Mogy Joel R Investment Counsel Inc. Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Mogy Joel R Investment Counsel Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,849 shares of the Internet television network’s stock after buying an additional 189 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Netflix were worth $10,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NFLX. Spirit of America Management Corp NY purchased a new stake in Netflix during the 3rd quarter worth about $113,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Netflix by 8.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,180 shares of the Internet television network’s stock worth $446,000 after buying an additional 91 shares during the last quarter. Zullo Investment Group Inc. lifted its holdings in Netflix by 1.5% during the 3rd quarter. Zullo Investment Group Inc. now owns 2,706 shares of the Internet television network’s stock worth $1,022,000 after buying an additional 40 shares during the last quarter. MCF Advisors LLC lifted its holdings in Netflix by 10.2% during the 3rd quarter. MCF Advisors LLC now owns 323 shares of the Internet television network’s stock worth $122,000 after buying an additional 30 shares during the last quarter. Finally, Slow Capital Inc. lifted its holdings in shares of Netflix by 0.5% in the 3rd quarter. Slow Capital Inc. now owns 30,514 shares of the Internet television network’s stock valued at $11,522,000 after purchasing an additional 164 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 20,734 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock valued at $89,548,241 in the last quarter. 2.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Redburn Atlantic boosted their target price on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Morgan Stanley boosted their target price on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Bank of America boosted their target price on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $630.58.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $3.57 during trading on Friday, hitting $561.23. 4,332,593 shares of the stock were exchanged, compared to its average volume of 4,190,527. The company has a fifty day moving average price of $604.54 and a two-hundred day moving average price of $519.46. The company has a market cap of $241.83 billion, a PE ratio of 38.95, a P/E/G ratio of 1.38 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.88 EPS. On average, analysts forecast that Netflix, Inc. will post 18.13 EPS for the current year.

Netflix Company 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.