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

Crestwood Advisors Group LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,027 shares of the Internet television network’s stock after purchasing an additional 203 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Netflix were worth $2,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Netflix by 2.4% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 2,900 shares of the Internet television network’s stock valued at $2,057,000 after buying an additional 68 shares during the period. Arthur M. Cohen & Associates LLC grew its holdings in shares of Netflix by 1.5% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 12,648 shares of the Internet television network’s stock valued at $8,931,000 after buying an additional 186 shares during the period. Hanlon Investment Management Inc. grew its holdings in shares of Netflix by 11.0% in the 3rd quarter. Hanlon Investment Management Inc. now owns 343 shares of the Internet television network’s stock valued at $243,000 after buying an additional 34 shares during the period. Pittenger & Anderson Inc. grew its holdings in shares of Netflix by 30.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock valued at $1,641,000 after buying an additional 541 shares during the period. Finally, Geneva Partners LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $3,704,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider David A. Hyman sold 13,791 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,477 shares of company stock worth $160,300,776. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $763.91 on Wednesday. The company’s 50 day moving average price is $715.67 and its two-hundred day moving average price is $667.19. Netflix, Inc. has a 12-month low of $429.61 and a 12-month high of $773.00. The firm has a market cap of $326.54 billion, a PE ratio of 43.23, a PEG ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Wolfe Research reissued an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Oppenheimer upped their target price on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, UBS Group upped their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $748.15.

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.