, a P/E/G ratio of 1.49 and a beta of 1.26. The stock’s 50-day simple moving average is $701.48 and its 200-day simple moving average is $657.11.

Insider Activity

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock worth $153,905,830 in the last quarter. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nicholson Wealth Management Group LLC bought a new stake in shares of Netflix in the third quarter worth $319,000. Mainstay Capital Management LLC ADV boosted its position in shares of Netflix by 8.1% in the third quarter. Mainstay Capital Management LLC ADV now owns 1,207 shares of the Internet television network’s stock worth $856,000 after purchasing an additional 90 shares during the period. Spirit of America Management Corp NY increased its stake in Netflix by 10.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 1,100 shares of the Internet television network’s stock worth $780,000 after buying an additional 100 shares in the last quarter. Dakota Wealth Management raised its stake in Netflix by 15.6% during the 3rd quarter. Dakota Wealth Management now owns 43,357 shares of the Internet television network’s stock valued at $30,752,000 after purchasing an additional 5,852 shares during the period. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Netflix in the third quarter worth $2,391,000. 80.93% of the stock is owned by institutional investors.

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.