M&T Bank Corp Acquires 308 Shares of Netflix, Inc. (NASDAQ:NFLX)

M&T Bank Corp raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,254 shares of the Internet television network's stock after buying an additional 308 shares during the quarter. M&T Bank Corp's holdings in Netflix were worth $37,662,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter valued at $25,000. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC bought a new stake in Netflix during the fourth quarter worth about $34,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter worth about $37,000. Finally, Pineridge Advisors LLC increased its holdings in 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 buying an additional 40 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and raised their price target for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Bank of America upped their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Finally, Loop Capital boosted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Netflix Stock Performance

NFLX stock traded up $18.34 on Wednesday, reaching $990.92. The company's stock had a trading volume of 3,804,676 shares, compared to its average volume of 3,309,692. The company has a market capitalization of $423.87 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a fifty day moving average of $950.95 and a two-hundred day moving average of $838.65.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The business's quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 30,485 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company's stock.

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.