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

Stiles Financial Services Inc boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 82.5% in the third quarter, HoldingsChannel.com reports. The fund owned 593 shares of the Internet television network’s stock after purchasing an additional 268 shares during the period. Stiles Financial Services Inc’s holdings in Netflix were worth $421,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Denver PWM LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. boosted its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix in the second quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $798.51 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a one year low of $434.35 and a one year high of $798.51. The firm has a market capitalization of $341.33 billion, a P/E ratio of 45.08, a PEG ratio of 1.46 and a beta of 1.25. The company’s fifty day moving average is $717.59 and its two-hundred day moving average is $667.98.

Wall Street Analyst Weigh In

NFLX has been the subject of several analyst reports. UBS Group boosted their target price on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Macquarie reaffirmed an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Bank of America raised their price objective on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 242,112 shares of company stock worth $169,954,456 in the last three months. Corporate insiders own 1.76% 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.