Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,579,404 shares of the Internet television network's stock after acquiring an additional 29,726 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.60% of Netflix worth $1,829,494,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NFLX. New World Advisors LLC boosted its holdings in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network's stock worth $514,000 after buying an additional 14 shares in the last quarter. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network's stock valued at $1,195,000 after acquiring an additional 15 shares during the period. Cedrus LLC lifted its position in shares of Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network's stock valued at $1,263,000 after acquiring an additional 15 shares during the period. Capstone Triton Financial Group LLC boosted its stake in shares of Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network's stock worth $1,717,000 after acquiring an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC grew its holdings in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network's stock worth $406,000 after acquiring an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 43,750 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the transaction, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. The trade was a 31.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the transaction, the chairman now directly owns 85 shares of the company's stock, valued at $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NFLX. Canaccord Genuity Group lifted their price objective on Netflix from $750.00 to $760.00 and gave the stock a "hold" rating in a report on Friday, October 18th. Needham & Company LLC boosted their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. China Renaissance started coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a "hold" rating and a $680.00 price objective on the stock. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Pivotal Research upped their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday. Two 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 company. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $764.82.

Netflix Trading Up 1.4 %

NFLX traded up $12.20 during trading on Thursday, hitting $896.05. 3,718,821 shares of the company's stock were exchanged, compared to its average volume of 3,667,581. The stock has a 50 day moving average price of $751.39 and a 200 day moving average price of $688.25. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $383.03 billion, a P/E ratio of 50.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.