Crestwood Advisors Group LLC Buys 203 Shares of Netflix, Inc. (NASDAQ:NFLX)

Crestwood Advisors Group LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,027 shares of the Internet television network’s stock after buying an additional 203 shares during the period. Crestwood Advisors Group LLC’s holdings in Netflix were worth $2,147,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NFLX. Denver PWM LLC bought a new position in shares of Netflix in the second quarter worth about $25,000. Proffitt & Goodson Inc. increased its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC increased its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC bought a new position in shares of Netflix in the second quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Wedbush lifted their target price on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Redburn Atlantic lifted their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Benchmark reissued a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Buying and Selling

In related news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 229,477 shares of company stock worth $160,300,776 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $763.91 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day moving average price of $715.67 and a 200 day moving average price of $667.19. Netflix, Inc. has a fifty-two week low of $429.61 and a fifty-two week high of $773.00. The stock has a market capitalization of $326.54 billion, a PE ratio of 43.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

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.