Thurston Springer Miller Herd & Titak Inc. Has $1.91 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 26.8% during the first quarter, Holdings Channel.com reports. The fund owned 2,049 shares of the Internet television network’s stock after purchasing an additional 433 shares during the period. 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 have also recently bought and sold shares of the business. Capital & Planning LLC acquired a new position in Netflix in the fourth quarter valued at about $809,000. Brighton Jones LLC increased its stake in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $12,212,000. Revolve Wealth Partners LLC raised its position in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. Finally, Boston Trust Walden Corp bought a new position in Netflix during the 4th quarter worth approximately $813,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital reissued a “hold” rating on shares of Netflix in a research report on Monday, March 24th. Pivotal Research boosted their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, April 21st. Jefferies Financial Group raised their price objective on Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Guggenheim reissued a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,149.91.

Netflix Stock Up 1.8%

NFLX stock opened at $1,239.66 on Thursday. The company has a market cap of $527.56 billion, a price-to-earnings ratio of 62.51, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,244.10. The business has a 50 day moving average price of $1,075.18 and a two-hundred day moving average price of $982.47. 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 (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the business earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the transaction, the director now directly owns 394 shares of the company’s stock, valued at $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Insiders sold a total of 152,300 shares of company stock valued at $169,146,939 in the last quarter. Company insiders own 1.37% of the company’s stock.

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.