Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday, The Fly reports. They presently have a $410.00 price target on the Internet television network’s stock, down from their prior price target of $425.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.81% from the company’s current price.

A number of other research firms have also commented on NFLX. Raymond James reaffirmed a “buy” rating and issued a $415.00 price target on shares of Netflix in a report on Wednesday, January 15th. KeyCorp reaffirmed a “hold” rating on shares of Netflix in a report on Monday, December 2nd. Robert W. Baird cut their price target on Netflix from $370.00 to $300.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Guggenheim cut their price target on Netflix from $420.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Morgan Stanley cut their price target on Netflix from $450.00 to $400.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $379.58.

NASDAQ NFLX traded up $1.40 on Wednesday, hitting $351.00. 13,972,014 shares of the stock traded hands, compared to its average volume of 5,878,778. The business’s fifty day moving average is $325.01 and its two-hundred day moving average is $306.73. Netflix has a 12 month low of $252.28 and a 12 month high of $385.99. The firm has a market capitalization of $153.84 billion, a price-to-earnings ratio of 84.99, a PEG ratio of 1.98 and a beta of 1.28. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.73 and a current ratio of 0.90.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.78. Netflix had a return on equity of 28.45% and a net margin of 9.26%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the prior year, the company earned $0.30 earnings per share. Netflix’s revenue was up 30.6% compared to the same quarter last year. Analysts expect that Netflix will post 5.5 EPS for the current fiscal year.

In related news, CEO Reed Hastings sold 83,692 shares of Netflix stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $336.61, for a total transaction of $28,171,564.12. Following the completion of the sale, the chief executive officer now owns 83,692 shares of the company’s stock, valued at $28,171,564.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.29% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Man Group plc raised its position in Netflix by 9.0% during the second quarter. Man Group plc now owns 21,907 shares of the Internet television network’s stock valued at $8,046,000 after purchasing an additional 1,815 shares in the last quarter. Andra AP fonden raised its position in Netflix by 28.2% during the second quarter. Andra AP fonden now owns 9,100 shares of the Internet television network’s stock valued at $3,343,000 after purchasing an additional 2,000 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in Netflix by 57.2% during the second quarter. Peapack Gladstone Financial Corp now owns 2,705 shares of the Internet television network’s stock valued at $994,000 after purchasing an additional 984 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in Netflix during the second quarter valued at about $76,000. Finally, River & Mercantile Asset Management LLP purchased a new stake in Netflix during the second quarter valued at about $7,809,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Recommended Story: Pattern Day Trader

The Fly

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.