Thurston Springer Miller Herd & Titak Inc. Buys 433 Shares of Netflix, Inc. (NASDAQ:NFLX)

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,049 shares of the Internet television network's stock after purchasing an additional 433 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Netflix were worth $1,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Vanguard Group Inc. raised its position in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC raised its holdings in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC raised its holdings in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after acquiring an additional 175,596 shares during the period. GAMMA Investing LLC lifted its position in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Netflix during the fourth quarter worth approximately $5,019,087,000. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Insiders have sold a total of 153,390 shares of company stock worth $170,509,439 over the last quarter. Company insiders own 1.37% of the company's stock.

Netflix Trading Down 0.7%

Shares of NASDAQ:NFLX traded down $9.05 during mid-day trading on Friday, reaching $1,241.47. 2,554,452 shares of the company's stock were exchanged, compared to its average volume of 3,744,913. 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 twelve month low of $587.04 and a twelve month high of $1,262.81. The firm has a market capitalization of $528.33 billion, a price-to-earnings ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59. The business's fifty day moving average price is $1,081.54 and its 200-day moving average price is $985.25.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NFLX shares. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Moffett Nathanson reaffirmed a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.