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

Stiles Financial Services Inc raised its position in Netflix, Inc. (NASDAQ:NFLX) by 46.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 acquiring an additional 42 shares during the period. Newton One Investments LLC bought a new stake in Netflix during the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the third quarter worth $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter worth $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.2 %

NASDAQ NFLX opened at $1,013.93 on Monday. The firm has a market capitalization of $433.72 billion, a PE ratio of 51.13, a P/E/G ratio of 2.11 and a beta of 1.27. The stock’s 50 day moving average is $917.36 and its 200 day moving average is $791.20. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,027.76. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,870 shares of company stock worth $285,287,314. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on NFLX shares. Wedbush reiterated an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Macquarie increased their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Oppenheimer boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.