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

Mogy Joel R Investment Counsel Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,772 shares of the Internet television network's stock after buying an additional 2,187 shares during the period. Netflix comprises 1.5% of Mogy Joel R Investment Counsel Inc.'s investment portfolio, making the stock its 21st biggest position. Mogy Joel R Investment Counsel Inc.'s holdings in Netflix were worth $24,033,000 at the end of the most recent quarter.

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

Netflix Stock Performance

Netflix stock traded down $2.88 during trading hours on Friday, reaching $1,212.15. 2,209,188 shares of the stock were exchanged, compared to its average volume of 3,761,170. The stock has a market cap of $515.86 billion, a P/E ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The firm's 50 day moving average is $1,120.37 and its 200 day moving average is $1,000.96.

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. The company 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 quarter in the prior year, the firm earned $8.28 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NFLX. FBN Securities began coverage on shares of Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Pivotal Research boosted their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Wells Fargo & Company boosted their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

About Netflix

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.