Netflix (NASDAQ:NFLX) Price Target Cut to $1,025.00 by Analysts at JPMorgan Chase & Co.

Netflix (NASDAQ:NFLX - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $1,150.00 to $1,025.00 in a research note released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the Internet television network's stock.

A number of other equities analysts also recently issued reports on the company. Evercore ISI lifted their price target on Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. UBS Group set a $1,000.00 price objective on shares of Netflix in a report on Monday, March 24th. Moffett Nathanson upgraded shares of Netflix from a "neutral" rating to a "buy" rating and increased their target price for the company from $850.00 to $1,100.00 in a report on Monday, March 17th. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, KeyCorp upped their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,017.31.

Netflix Stock Down 0.3 %

Shares of NFLX stock traded down $2.88 on Tuesday, reaching $918.29. 4,069,267 shares of the company were exchanged, compared to its average volume of 3,687,525. Netflix has a one year low of $542.01 and a one year high of $1,064.50. The company has a market cap of $392.80 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.12 and a beta of 1.55. The company has a 50-day moving average of $960.09 and a 200-day moving average of $884.26. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company's quarterly revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Netflix will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 41,121 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 617 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock valued at $267,919,297 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

Institutional Trading of Netflix

Large investors have recently bought and sold shares of the stock. West Michigan Advisors LLC increased its position in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. raised its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC boosted its position in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its position in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares during the last quarter. Hedge funds and other 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.