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

Thurston Springer Miller Herd & Titak Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 39.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,616 shares of the Internet television network’s stock after buying an additional 453 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Netflix were worth $1,440,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Advisory Resource Group increased its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC lifted its stake in Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after purchasing an additional 12 shares during the last quarter. Sunflower Bank N.A. boosted its holdings in shares of Netflix by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares in the last quarter. New World Advisors LLC increased its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Finally, Heartland Bank & Trust Co increased its stake in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Loop Capital cut shares of Netflix from a “buy” rating to a “hold” rating and upped their price objective for the stock from $800.00 to $950.00 in a research report on Monday, December 16th. Bank of America increased their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein raised their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $846.58.

Netflix Trading Down 1.4 %

NFLX opened at $828.40 on Wednesday. The company has a fifty day moving average price of $881.04 and a two-hundred day moving average price of $755.96. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75. The company has a market cap of $354.11 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during 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%. Analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. This represents a 24.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is owned by corporate insiders.

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.