JPMorgan Chase Reiterates “$328.00” Price Target for Netflix (NFLX)

Netflix (NASDAQ:NFLX) has been given a $328.00 price objective by stock analysts at JPMorgan Chase in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the Internet television network’s stock. JPMorgan Chase’s price target points to a potential upside of 8.01% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. UBS set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a report on Tuesday, December 19th. Vetr cut shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $212.23 price objective on the stock. in a report on Monday, December 18th. Loop Capital upped their price objective on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Piper Jaffray restated a “buy” rating and issued a $240.00 price objective on shares of Netflix in a report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $265.71.

Shares of NFLX opened at $303.67 on Tuesday. The stock has a market capitalization of $125,814.66, a price-to-earnings ratio of 242.94, a price-to-earnings-growth ratio of 3.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a fifty-two week low of $138.66 and a fifty-two week high of $333.98.



Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. equities analysts predict that Netflix will post 2.73 earnings per share for the current year.

In other news, insider Jonathan Friedland sold 995 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $219.92, for a total transaction of $218,820.40. Following the sale, the insider now directly owns 1,016 shares in the company, valued at approximately $223,438.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $263.00, for a total transaction of $92,050.00. Following the sale, the director now owns 7,332 shares in the company, valued at $1,928,316. The disclosure for this sale can be found here. Insiders have sold a total of 448,129 shares of company stock worth $121,091,506 over the last 90 days. Insiders own 4.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in NFLX. SG Americas Securities LLC raised its position in shares of Netflix by 103.9% during the 4th quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock valued at $4,881,000 after purchasing an additional 675,267 shares during the period. Tybourne Capital Management HK Ltd. raised its position in shares of Netflix by 43.4% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock valued at $321,187,000 after purchasing an additional 506,700 shares during the period. Truepoint Inc. raised its position in shares of Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after purchasing an additional 400,197 shares during the period. Wells Fargo & Company MN raised its position in shares of Netflix by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after purchasing an additional 354,801 shares during the period. Finally, Technology Crossover Management VIII Ltd. raised its position in shares of Netflix by 40.5% during the 4th quarter. Technology Crossover Management VIII Ltd. now owns 900,000 shares of the Internet television network’s stock valued at $172,764,000 after purchasing an additional 259,566 shares during the period. Hedge funds and other institutional investors own 81.64% of the company’s stock.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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