Netflix Inc. (NFLX) Stock Rating Reaffirm by the JPMorgan Chase & Co

Josh Kim
December 30, 2016

(NASDAQ:NFLX) from a hold rating to a sell rating in a research note released on Tuesday. (NASDAQ:NFLX) recently. The rating firm gave a Sell rating to this stock in a research note published on Oct 10, 2016.

These analysts also forecasted Growth Estimates for the Current Quarter for NFLX to be 30%.

Netflix, Inc. on 10/17/2016 reported its EPS as $0.12 with the analysts projecting the EPS of the stock as $0.06. Jefferies Group reiterated a "sell" rating on shares of Netflix in a report on Monday, August 29th. The average stock price target is $117.22 with 6 brokerages rating the stock a strong buy, 17 brokerages rating the stock a buy, 15 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 2 brokerages rating the stock a sell. Netflix now has a consensus rating of Hold and a consensus price target of $120.04.

The stock's 50 day moving average is 120.66 and its 200 day moving average is 105.10. The company had Year Ago Sales of 1.82 Billion.

Netflix, Inc. (NASDAQ:NFLX) has the market capitalization of $55.08 Billion. The difference between the expected and actual EPS was $0.06/share, which represents an Earnings surprise of 100%. Return on Equity (ROE) stands at 6.9% and Return on Investment (ROI) of 6.2 percent. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter past year, the company posted $0.07 EPS. Netflix's quarterly revenue was up 31.7% on a year-over-year basis.

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12/21/2016 - Netflix, Inc. had its "buy" rating reiterated by analysts at Loop Capital. If you are viewing this article on another publication, it was illegally copied and republished in violation of United States & global trademark and copyright laws. The correct version of this news story can be viewed at

In other Netflix news, CEO Reed Hastings sold 79,149 shares of the business's stock in a transaction on Thursday, October 20th.

39 Insider Sales transactions were made totaling 991993 shares traded. Following the completion of the transaction, the chief executive officer now owns 87,297 shares of the company's stock, valued at $11,062,275.84. (NASDAQ:NFLX), according to U.S. Securities and Exchange Commission (SEC) filings. Also, Director Timothy M. Haley sold 23,728 shares of the stock in a transaction on Monday, October 31st.

On 12/12/2016 Richard N Barton, Director, sold 1,400 with an average share price of $122.84 per share and the total transaction amounting to $171,976.00. The disclosure for this sale can be found here. Institutional investors and hedge funds own 79.43% of the company's stock.

Large investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its position in shares of Netflix by 1.8% in the second quarter. The company had a trading volume of 2,010,382 shares. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Netflix by 2.0% in the third quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network's stock valued at $140,000 after buying an additional 26 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Netflix by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 141,490 shares of the Internet television network's stock worth $12,944,000 after buying an additional 1,930 shares in the last quarter.

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