Canandaigua National Bank & Trust Co. Has $1.72 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Canandaigua National Bank & Trust Co. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,924 shares of the Internet television network’s stock after selling 80 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Netflix were worth $1,715,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Resource Group boosted its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after purchasing an additional 12 shares during the period. New World Advisors LLC raised its holdings in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. Heartland Bank & Trust Co lifted its stake in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the last quarter. Finally, Cedrus LLC grew its holdings in Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 150,761 shares of company stock valued at $125,713,484. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NFLX. Canaccord Genuity Group boosted their target price on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Argus increased their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC boosted their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $821.27.

Netflix Stock Up 0.1 %

Shares of NFLX opened at $881.79 on Tuesday. Netflix, Inc. has a 1 year low of $472.95 and a 1 year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50 day simple moving average of $869.23 and a two-hundred day simple moving average of $748.42. The firm has a market cap of $376.93 billion, a P/E ratio of 49.90, a P/E/G ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.