Netflix’s (NFLX) Buy Rating Reiterated at JPMorgan Chase
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.
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.
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.
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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.
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