Netflix (NASDAQ:NFLX) Price Target Lowered to $85.00 at JPMorgan Chase & Co.

Netflix (NASDAQ:NFLX) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $118.00 to $85.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the Internet television network’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.50% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Barclays dropped their price target on shares of Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday. Sanford C. Bernstein set a $95.00 target price on Netflix and gave the company an “outperform” rating in a research report on Friday. Citic Securities raised their price target on Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company set a $80.00 price objective on Netflix and gave the company an “equal weight” rating in a report on Friday. Finally, TD Cowen decreased their target price on Netflix from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.97.

Netflix Trading Down 6.7%

Shares of Netflix stock traded down $4.96 during trading hours on Friday, hitting $69.39. The company’s stock had a trading volume of 98,428,541 shares, compared to its average volume of 45,549,328. The stock has a market cap of $292.19 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 0.94 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix has a twelve month low of $65.08 and a twelve month high of $126.71. The firm has a fifty day moving average of $80.52 and a 200-day moving average of $87.03.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. Research analysts forecast that Netflix will post 3.6 EPS for the current year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at $366,932.20. The trade was a 99.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 899,839 shares of company stock worth $80,141,661 over the last three months. Company insiders own 1.24% of the company’s stock.

Institutional Trading of Netflix

A number of large investors have recently made changes to their positions in the company. First Financial Corp IN grew its holdings in Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its position in shares of Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. lifted its position in shares of Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 268 shares during the last quarter. Imprint Wealth LLC acquired a new position in shares of Netflix during the third quarter worth $25,000. Finally, Cornerstone Financial Management LLC purchased a new position in Netflix in the fourth quarter valued at $26,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Negative Sentiment: Netflix beat EPS but missed revenue expectations and issued Q3 guidance below Wall Street forecasts, disappointing investors looking for stronger near-term growth.
• Negative Sentiment: Management signaled slowing revenue growth and a modest full-year outlook, reinforcing worries that the company’s growth story is cooling.
• Negative Sentiment: Netflix said it will reduce how often it reports viewing-hours data, which investors interpreted as less transparency around subscriber engagement trends.
• Neutral Sentiment: Several analysts cut price targets after the report, but many still maintained buy or hold ratings, suggesting the long-term thesis is intact for some on Wall Street.
• Positive Sentiment: The company continued to post solid profitability, with EPS ahead of estimates and revenue still growing double digits year over year.
• Positive Sentiment: Netflix highlighted longer-term growth initiatives including ads, AI-driven efficiencies, live programming, creator content, and potential new formats to expand monetization.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.