Crestmont Private Wealth LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Crestmont Private Wealth LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 215 shares of the Internet television network's stock, valued at approximately $200,000.

Other hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC bought a new position in shares of Netflix during the 4th quarter valued at about $34,000. Finally, Pineridge Advisors LLC grew its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,027 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the transaction, the chief executive officer now owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,300 shares of company stock valued at $169,146,939 in the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $21.72 during mid-day trading on Wednesday, reaching $1,239.66. 2,353,706 shares of the company's stock were exchanged, compared to its average volume of 3,746,178. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $527.56 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,242.58. The business's fifty day simple moving average is $1,069.06 and its two-hundred day simple moving average is $980.69.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the business earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on NFLX. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Bank of America boosted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. FBN Securities started coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $1,149.91.

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.