Crestwood Advisors Group LLC Has $3.51 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Crestwood Advisors Group LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,759 shares of the Internet television network's stock after purchasing an additional 542 shares during the quarter. Crestwood Advisors Group LLC's holdings in Netflix were worth $3,505,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NFLX. FMR LLC boosted its stake in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC lifted its position in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares in the last quarter. GAMMA Investing LLC raised its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Norges Bank bought a new stake in Netflix during the 4th quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. increased its stake in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after acquiring an additional 82,564 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Oppenheimer boosted their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Up 2.0%

NFLX stock opened at $1,233.27 on Tuesday. The business's 50-day moving average is $1,232.59 and its two-hundred day moving average is $1,063.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.34. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The company has a market cap of $524.84 billion, a price-to-earnings ratio of 52.55, a P/E/G ratio of 2.15 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $4.88 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,824,949.02. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,563 shares of company stock worth $223,147,201. Insiders own 1.37% of the company's stock.

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.

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