Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating restated by analysts at JPMorgan Chase in a research report issued to clients and investors on Tuesday. They presently have a $385.00 target price on the Internet television network’s stock. JPMorgan Chase’s price target points to a potential upside of 14.56% from the stock’s current price.

A number of other research analysts also recently weighed in on NFLX. Vetr downgraded Netflix from a “strong-buy” rating to a “buy” rating and set a $212.23 price target on the stock. in a research note on Monday, December 18th. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research note on Tuesday, December 19th. Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and increased their price target for the company from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Loop Capital increased their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group set a $224.00 price target on Netflix and gave the company a “neutral” rating in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $293.44.

How to Become a New Pot Stock Millionaire

NASDAQ:NFLX opened at $336.06 on Tuesday. Netflix has a 52-week low of $138.66 and a 52-week high of $338.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $133,560.64, a price-to-earnings ratio of 268.85, a PEG ratio of 4.21 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a return on equity of 20.08% and a net margin of 5.26%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. analysts expect that Netflix will post 2.74 earnings per share for the current year.

In other Netflix news, insider Gregory K. Peters sold 9,618 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $325.00, for a total transaction of $3,125,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $283.39, for a total value of $198,373.00. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,095,102.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 442,200 shares of company stock valued at $119,779,880. Corporate insiders own 4.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. James Hambro & Partners bought a new position in Netflix during the 4th quarter worth about $106,000. Wagner Wealth Management LLC bought a new position in Netflix during the 4th quarter worth about $125,000. Duncker Streett & Co. Inc. increased its holdings in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares in the last quarter. Crewe Advisors LLC bought a new position in Netflix during the 4th quarter worth about $149,000. Finally, Goodman Financial Corp bought a new position in shares of Netflix in the 4th quarter valued at about $163,000. Hedge funds and other institutional investors own 81.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2018/04/17/jpmorgan-chase-reiterates-385-00-price-target-for-netflix-nflx.html.

About Netflix

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)

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