According to CoinMeta, on August 11th during the program “Crazy Money,” Jim Cramer told callers that it was possible to increase positions in Netflix ( NFLX ). Cramer pointed out that the current trading price of Netflix is about 15% lower than its original purchase price. He stated that although he doesn’t care about the stock’s historical prices, he focuses on future trends and believes that the current price-earnings ratio is 20, indicating a good profit situation. Cramer’s advice reflects his investment philosophy of perseverance amidst the market fluctuations of summer. Despite concerns from the market regarding Netflix’s early acquisition of Warner Bros. assets, Cramer remains optimistic about the company’s future. Analysts are cautious about the prospects of Netflix, and some institutions have downgraded their ratings, noting that the lack of major blockbuster films could lead to slower revenue growth. Nevertheless, institutional investors still hold high confidence in Netflix; 144 hedge funds held shares in the company in the first quarter, showing continued support.