Principal Securities Inc. Buys 1,009 Shares of Netflix, Inc. (NASDAQ:NFLX)

Principal Securities Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,342 shares of the Internet television network’s stock after purchasing an additional 1,009 shares during the quarter. Principal Securities Inc.’s holdings in Netflix were worth $7,435,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Little House Capital LLC grew its holdings in shares of Netflix by 2.3% during the 4th quarter. Little House Capital LLC now owns 2,876 shares of the Internet television network’s stock worth $2,563,000 after purchasing an additional 64 shares in the last quarter. Centerpoint Advisory Group acquired a new stake in Netflix during the fourth quarter worth $431,000. Everhart Financial Group Inc. increased its holdings in Netflix by 4.3% in the 4th quarter. Everhart Financial Group Inc. now owns 3,261 shares of the Internet television network’s stock valued at $2,907,000 after buying an additional 133 shares during the period. Beacon Capital Management LLC raised its stake in shares of Netflix by 6.8% in the 4th quarter. Beacon Capital Management LLC now owns 812 shares of the Internet television network’s stock valued at $724,000 after buying an additional 52 shares in the last quarter. Finally, Next Level Wealth Planning LLC bought a new position in shares of Netflix during the 4th quarter worth about $205,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research note on Thursday, January 23rd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,809 shares of company stock worth $290,374,484. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,058.60 on Friday. The firm has a market capitalization of $452.83 billion, a P/E ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27. The business has a 50-day moving average of $929.40 and a 200-day moving average of $804.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.