Arjuna Capital Sells 128 Shares of Netflix, Inc. (NASDAQ:NFLX)

Arjuna Capital trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,057 shares of the Internet television network’s stock after selling 128 shares during the quarter. Arjuna Capital’s holdings in Netflix were worth $2,725,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Generali Investments CEE investicni spolecnost a.s. bought a new position in Netflix in the fourth quarter worth approximately $7,074,000. Banco Santander S.A. lifted its holdings in shares of Netflix by 18.3% in the 4th quarter. Banco Santander S.A. now owns 71,614 shares of the Internet television network’s stock worth $63,831,000 after buying an additional 11,074 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Netflix by 32.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 556,217 shares of the Internet television network’s stock worth $532,142,000 after buying an additional 136,143 shares in the last quarter. Aviance Capital Partners LLC purchased a new position in shares of Netflix during the fourth quarter valued at $222,000. Finally, AMG National Trust Bank increased its stake in shares of Netflix by 1.0% during the fourth quarter. AMG National Trust Bank now owns 2,440 shares of the Internet television network’s stock valued at $2,178,000 after buying an additional 23 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In other Netflix news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $891.11 on Friday. The company has a 50 day simple moving average of $950.26 and a two-hundred day simple moving average of $840.53. The stock has a market cap of $381.18 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.