Stiles Financial Services Inc Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Stiles Financial Services Inc raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 46.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 868 shares of the Internet television network’s stock after buying an additional 275 shares during the quarter. Stiles Financial Services Inc’s holdings in Netflix were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC bought a new position in shares of Netflix in the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in Netflix during the third quarter valued at approximately $38,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.2 %

NASDAQ:NFLX opened at $1,013.93 on Monday. The company has a market cap of $433.72 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,027.76. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $917.36 and a 200-day simple moving average of $791.20.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 298,870 shares of company stock worth $285,287,314. Company insiders own 1.76% of the company’s stock.

About Netflix

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.