Charles Schwab Investment Management Inc. Purchases 88,988 Shares of Netflix, Inc. (NASDAQ:NFLX)

Charles Schwab Investment Management Inc. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,668,392 shares of the Internet television network’s stock after purchasing an additional 88,988 shares during the period. Charles Schwab Investment Management Inc. owned about 0.62% of Netflix worth $2,378,391,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Swedbank AB grew its position in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Clear Creek Financial Management LLC grew its position in Netflix by 2.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 759 shares of the Internet television network’s stock worth $538,000 after purchasing an additional 17 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Netflix by 29.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,243 shares of the Internet television network’s stock worth $4,428,000 after purchasing an additional 1,405 shares in the last quarter. Van ECK Associates Corp grew its position in Netflix by 8.4% in the 3rd quarter. Van ECK Associates Corp now owns 80,364 shares of the Internet television network’s stock worth $60,216,000 after purchasing an additional 6,215 shares in the last quarter. Finally, Blue Square Asset Management LLC grew its position in Netflix by 2.8% in the 3rd quarter. Blue Square Asset Management LLC now owns 3,267 shares of the Internet television network’s stock worth $2,317,000 after purchasing an additional 90 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold 255,017 shares of company stock valued at $246,653,898 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $973.70 on Tuesday. The firm has a market cap of $416.51 billion, a P/E ratio of 49.10, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $948.96 and its 200 day moving average is $835.48. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced 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 business 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 firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.11 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Oppenheimer boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America boosted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten research 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. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.