Thurston Springer Miller Herd & Titak Inc. Buys 262 Shares of Netflix, Inc. $NFLX

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Netflix, Inc. by 12.8%, acquiring an additional 262 shares, bringing their total holdings to 2,311 shares valued at $3,095,000.
• Despite a recent sale of shares by insiders including the Director and CFO, insiders own only 1.37% of the company's stock, with a significant decrease in their positions following the transactions.
• Analyst ratings for Netflix show a mix of opinions, with one maintaining a Strong Buy and total ratings reflecting an average of a Moderate Buy and a consensus price target of $1,317.58.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,311 shares of the Internet television network's stock after acquiring an additional 262 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Netflix were worth $3,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the 4th quarter valued at about $27,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the 1st quarter valued at about $37,000. Copia Wealth Management purchased a new stake in shares of Netflix in the 4th quarter valued at about $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Wells Fargo & Company increased their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Wedbush reiterated an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, TD Cowen increased their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Price Performance

NFLX opened at $1,188.44 on Friday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock's 50 day simple moving average is $1,218.15 and its 200 day simple moving average is $1,132.43. The firm has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. The business's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock worth $109,498,489. Insiders own 1.37% of the company's stock.

About Netflix

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.

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