Principal Securities Inc. Purchases 572 Shares of Netflix, Inc. (NASDAQ:NFLX)

Principal Securities Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,333 shares of the Internet television network’s stock after purchasing an additional 572 shares during the quarter. Principal Securities Inc.’s holdings in Netflix were worth $5,201,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NFLX. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Netflix in the 1st quarter valued at $230,000. Janney Montgomery Scott LLC boosted its stake in Netflix by 13.9% during the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after acquiring an additional 7,406 shares in the last quarter. Hunter Associates Investment Management LLC bought a new position in Netflix during the first quarter worth $201,000. CNB Bank boosted its stake in Netflix by 7.5% during the first quarter. CNB Bank now owns 1,599 shares of the Internet television network’s stock worth $971,000 after acquiring an additional 111 shares in the last quarter. Finally, Tobam boosted its stake in Netflix by 185.5% during the first quarter. Tobam now owns 5,190 shares of the Internet television network’s stock worth $3,152,000 after acquiring an additional 3,372 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $756.10 on Friday. Netflix, Inc. has a 52-week low of $417.10 and a 52-week high of $773.00. The company has a 50-day simple moving average of $712.96 and a 200 day simple moving average of $664.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $323.20 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Netflix news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,810 shares of company stock worth $142,049,542. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Pivotal Research increased their target price on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Citigroup increased their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Macquarie restated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

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.