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

Mogy Joel R Investment Counsel Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,849 shares of the Internet television network’s stock after buying an additional 189 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Netflix were worth $10,151,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the 3rd quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC boosted its stake in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Carmel Capital Partners LLC boosted its stake in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in Netflix in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup raised their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a research note on Friday, April 19th. Canaccord Genuity Group reissued a “hold” rating and set a $585.00 target price (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Oppenheimer reissued an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. Finally, DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Performance

NFLX traded down $3.57 during trading on Friday, hitting $561.23. The stock had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The firm 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. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $604.54 and a 200-day simple moving average of $519.46.

Netflix (NASDAQ:NFLX) last announced its 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 firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.88 EPS. Analysts expect that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,573 shares of company stock valued at $89,548,241. Insiders own 2.45% of the company’s stock.

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.