Johnson Investment Counsel Inc. Has $4.03 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Johnson Investment Counsel Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,323 shares of the Internet television network's stock after acquiring an additional 910 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Netflix were worth $4,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. West Michigan Advisors LLC grew its stake in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. grew its stake in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC grew its stake 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 valued at $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC grew its stake 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 valued at $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. grew its stake in Netflix by 0.3% during the 4th 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 in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ:NFLX traded up $9.20 during mid-day trading on Friday, hitting $1,231.49. 5,315,825 shares of the company's stock traded hands, compared to its average volume of 3,756,142. The firm has a 50 day moving average of $1,150.80 and a two-hundred day moving average of $1,010.84. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a market capitalization of $524.09 billion, a price-to-earnings ratio of 58.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

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

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. Rosenblatt Securities raised their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Wells Fargo & Company increased their target price on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Pivotal Research increased their target price on Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a report on Friday. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 31,750 shares of the firm'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 completion of the transaction, the director now owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by company insiders.

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.