Commonwealth Equity Services LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,580 shares of the Internet television network’s stock after purchasing an additional 1,954 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Netflix were worth $34,637,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Netflix by 6.1% in the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after buying an additional 1,534,290 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Netflix by 39,296.1% in the second quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock valued at $2,334,000 after buying an additional 926,996 shares during the period. BlackRock Inc. boosted its stake in shares of Netflix by 2.3% in the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after buying an additional 619,795 shares during the period. PointState Capital LP boosted its stake in shares of Netflix by 1,249.4% in the second quarter. PointState Capital LP now owns 504,685 shares of the Internet television network’s stock valued at $197,549,000 after buying an additional 467,285 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Netflix by 32.8% in the second quarter. Janus Henderson Group PLC now owns 1,537,990 shares of the Internet television network’s stock valued at $601,982,000 after buying an additional 380,214 shares during the period. 74.04% of the stock is currently owned by institutional investors.

NFLX has been the subject of several recent research reports. Buckingham Research cut Netflix from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $301.00 to $333.00 in a research note on Monday, July 16th. Credit Suisse Group reiterated a “buy” rating and issued a $500.00 price target on shares of Netflix in a research note on Monday, July 16th. Wells Fargo & Co boosted their price target on Netflix from $370.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $415.00 price target on shares of Netflix in a research note on Tuesday, July 17th. Finally, Stifel Nicolaus upgraded Netflix from a “hold” rating to a “buy” rating and set a $406.00 price target for the company in a research note on Tuesday, July 17th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $378.74.

In other news, Director Richard N. Barton sold 387 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total value of $115,279.56. Following the completion of the transaction, the director now directly owns 7,430 shares in the company, valued at approximately $2,213,248.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $339.53, for a total value of $339,530.00. Following the completion of the sale, the chief financial officer now owns 867 shares of the company’s stock, valued at $294,372.51. The disclosure for this sale can be found here. Insiders sold a total of 335,842 shares of company stock valued at $113,900,463 over the last quarter. 4.29% of the stock is owned by corporate insiders.

Shares of NFLX opened at $303.47 on Friday. Netflix, Inc. has a 52 week low of $178.38 and a 52 week high of $423.21. The firm has a market capitalization of $142.82 billion, a PE ratio of 242.78, a PEG ratio of 4.15 and a beta of 1.18. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company earned $0.29 EPS. Netflix’s revenue was up 34.0% compared to the same quarter last year. As a group, analysts expect that Netflix, Inc. will post 2.63 EPS for the current year.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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