Netflix (NASDAQ:NFLX) had its target price lowered by JPMorgan Chase & Co. from $450.00 to $425.00 in a research note issued to investors on Thursday morning, The Fly reports. The brokerage currently has an overweight rating on the Internet television network’s stock.

Several other equities analysts have also weighed in on NFLX. Imperial Capital reissued an outperform rating and issued a $78.00 target price (down previously from $83.00) on shares of Spirit Airlines in a research note on Friday, April 26th. Deutsche Bank lowered J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 target price on the stock. in a research note on Wednesday, April 17th. Oppenheimer set a $119.00 target price on American Express and gave the company a buy rating in a research note on Wednesday, April 17th. BMO Capital Markets reissued a buy rating and issued a $50.00 target price on shares of Fortis in a research note on Tuesday, April 16th. Finally, Wedbush set a $30.00 target price on Redfin and gave the company a buy rating in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $390.47.

NASDAQ:NFLX opened at $315.10 on Thursday. Netflix has a 1-year low of $231.23 and a 1-year high of $386.80. The firm has a 50-day moving average of $361.42. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $137.77 billion, a price-to-earnings ratio of 117.57, a price-to-earnings-growth ratio of 3.19 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts expect that Netflix will post 3.28 EPS for the current year.

In related news, Director Ann Mather sold 1,208 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $375.00, for a total transaction of $453,000.00. Following the completion of the transaction, the director now directly owns 357 shares in the company, valued at $133,875. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 57,414 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the transaction, the chief executive officer now owns 57,414 shares of the company’s stock, valued at $20,030,596.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,486 shares of company stock valued at $60,955,416. 4.29% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of NFLX. Clarfeld Financial Advisors LLC bought a new position in Netflix in the fourth quarter valued at approximately $27,000. TCG Advisors LP bought a new position in Netflix in the first quarter valued at approximately $36,000. Joseph P. Lucia & Associates LLC bought a new position in Netflix in the first quarter valued at approximately $44,000. SevenBridge Financial Group LLC grew its stake in Netflix by 66.7% in the second quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock valued at $46,000 after purchasing an additional 50 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Netflix by 182.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 77.02% 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.

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