Principle Wealth Partners LLC Acquires 34,623 Shares of Netflix, Inc. $NFLX

Key Points

• Principle Wealth Partners LLC increased its Netflix stake by 900.5% in the fourth quarter, buying 34,623 additional shares and bringing its total holdings to 38,468 shares worth about $3.6 million.
• Institutional interest in Netflix remains strong overall, with several major investors also sharply boosting positions and institutions now owning 80.93% of the company.
• Netflix recently beat earnings expectations, reporting $1.23 EPS on $12.25 billion in revenue, while analysts maintain a Moderate Buy consensus with an average price target of $114.82.

Principle Wealth Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 900.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,468 shares of the Internet television network's stock after purchasing an additional 34,623 shares during the period. Principle Wealth Partners LLC's holdings in Netflix were worth $3,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after acquiring an additional 351,493,659 shares during the last quarter. Baillie Gifford & Co. grew its position in Netflix by 912.3% during the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after acquiring an additional 33,290,988 shares during the last quarter. Jennison Associates LLC grew its position in Netflix by 639.9% during the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after acquiring an additional 30,158,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Netflix by 891.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after acquiring an additional 10,879,276 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Netflix by 850.7% during the 4th quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network's stock worth $1,018,062,000 after acquiring an additional 9,716,017 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. Seaport Research Partners boosted their price objective on Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Barclays set a $110.00 price objective on Netflix and gave the stock an "equal weight" rating in a research report on Friday, April 17th. Piper Sandler restated an "overweight" rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Needham & Company LLC restated a "buy" rating on shares of Netflix in a research report on Friday, April 17th. Finally, Erste Group Bank lowered Netflix from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Netflix Stock Down 0.8%

Shares of NFLX opened at $88.60 on Friday. The company has a market capitalization of $373.08 billion, a PE ratio of 28.62, a PEG ratio of 1.13 and a beta of 1.55. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The stock's 50-day moving average price is $93.88 and its two-hundred day moving average price is $94.06. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s ad-supported tier has surpassed 250 million monthly viewers, reinforcing the company’s advertising growth story and supporting the bull case for future revenue expansion. Netflix ad-supported tier tops 250M monthly viewers as sports push deepens
• Positive Sentiment: Netflix is deepening its partnership with iHeartMedia by streaming “The Breakfast Club” live daily, a sign it is pushing further into live and podcast-style programming that could broaden engagement and ad inventory. iHeartMedia and Netflix Deepen Partnership with Daily Live Video Stream of The Breakfast Club
• Positive Sentiment: CNBC highlighted Netflix as a “final trade,” suggesting some short-term trading interest from market watchers. IBM, ServiceNow, Netflix And A Basic Materials Stock: CNBC's 'Final Trades'
• Neutral Sentiment: BetterInvesting questioned whether Netflix is fairly valued after its recent report, which keeps the stock in “show-me” territory even after strong earnings and revenue growth. BetterInvesting™ Magazine Update on Netflix NASDAQ: NFLX and ExlService Holdings Inc. NASDAQ: EXLS
• Neutral Sentiment: Analyst commentary noted Netflix as a possible suitor if IMAX is sold, but this is speculative and not a confirmed deal driver. IMAX Potential Suitors Include Netflix, Apple, Wedbush Says
• Negative Sentiment: Canada’s new streaming rules would require Netflix to contribute a larger share of domestic revenue to Canadian content, raising compliance costs for the business. Canada Raises Streaming Content Requirement to 15% for Netflix, Disney, Amazon
• Negative Sentiment: Separate reporting also flagged higher costs from the same Canadian policy change, adding a modest regulatory headwind for Netflix and other streamers. Netflix, Spotify to face higher costs as CRTC changes rules

Insider Activity

In other Netflix news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the transaction, the director directly owned 3,940 shares of the company's stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,422,769 shares of company stock worth $135,144,073. 1.24% of the stock is owned by corporate insiders.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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