Arizona State Retirement System Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Arizona State Retirement System lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,205 shares of the Internet television network's stock after purchasing an additional 508 shares during the quarter. Netflix comprises about 0.7% of Arizona State Retirement System's investment portfolio, making the stock its 20th biggest position. Arizona State Retirement System's holdings in Netflix were worth $116,757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fullcircle Wealth LLC raised its position in shares of Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares during the last quarter. MRP Capital Investments LLC raised its holdings in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 10 shares during the last quarter. Mission Creek Capital Partners Inc. lifted its position in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 shares during the period. Finally, Continuum Wealth Advisors LLC boosted its stake in shares of Netflix by 4.4% in the 1st 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 last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director directly owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 26,977 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director directly owned 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their position. 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

Shares of NASDAQ NFLX traded down $5.48 during trading hours on Friday, reaching $1,245.11. 3,948,915 shares of the stock traded hands, compared to its average volume of 3,766,443. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company's 50-day simple moving average is $1,221.70 and its two-hundred day simple moving average is $1,049.04. The company has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a price-to-earnings-growth ratio of 2.27 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the company earned $8.28 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Jefferies Financial Group upped their target price on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Guggenheim reissued a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. JPMorgan Chase & Co. raised their price objective 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. Finally, Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target 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.