Netflix (NASDAQ:NFLX) Earns Neutral Rating from JPMorgan Chase & Co.

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Monday, Marketbeat Ratings reports. They currently have a $1,220.00 price objective on the Internet television network’s stock, up from their prior price objective of $1,150.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 2.35% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Morgan Stanley increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Guggenheim reissued a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, KeyCorp boosted their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,102.79.

Netflix Stock Up 0.0%

Shares of NASDAQ NFLX opened at $1,192.02 on Monday. The business has a 50-day moving average of $1,020.82 and a two-hundred day moving average of $952.98. The company has a market capitalization of $507.29 billion, a price-to-earnings ratio of 60.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix has a 1 year low of $587.04 and a 1 year high of $1,196.50. 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 quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the business earned $8.28 EPS. On average, analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,868 shares of company stock worth $138,483,256. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Hedge funds have recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter worth about $27,000. Transce3nd LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $32,000. Finally, Newton One Investments LLC bought a new position in Netflix during the fourth quarter valued at approximately $34,000. Institutional investors own 80.93% of the company’s stock.

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.