M&T Bank Corp Purchases 206 Shares of Netflix, Inc. (NASDAQ:NFLX)

M&T Bank Corp boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,285 shares of the Internet television network’s stock after acquiring an additional 206 shares during the period. M&T Bank Corp’s holdings in Netflix were worth $18,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Malaga Cove Capital LLC increased its position in shares of Netflix by 25.4% during the fourth quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock worth $761,000 after acquiring an additional 316 shares in the last quarter. Horan Capital Advisors LLC. increased its holdings in Netflix by 3.9% during the 4th quarter. Horan Capital Advisors LLC. now owns 660 shares of the Internet television network’s stock worth $321,000 after purchasing an additional 25 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Netflix by 82.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,598 shares of the Internet television network’s stock worth $3,212,000 after purchasing an additional 2,989 shares during the last quarter. Aveo Capital Partners LLC lifted its holdings in shares of Netflix by 6.9% in the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares in the last quarter. Finally, Westover Capital Advisors LLC lifted its holdings in shares of Netflix by 5.0% in the fourth quarter. Westover Capital Advisors LLC now owns 9,946 shares of the Internet television network’s stock valued at $4,843,000 after purchasing an additional 476 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Pivotal Research increased their price target on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. The Goldman Sachs Group raised their price target on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Evercore ISI lifted their target price on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Finally, Morgan Stanley boosted their target price on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.15.

Netflix Price Performance

Netflix stock traded up $14.19 during midday trading on Friday, reaching $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. Netflix, Inc. has a 52 week low of $317.95 and a 52 week high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $249.67 billion, a PE ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The company’s fifty day moving average is $602.57 and its 200-day moving average is $526.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the previous year, the business earned $2.88 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, sell-side analysts forecast that Netflix, Inc. will post 18.3 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,413,521.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,833 shares of company stock valued at $88,270,051. 1.76% of the stock is owned by corporate insiders.

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.