Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday.

A number of other equities research analysts have also issued reports on the company. Wedbush increased their target price on Netflix from $68.00 to $73.00 and gave the company an “underperform” rating in a research note on Tuesday, April 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $138.98 target price for the company in a research note on Monday, April 17th. Pivotal Research increased their target price on Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. William Blair reiterated an “outperform” rating and issued a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Netflix in a research note on Monday, April 17th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $174.74.

Netflix (NASDAQ NFLX) traded down 2.26% during trading on Wednesday, reaching $174.33. The company’s stock had a trading volume of 4,851,297 shares. The company has a market capitalization of $75.27 billion, a P/E ratio of 212.08 and a beta of 1.02. Netflix has a 1-year low of $92.95 and a 1-year high of $191.50. The company’s 50-day moving average is $165.67 and its 200-day moving average is $152.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Equities analysts anticipate that Netflix will post $1.17 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/09/netflixs-nasdaqnflx-buy-rating-reaffirmed-at-j-p-morgan-chase-co.html.

In other news, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now directly owns 19,943 shares in the company, valued at $3,276,435.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the transaction, the chief executive officer now owns 115,577 shares in the company, valued at $17,640,517.51. The disclosure for this sale can be found here. Insiders sold 388,801 shares of company stock valued at $64,673,171 in the last ninety days. Insiders own 4.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its position in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the last quarter. FMR LLC raised its position in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares during the last quarter. Vanguard Group Inc. raised its position in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Tybourne Capital Management HK Ltd. raised its position in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after buying an additional 590,966 shares during the last quarter. Finally, Morgan Stanley raised its position in Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock worth $452,541,000 after buying an additional 571,126 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.