WNY Asset Management LLC Purchases Shares of 266 Netflix, Inc. (NASDAQ:NFLX)

WNY Asset Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 266 shares of the Internet television network's stock, valued at approximately $237,000.

Several other large investors have also recently modified their holdings of the stock. Capital & Planning LLC bought a new stake in shares of Netflix in the fourth quarter worth about $809,000. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares during the period. Accel Wealth Management bought a new stake in shares of Netflix in the 4th quarter worth approximately $219,000. Cyndeo Wealth Partners LLC grew its position in shares of Netflix by 6.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 1,842 shares of the Internet television network's stock worth $1,642,000 after buying an additional 111 shares during the last quarter. Finally, Grimes & Company Inc. increased its stake in shares of Netflix by 4.9% during the fourth quarter. Grimes & Company Inc. now owns 362 shares of the Internet television network's stock valued at $323,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NFLX traded up $26.18 during trading on Tuesday, hitting $1,211.57. The company's stock had a trading volume of 2,916,636 shares, compared to its average volume of 3,754,004. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,211.79. The firm has a market cap of $515.61 billion, a PE ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. The business's 50 day simple moving average is $1,040.74 and its 200-day simple moving average is $965.67.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the firm earned $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Morgan Stanley lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Canaccord Genuity Group lifted their price target on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company increased their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. This trade represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 in the last three months. Company insiders own 1.37% of the company's stock.

About Netflix

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.