Netflix (NASDAQ:NFLX) PT Raised to $650.00 at JPMorgan Chase & Co.

Netflix (NASDAQ:NFLX) had its price target upped by analysts at JPMorgan Chase & Co. from $610.00 to $650.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the Internet television network’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 5.14% from the company’s current price.

NFLX has been the subject of a number of other reports. Sanford C. Bernstein raised their price objective on Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Redburn Atlantic raised their target price on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. The Goldman Sachs Group raised their price objective on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Guggenheim upped their target price on Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $592.42.

Netflix Stock Down 1.6 %

NASDAQ:NFLX opened at $618.20 on Monday. Netflix has a twelve month low of $315.62 and a twelve month high of $639.00. The firm has a market capitalization of $267.53 billion, a price-to-earnings ratio of 51.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $598.03 and its two-hundred day moving average price is $502.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Equities research analysts expect that Netflix will post 17.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the sale, the director now owns 431,034 shares in the company, valued at approximately $237,284,217. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 47,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the transaction, the director now directly owns 431,034 shares of the company’s stock, valued at approximately $237,284,217. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock worth $151,619,811 over the last quarter. Corporate insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 36,438,570 shares of the Internet television network’s stock worth $17,741,211,000 after purchasing an additional 178,286 shares during the period. State Street Corp increased its stake in Netflix by 0.4% in the first quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock valued at $5,595,196,000 after purchasing an additional 62,507 shares in the last quarter. Capital World Investors raised its holdings in shares of Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares during the period. Morgan Stanley boosted its position in shares of Netflix by 11.1% during the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock worth $1,906,005,000 after purchasing an additional 644,162 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.