Koesten Hirschmann & Crabtree INC. Has $665,000 Stock Holdings in Netflix, Inc. $NFLX

Koesten Hirschmann & Crabtree INC. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 900.3% during the 4th quarter, Holdings Channel reports. The firm owned 7,092 shares of the Internet television network’s stock after purchasing an additional 6,383 shares during the quarter. Netflix makes up about 0.3% of Koesten Hirschmann & Crabtree INC.’s investment portfolio, making the stock its 19th biggest position. Koesten Hirschmann & Crabtree INC.’s holdings in Netflix were worth $665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Apriem Advisors lifted its position in Netflix by 0.6% during the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock worth $1,879,000 after buying an additional 9 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Netflix by 10.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after purchasing an additional 9 shares during the period. Brass Tax Wealth Management Inc. lifted its position in Netflix by 3.2% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 9 shares during the period. Pacific Sun Financial Corp increased its stake in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after acquiring an additional 9 shares during the last quarter. Finally, Carl P. Sherr & Co. LLC increased its stake in shares of Netflix by 0.6% in the 3rd quarter. Carl P. Sherr & Co. LLC now owns 1,715 shares of the Internet television network’s stock valued at $2,056,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the transaction, the director directly owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,422,769 shares of company stock valued at $135,144,073. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Piper Sandler reissued an “overweight” rating and set a $115.00 target price (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Wedbush reissued an “outperform” rating and issued a $118.00 target price on shares of Netflix in a research note on Thursday, April 16th. TD Cowen reissued a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. HSBC raised their target price on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Finally, Wells Fargo & Company assumed coverage on Netflix in a report on Monday, March 9th. They set an “equal weight” rating and a $105.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $114.82.

Netflix Stock Down 0.4%

Shares of NASDAQ NFLX opened at $87.35 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The stock has a market capitalization of $367.81 billion, a P/E ratio of 28.21, a PEG ratio of 1.11 and a beta of 1.55. The stock’s fifty day moving average is $93.45 and its 200 day moving average is $93.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. During the same quarter last year, the business earned $6.61 earnings per share. Netflix’s revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.