Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,772 shares of the Internet television network’s stock after purchasing an additional 2,187 shares during the period. Netflix accounts for about 1.5% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 21st biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Netflix were worth $24,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter valued at about $27,000. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management acquired a new stake in Netflix in the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Wells Fargo & Company increased their price target on Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. FBN Securities initiated coverage on Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target for the company. Citigroup reiterated a “neutral” rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group raised their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,149.91.

Netflix Trading Up 1.4%

Netflix stock opened at $1,219.88 on Thursday. The company has a market capitalization of $519.15 billion, a price-to-earnings ratio of 61.52, a PEG ratio of 2.12 and a beta of 1.59. The company’s fifty day moving average price is $1,106.59 and its two-hundred day moving average price is $994.50. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted 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. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm earned $8.28 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.