Commonwealth Equity Services LLC Has $132.14 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Commonwealth Equity Services LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,247 shares of the Internet television network's stock after acquiring an additional 4,902 shares during the period. Commonwealth Equity Services LLC's holdings in Netflix were worth $132,135,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NFLX. Proficio Capital Partners LLC boosted its position in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. State Street Corp boosted its position in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after buying an additional 381,590 shares in the last quarter. Jennison Associates LLC boosted its position in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Netflix in the third quarter valued at about $222,871,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, Chairman Reed Hastings sold 30,485 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $386,876.48. This represents a 98.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on NFLX shares. Bank of America boosted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Wedbush restated an "outperform" rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and boosted their price target for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,014.26.

Netflix Stock Down 3.2 %

Shares of Netflix stock traded down $29.51 on Thursday, hitting $890.17. The company had a trading volume of 4,994,613 shares, compared to its average volume of 3,413,573. The firm has a market capitalization of $380.78 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50-day moving average of $950.30 and a 200-day moving average of $846.09.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during 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 business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.