Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Netflix (NASDAQ:NFLX - Get Free Report) had its target price increased by equities researchers at JPMorgan Chase & Co. from $1,025.00 to $1,150.00 in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has an "overweight" rating on the Internet television network's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 18.19% from the company's current price.

Several other equities analysts also recently issued reports on the stock. Macquarie lifted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday. Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,066.24.

Netflix Price Performance

Shares of Netflix stock opened at $973.03 on Monday. The firm has a market cap of $416.22 billion, a P/E ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The firm's 50-day simple moving average is $954.87 and its 200-day simple moving average is $894.38. Netflix has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 earnings per share. As a group, research analysts expect that Netflix will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 over the last three months. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during 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 in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC purchased a new position in Netflix in the 4th quarter worth approximately $32,000. Finally, Newton One Investments LLC purchased a new stake in Netflix in the 4th quarter valued at $34,000. Institutional investors and hedge funds 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.

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