NBT Bank N A NY Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

NBT Bank N A NY boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,847 shares of the Internet television network's stock after acquiring an additional 580 shares during the quarter. NBT Bank N A NY's holdings in Netflix were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter valued at $37,000. Stuart Chaussee & Associates Inc. grew its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. Finally, FPC Investment Advisory Inc. increased its stake in Netflix by 628.6% during the 4th quarter. FPC Investment Advisory Inc. now owns 51 shares of the Internet television network's stock worth $50,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,225.35 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $521.47 billion, a PE ratio of 61.79, a P/E/G ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The business's fifty day moving average price is $1,127.47 and its two-hundred day moving average price is $1,003.32.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the company earned $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Jefferies Financial Group boosted their price target on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Canaccord Genuity Group raised their price objective on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Finally, Pivotal Research upped their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

Insider Buying and Selling at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by company 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.

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