Netflix, Inc. (NASDAQ:NFLX) has been assigned a $242.00 price objective by equities research analysts at J P Morgan Chase & Co in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the Internet television network’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 19.45% from the company’s previous close.

Several other equities analysts have also issued reports on NFLX. SunTrust Banks, Inc. set a $175.00 price target on Netflix and gave the stock a “hold” rating in a research report on Monday. Robert W. Baird set a $190.00 price target on Netflix and gave the stock a “neutral” rating in a research report on Tuesday. Macquarie set a $200.00 price target on Netflix and gave the stock a “neutral” rating in a research report on Tuesday. Atlantic Securities set a $235.00 price target on Netflix and gave the stock a “buy” rating in a research report on Tuesday. Finally, CIBC reaffirmed an “outperform” rating and issued a $245.00 price target (up previously from $215.00) on shares of Netflix in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $198.50.

Shares of Netflix (NASDAQ NFLX) traded down 1.35% during mid-day trading on Tuesday, hitting $199.95. 13,921,525 shares of the stock traded hands. The company has a market capitalization of $86.33 billion, a PE ratio of 243.25 and a beta of 1.09. The company’s 50-day moving average price is $183.35 and its 200 day moving average price is $165.87. Netflix has a 1-year low of $98.38 and a 1-year high of $204.38.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Equities research analysts forecast that Netflix will post $1.19 EPS for the current fiscal year.

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In related news, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares in the company, valued at $224,433.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,299 shares of company stock valued at $54,712,558. 4.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix in the second quarter valued at approximately $101,000. TD Capital Management LLC purchased a new stake in shares of Netflix in the second quarter valued at approximately $105,000. Appropriate Balance Financial Services Inc. increased its position in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after buying an additional 37 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in shares of Netflix in the first quarter valued at approximately $109,000. Institutional investors own 81.02% 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)

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