MassMutual Private Wealth & Trust FSB Has $1.82 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

MassMutual Private Wealth & Trust FSB boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 18.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,044 shares of the Internet television network’s stock after buying an additional 312 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Netflix were worth $1,822,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Netflix in the 4th quarter valued at approximately $43,000. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix in the 3rd quarter worth approximately $38,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets raised their price target on shares of Netflix from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group upped their price objective on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley lifted their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group upped their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Buying and Selling

In other news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Tuesday. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75. The company has a 50-day moving average of $884.58 and a two-hundred day moving average of $759.58. The company has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

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.