Strategic Investment Solutions Inc. IL Purchases 105 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strategic Investment Solutions Inc. IL boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 95.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215 shares of the Internet television network’s stock after purchasing an additional 105 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Netflix were worth $192,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NFLX. Principal Financial Group Inc. grew its position in Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock valued at $175,000 after purchasing an additional 30 shares during the last quarter. Advisory Resource Group increased its position in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares in the last quarter. Finally, Virtu Financial LLC increased its position in Netflix by 356.5% during the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock worth $9,844,000 after purchasing an additional 10,839 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. Bank of America boosted 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. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. UBS Group lowered their target price on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $1,150.00 price target on shares of Netflix in a research note on Friday, April 11th. Finally, FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.31.

Netflix Price Performance

NFLX stock opened at $961.63 on Thursday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market capitalization of $411.34 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company’s 50-day moving average is $956.66 and its 200-day moving average is $888.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is owned by company insiders.

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.