Netflix (NASDAQ:NFLX) Stock Price Down 1% – Time to Sell?

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded down 1% on Tuesday . The stock traded as low as $87.25 and last traded at $87.68. 23,611,506 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 45,197,582 shares. The stock had previously closed at $88.60.

Wall Street Analyst Weigh In

Several analysts have commented on NFLX shares. Pivotal Research set a $96.00 price objective on shares of Netflix and gave the company a “hold” rating in a research note on Friday, April 17th. China Renaissance raised their target price on shares of Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Guggenheim reaffirmed a “buy” rating and issued a $120.00 price target on shares of Netflix in a report on Friday, May 15th. Citic Securities increased their price target on Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group reduced their price objective on Netflix from $134.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Price Performance

The stock’s fifty day moving average is $93.76 and its 200-day moving average is $93.90. The stock has a market capitalization of $369.20 billion, a PE ratio of 28.32, a P/E/G ratio of 1.13 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 57,260 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,046,658.50. This trade represents a 43.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,422,769 shares of company stock worth $135,144,073 over the last quarter. Company insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently added to or reduced their stakes in NFLX. Imprint Wealth LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $25,000. Bare Financial Services Inc boosted its holdings in Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after buying an additional 14 shares during the last quarter. Horizon Financial Services LLC increased its stake in Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Netflix during the third quarter valued at approximately $36,000. Finally, Promus Capital LLC acquired a new position in shares of Netflix during the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.