Mogy Joel R Investment Counsel Inc. Acquires 2,187 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mogy Joel R Investment Counsel Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,772 shares of the Internet television network’s stock after acquiring an additional 2,187 shares during the period. Netflix accounts for about 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter valued at about $27,000. Pathway Financial Advisers LLC increased its position in shares of 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 buying an additional 14 shares in the last quarter. Transce3nd LLC bought a new position in shares of Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management bought a new position in Netflix in the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 over the last quarter. Corporate insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $1,219.88 on Thursday. The firm has a market cap of $519.15 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company’s fifty day simple moving average is $1,106.59 and its two-hundred day simple moving average is $994.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm posted $8.28 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NFLX shares. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, April 21st. 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 report on Friday, April 18th. FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective on the stock. Pivotal Research upped their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,149.91.

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.