J P Morgan Chase & Co set a $242.00 price objective on Netflix, Inc. (NASDAQ:NFLX) in a research note released on Tuesday. The firm currently has a buy rating on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. Raymond James Financial, Inc. reiterated an outperform rating and set a $205.00 price target (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Stifel Nicolaus upped their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a buy rating in a report on Thursday, October 12th. Cantor Fitzgerald restated an overweight rating and issued a $190.00 price objective on shares of Netflix in a report on Thursday, July 13th. Vetr upgraded shares of Netflix from a strong sell rating to a sell rating and set a $177.49 price objective for the company in a report on Tuesday, September 19th. Finally, MKM Partners upped their price objective on shares of Netflix from $195.00 to $230.00 and gave the stock a buy rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $205.69.

Netflix (NASDAQ:NFLX) traded down 0.50% during mid-day trading on Tuesday, hitting $194.16. 5,995,568 shares of the company traded hands. The firm has a market capitalization of $83.96 billion, a P/E ratio of 193.97 and a beta of 1.09. The firm has a 50 day moving average of $186.73 and a 200 day moving average of $167.39. Netflix has a one year low of $110.68 and a one year high of $204.38.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company posted $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts expect that Netflix will post $1.25 earnings per share for the current fiscal year.

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In other Netflix news, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total value of $735,516.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,288 shares of company stock worth $55,168,715. 4.90% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Netflix by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares during the period. BlackRock Inc. raised its stake in shares of Netflix by 1.7% during the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after buying an additional 423,968 shares during the period. FMR LLC raised its stake in shares of Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares during the period. State Street Corp raised its stake in shares of Netflix by 2.7% during the 1st quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Netflix by 14.0% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the period. Institutional investors and hedge funds 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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