Arjuna Capital Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Arjuna Capital lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,701 shares of the Internet television network's stock after buying an additional 644 shares during the quarter. Netflix makes up 1.0% of Arjuna Capital's holdings, making the stock its 27th largest holding. Arjuna Capital's holdings in Netflix were worth $3,451,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fullcircle Wealth LLC lifted its stake in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the period. MRP Capital Investments LLC lifted its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC lifted its stake in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the period. Mission Creek Capital Partners Inc. lifted its stake in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the period. Finally, Continuum Wealth Advisors LLC lifted its stake in shares of Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock valued at $223,307,201 over the last quarter. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

Netflix stock opened at $1,245.11 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The firm has a 50 day moving average price of $1,221.70 and a 200 day moving average price of $1,049.85. The company has a market cap of $529.88 billion, a price-to-earnings ratio of 58.84, a PEG ratio of 2.26 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NFLX shares. Rosenblatt Securities raised their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Wedbush restated an "outperform" rating and set a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Citigroup restated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,220.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Friday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,214.52.

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.

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