M&T Bank Corp Acquires 366,429 Shares of Netflix, Inc. $NFLX

Key Points

• M&T Bank Corp boosted its Netflix stake by 1,067.2% in Q4, purchasing 366,429 shares to hold 400,764 shares worth about $37.6 million.
• Netflix topped estimates in the latest quarter with EPS of $1.23 versus $0.76 and revenue of $12.25 billion (up 16.2% YoY); the stock trades near $91 with a market cap of $383.4 billion and a P/E of 29.41.
• Corporate insiders have been net sellers recently—including the CEO—and insiders sold about 1.398 million shares (~$132.7 million) over the last 90 days, while institutional ownership sits at roughly 80.9% and analysts' consensus is a "Moderate Buy" (average target ~$114.82).

M&T Bank Corp grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,067.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 400,764 shares of the Internet television network's stock after buying an additional 366,429 shares during the quarter. M&T Bank Corp's holdings in Netflix were worth $37,575,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NFLX. Imprint Wealth LLC purchased a new position in Netflix during the 3rd quarter valued at $25,000. Bare Financial Services Inc lifted its position in shares of Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock worth $35,000 after purchasing an additional 14 shares during the period. Horizon Financial Services LLC lifted its position in shares of Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock worth $35,000 after purchasing an additional 24 shares during the period. Redmont Wealth Advisors LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $36,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $44,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Down 1.1%

Shares of NASDAQ:NFLX opened at $91.05 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $94.81 and a two-hundred day simple moving average of $96.77. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The stock has a market capitalization of $383.38 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.18 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the firm earned $6.61 EPS. Netflix's quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,166,933.60. The trade was a 18.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 5,727 shares of the company's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,398,593 shares of company stock valued at $132,740,606 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Weiss Ratings lowered shares of Netflix from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, January 22nd. Argus decreased their target price on Netflix from $141.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, January 22nd. TD Cowen lowered their target price on Netflix from $115.00 to $112.00 and set a "buy" rating for the company in a research note on Wednesday, January 21st. HSBC lifted their price target on Netflix from $106.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, April 10th. Finally, Jefferies Financial Group reduced their price target on Netflix from $134.00 to $128.00 and set a "buy" rating on the stock in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $114.82.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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