M&T Bank Corp Sells 16,716 Shares of Netflix, Inc. $NFLX

Key Points

• M&T Bank Corp cut its Netflix stake by 48.7%, selling 16,716 shares and holding 17,619 shares worth $1.652 million at the end of the quarter.
• Company insiders have been heavy sellers: co‑founder Reed Hastings sold 420,550 shares (leaving 3,940), the CFO sold 57,260 shares, and insiders sold 1,487,794 shares valued at $136.3 million in the past 90 days.
• Netflix beat Q1 estimates with EPS $1.23 vs. $0.76 expected and $12.25B revenue, showing stronger profitability, and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $114.82.

M&T Bank Corp reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,619 shares of the Internet television network's stock after selling 16,716 shares during the quarter. M&T Bank Corp's holdings in Netflix were worth $1,652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Netflix by 0.4% in the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock worth $46,183,983,000 after purchasing an additional 142,238 shares during the period. Baillie Gifford & Co. lifted its position in Netflix by 912.3% in the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after purchasing an additional 33,290,988 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Netflix by 891.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after purchasing an additional 10,879,276 shares during the period. Nordea Investment Management AB lifted its position in Netflix by 886.6% in the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock worth $902,798,000 after purchasing an additional 8,688,113 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Netflix by 430.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,738,241 shares of the Internet television network's stock worth $631,777,000 after purchasing an additional 5,468,262 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Reed Hastings sold 420,550 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 57,260 shares of the firm's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $7,046,658.50. This trade represents a 43.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,487,794 shares of company stock valued at $136,255,772 in the last ninety days. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of several research reports. BMO Capital Markets reduced their target price on Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. Citigroup began coverage on Netflix in a research report on Thursday, April 16th. They set a "market perform" rating for the company. TD Cowen cut their target price on Netflix from $115.00 to $112.00 and set a "buy" rating for the company in a research report on Wednesday, January 21st. Pivotal Research set a $96.00 price target on Netflix and gave the company a "hold" rating in a research report on Friday, April 17th. Finally, Rosenblatt Securities lowered their price target on Netflix from $96.00 to $95.00 and set a "neutral" rating on the stock in a research report on Friday, April 17th. Two equities research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Netflix Stock Up 1.0%

Shares of NASDAQ NFLX opened at $92.32 on Wednesday. The stock has a market cap of $388.72 billion, a PE ratio of 29.82, a PEG ratio of 1.19 and a beta of 1.67. The business has a fifty day moving average of $94.19 and a two-hundred day moving average of $97.18. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's revenue was up 16.2% on a year-over-year basis. During the same period last year, the business earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 3.53 earnings per share for the current fiscal year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results and profitability showing strength (revenue and EPS beat, healthy margins) supporting the bull case. Netflix NASDAQ: NFLX Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
• Positive Sentiment: Piper Sandler lifted its price target to $115 and kept an Overweight rating after Q1, signaling continued analyst confidence in the recovery trajectory. Netflix, Inc. (NFLX): One of the Best Big Name Stocks to Buy
• Positive Sentiment: Bullish commentary and feature pieces argue the pullback is a buying opportunity for long‑term investors, reinforcing demand from value‑oriented buyers. Netflix Stock Is Down 32%. Here's Why It's a Screaming Buy.
• Positive Sentiment: Standalone bullish takeaways (analyst/upside stories and price‑target raises) and promotional pieces (e.g., “$25 billion reason to buy”) are adding incremental positive flow. A $25 Billion Reason to Buy Netflix Stock in April 2026
• Neutral Sentiment: Management is shifting capital allocation to prioritize profit discipline and diversify into ads, live sports, gaming and experiences — a strategic positive long term but a source of near‑term uncertainty as margins reset. Netflix Weighs Profit Discipline Against Growth In Sports Gaming Experiences
• Neutral Sentiment: Market commentary offers mixed views — some investors say it’s a buy at current levels, others say valuation still looks rich versus near‑term risk. I Want to Buy Netflix Stock, Just Not at This Price
• Neutral Sentiment: Regional viewing data: Netflix usage in Australia is strong overall, but viewers favor non‑local content — a programming/market mix datapoint without immediate earnings impact. Netflix Audiences In Australia Are Booming, But Report Finds They Aren't Watching Local Content
• Negative Sentiment: Bernstein trimmed its price target (from $115 to $110) citing near‑term margin pressure — a reminder investors are watching cost control as Netflix scales content, ads and new initiatives. Bernstein Reduces PT on Netflix (NFLX) on Near Term Margin Concerns
• Negative Sentiment: Erste downgraded the stock from buy to hold, reflecting some analyst caution after the run and amid margin/growth tradeoffs. Finviz analyst note (Erste downgrade)
• Negative Sentiment: Co‑founder Reed Hastings is stepping away from the company — a governance/leadership change that can introduce investor nervousness despite management continuity. Netflix Co-Founder Reed Hastings Is Leaving the Company. What Does This Mean for the Stock?
• Negative Sentiment: Q2 guidance and near‑term EPS cadence remain modest (management set relatively low Q2 EPS guidance), which keeps focus on execution and margins and caps near‑term upside.

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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