Stiles Financial Services Inc Buys 216 Shares of Netflix, Inc. (NASDAQ:NFLX)

Stiles Financial Services Inc grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,084 shares of the Internet television network’s stock after purchasing an additional 216 shares during the period. Stiles Financial Services Inc’s holdings in Netflix were worth $1,011,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NFLX. Brighton Jones LLC boosted its stake in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Netflix during the fourth quarter worth about $12,212,000. Revolve Wealth Partners LLC boosted its stake in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after acquiring an additional 144 shares in the last quarter. Navellier & Associates Inc. bought a new stake in Netflix during the fourth quarter worth about $237,000. Finally, Pinnacle Financial Partners Inc boosted its stake in Netflix by 17.8% during the fourth quarter. Pinnacle Financial Partners Inc now owns 7,427 shares of the Internet television network’s stock worth $6,620,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFLX. Canaccord Genuity Group boosted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Oppenheimer lifted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Jefferies Financial Group lifted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Evercore ISI reaffirmed an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Finally, Cfra Research raised shares of Netflix to a “strong-buy” rating in a report on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,172.73.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. Insiders own 1.37% of the company’s stock.

Netflix Stock Up 0.8%

Shares of NFLX stock opened at $1,231.49 on Monday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock has a market cap of $524.09 billion, a P/E ratio of 58.20, a P/E/G ratio of 2.38 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $1,150.80 and a two-hundred day simple moving average of $1,012.19.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the company earned $8.28 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.