MassMutual Private Wealth & Trust FSB Purchases 312 Shares of Netflix, Inc. (NASDAQ:NFLX)

MassMutual Private Wealth & Trust FSB increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,044 shares of the Internet television network’s stock after purchasing an additional 312 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Netflix were worth $1,822,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Purus Wealth Management LLC grew its holdings in shares of Netflix by 7.4% during the fourth quarter. Purus Wealth Management LLC now owns 738 shares of the Internet television network’s stock worth $658,000 after buying an additional 51 shares in the last quarter. Penn Davis Mcfarland Inc. bought a new stake in Netflix in the 4th quarter valued at approximately $236,000. Consolidated Capital Management LLC boosted its position in Netflix by 5.6% during the 4th quarter. Consolidated Capital Management LLC now owns 1,176 shares of the Internet television network’s stock worth $1,048,000 after acquiring an additional 62 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of Netflix by 14.3% during the 4th quarter. Diversify Advisory Services LLC now owns 2,627 shares of the Internet television network’s stock worth $2,201,000 after acquiring an additional 328 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in shares of Netflix by 13.2% in the fourth quarter. Diversify Wealth Management LLC now owns 2,665 shares of the Internet television network’s stock valued at $2,233,000 after purchasing an additional 310 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $858.10 on Tuesday. The company has a 50-day simple moving average of $884.58 and a two-hundred day simple moving average of $759.58. Netflix, Inc. has a twelve month low of $476.06 and a twelve month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Benchmark lifted their target price on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Jefferies Financial Group increased their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Loop Capital lowered their price target on Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

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.