Thurston Springer Miller Herd & Titak Inc. Has $1.44 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,616 shares of the Internet television network’s stock after purchasing an additional 453 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Netflix were worth $1,440,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its holdings in shares of Netflix by 11.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock worth $2,795,000 after purchasing an additional 431 shares during the period. One Capital Management LLC increased its stake in Netflix by 11.6% during the second quarter. One Capital Management LLC now owns 2,703 shares of the Internet television network’s stock valued at $1,824,000 after acquiring an additional 280 shares during the period. Citizens Financial Group Inc. RI increased its stake in Netflix by 100.5% during the second quarter. Citizens Financial Group Inc. RI now owns 5,758 shares of the Internet television network’s stock valued at $3,886,000 after acquiring an additional 2,886 shares during the period. WealthPLAN Partners LLC raised its holdings in Netflix by 7.6% in the 2nd quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock valued at $636,000 after acquiring an additional 67 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. bought a new stake in shares of Netflix in the 2nd quarter worth approximately $222,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NFLX shares. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. KeyCorp increased their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Piper Sandler upped their target price on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $950.00 price target (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $846.58.

Netflix Price Performance

Netflix stock opened at $828.40 on Wednesday. The stock has a market cap of $354.11 billion, a price-to-earnings ratio of 46.88, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $881.04 and its 200 day simple moving average is $755.96.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,742 shares of company stock valued at $131,030,268. Company insiders own 1.76% 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.