Netflix, Inc. (NASDAQ:NFLX – Get Free Report) fell 0% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $1,010.00 to $1,000.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Netflix traded as low as $829.14 and last traded at $837.51. 899,204 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 2,757,333 shares. The stock had previously closed at $837.69.
A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group increased their price objective on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Oppenheimer increased their price objective on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Canaccord Genuity Group lifted their target price on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Morgan Stanley increased their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Guggenheim increased their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $841.27.
Insider Transactions at Netflix
Institutional Investors Weigh In On Netflix
A number of institutional investors have recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new stake in Netflix in the third quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors.
Netflix Stock Performance
The firm has a market capitalization of $354.11 billion, a P/E ratio of 46.88, a P/E/G ratio of 1.77 and a beta of 1.27. The stock has a fifty day simple moving average of $881.04 and a two-hundred day simple moving average of $755.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.
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.
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