Crescent Grove Advisors LLC Makes New $211,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Crescent Grove Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the SEC. The firm purchased 312 shares of the Internet television network’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Valued Wealth Advisors LLC lifted its holdings in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. VitalStone Financial LLC boosted its position in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO lifted its stake in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. KeyCorp lifted their price objective on shares of Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. TD Cowen lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group increased their price objective on shares of Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Citigroup lifted their target price on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Piper Sandler increased their price target on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

Netflix Stock Performance

Netflix stock traded down $1.42 during midday trading on Wednesday, hitting $697.12. The company’s stock had a trading volume of 2,233,688 shares, compared to its average volume of 3,886,684. The company has a 50-day moving average price of $657.29 and a two-hundred day moving average price of $624.32. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33. The company has a market cap of $300.46 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock valued at $98,283,982 in the last three months. Corporate insiders own 1.76% 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.