Charles Schwab Investment Management Inc. Purchases 45,865 Shares of Netflix, Inc. (NASDAQ:NFLX)

Charles Schwab Investment Management Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,439,493 shares of the Internet television network’s stock after buying an additional 45,865 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Netflix were worth $1,187,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Northern Financial Advisors Inc lifted its position in shares of Netflix by 1.3% during the 4th quarter. Northern Financial Advisors Inc now owns 4,690 shares of the Internet television network’s stock worth $2,283,000 after buying an additional 60 shares during the period. Petix & Botte Co bought a new position in shares of Netflix during the fourth quarter valued at $238,000. Capital Performance Advisors LLP acquired a new stake in shares of Netflix in the 4th quarter valued at $230,000. Peregrine Asset Advisers Inc. grew its holdings in shares of Netflix by 260.1% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 4,465 shares of the Internet television network’s stock worth $2,174,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Netflix by 36.4% during the 4th quarter. Apollon Wealth Management LLC now owns 14,863 shares of the Internet television network’s stock worth $7,237,000 after purchasing an additional 3,966 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The disclosure for this sale can be found here. Insiders sold 155,298 shares of company stock valued at $89,753,167 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.3 %

NFLX traded up $7.83 during trading on Wednesday, reaching $613.83. The company had a trading volume of 2,014,258 shares, compared to its average volume of 4,391,208. The business’s fifty day moving average price is $602.85 and its 200 day moving average price is $531.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 12 month low of $329.51 and a 12 month high of $639.00. The company has a market cap of $264.54 billion, a P/E ratio of 42.67, a PEG ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 EPS. Equities analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. Sanford C. Bernstein raised their price target on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. Piper Sandler lifted their price objective on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Robert W. Baird increased their target price on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, CICC Research initiated coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $631.15.

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.