Principal Financial Group Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 623,895 shares of the Internet television network’s stock after selling 18,638 shares during the quarter. Principal Financial Group Inc. owned approximately 0.14% of Netflix worth $113,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Netflix by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after buying an additional 789,190 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Netflix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after buying an additional 423,968 shares during the last quarter. FMR LLC boosted its holdings in shares of Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. boosted its holdings in shares of Netflix by 3.6% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock valued at $358,664,000 after buying an additional 84,341 shares during the last quarter. 80.68% of the stock is owned by institutional investors.

Several research firms have recently commented on NFLX. B. Riley reissued a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Loop Capital reissued a “buy” rating and issued a $237.00 price objective on shares of Netflix in a report on Thursday, October 26th. Needham & Company LLC reissued a “neutral” rating on shares of Netflix in a report on Thursday, October 19th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective for the company in a report on Thursday, October 19th. Finally, Wedbush reissued a “hold” rating and issued a $190.00 price objective (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-three have assigned a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus target price of $207.20.

In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total value of $15,507,616.60. Following the completion of the transaction, the chief executive officer now directly owns 93,380 shares in the company, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. In the last three months, insiders sold 342,372 shares of company stock worth $63,255,427. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) opened at $192.02 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1 year low of $110.68 and a 1 year high of $204.38. The firm has a market capitalization of $83,093.01, a price-to-earnings ratio of 193.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.39.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. equities analysts expect that Netflix, Inc. will post 1.28 EPS for the current year.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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