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

Stiles Financial Services Inc increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 82.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593 shares of the Internet television network’s stock after buying an additional 268 shares during the quarter. Stiles Financial Services Inc’s holdings in Netflix were worth $421,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Denver PWM LLC purchased a new position in shares of Netflix in the second quarter worth about $25,000. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position 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 worth $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NASDAQ:NFLX opened at $798.51 on Friday. The stock has a 50 day moving average price of $717.59 and a 200 day moving average price of $667.98. The stock has a market cap of $341.33 billion, a PE ratio of 45.08, a P/E/G ratio of 1.46 and a beta of 1.25. 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NFLX shares. Piper Sandler restated an “overweight” rating and set a $840.00 target price (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Sanford C. Bernstein lifted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Citigroup upped their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Benchmark reaffirmed a “sell” rating and set a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the business’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 this hyperlink. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock valued at $169,954,456 in the last three months. 1.76% of the stock is currently owned by insiders.

Netflix 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.