Netflix (NASDAQ:NFLX) Price Target Lowered to $124.00 at JPMorgan Chase & Co.

Netflix (NASDAQ:NFLX) had its target price reduced by JPMorgan Chase & Co. from $127.50 to $124.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the Internet television network’s stock.

NFLX has been the topic of several other research reports. Erste Group Bank cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Friday, October 31st. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a report on Friday, October 31st. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Rosenblatt Securities increased their price target on Netflix from $151.50 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.93.

Netflix Price Performance

Shares of NFLX opened at $114.09 on Tuesday. The firm has a market cap of $48.34 billion, a PE ratio of 4.77, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. Netflix has a 52-week low of $82.11 and a 52-week high of $134.12. The business’s 50 day moving average price is $116.87 and its two-hundred day moving average price is $120.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, beating the consensus estimate of $0.69 by $5.18. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities analysts anticipate that Netflix will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 6,950 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $109.38, for a total transaction of $760,177.10. Following the sale, the chief financial officer owned 36,810 shares of the company’s stock, valued at approximately $4,026,204.18. This represents a 15.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 314,620 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $109.98, for a total transaction of $34,603,166.08. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $34,765,942.40. This represents a 49.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,529,960 shares of company stock valued at $175,427,521. 1.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Netflix in the second quarter worth $7,929,645,000. Laurel Wealth Advisors LLC boosted its position in Netflix by 128,553.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock valued at $6,536,466,000 after buying an additional 4,877,335 shares during the period. Nuveen LLC bought a new stake in Netflix in the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC increased its position in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.