WNY Asset Management LLC Invests $237,000 in Netflix, Inc. (NASDAQ:NFLX)

WNY Asset Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 266 shares of the Internet television network's stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in Netflix in the fourth quarter worth $32,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter valued at $34,000. Finally, Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,708 shares of company stock valued at $138,323,256. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NFLX shares. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Barclays increased their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Wedbush reaffirmed an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. Finally, Robert W. Baird upped their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

Netflix Price Performance

NASDAQ:NFLX traded down $3.02 during mid-day trading on Wednesday, reaching $1,208.55. The stock had a trading volume of 1,743,579 shares, compared to its average volume of 3,746,366. The stock has a market capitalization of $514.32 billion, a P/E ratio of 60.95, a P/E/G ratio of 2.12 and a beta of 1.58. The firm has a 50 day moving average price of $1,045.95 and a two-hundred day moving average price of $967.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,215.39.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the business posted $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix 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.