Massmutual Trust Co. FSB ADV Purchases 668 Shares of Netflix, Inc. (NASDAQ:NFLX)

Massmutual Trust Co. FSB ADV increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 56.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,859 shares of the Internet television network’s stock after purchasing an additional 668 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Netflix were worth $1,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Breakwater Capital Group acquired a new position in shares of Netflix in the 4th quarter valued at about $239,000. Allworth Financial LP raised its stake in shares of Netflix by 4.2% in the fourth quarter. Allworth Financial LP now owns 11,386 shares of the Internet television network’s stock valued at $5,544,000 after acquiring an additional 461 shares in the last quarter. CENTRAL TRUST Co increased its holdings in Netflix by 4.1% in the fourth quarter. CENTRAL TRUST Co now owns 3,529 shares of the Internet television network’s stock valued at $1,718,000 after buying an additional 138 shares during the last quarter. Tritonpoint Wealth LLC purchased a new position in shares of Netflix during the fourth quarter worth about $882,000. Finally, Smith Salley & Associates grew its holdings in shares of Netflix by 1.9% during the fourth quarter. Smith Salley & Associates now owns 1,440 shares of the Internet television network’s stock worth $701,000 after buying an additional 27 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Wedbush reaffirmed an “outperform” rating and set a $725.00 price target on shares of Netflix in a research report on Monday, May 20th. Redburn Atlantic raised their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. TD Cowen raised their price target on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Loop Capital lifted their price target on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Benchmark lifted their price target on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $681.21.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. The disclosure for this sale can be found here. Insiders sold a total of 73,415 shares of company stock valued at $47,477,222 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Netflix stock traded up $11.02 on Tuesday, reaching $609.57. 4,287,851 shares of the stock were exchanged, compared to its average volume of 3,938,135. The firm has a fifty day moving average price of $655.13 and a two-hundred day moving average price of $615.50. The stock has a market cap of $262.72 billion, a PE ratio of 42.26, a PEG ratio of 1.28 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $697.49.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS 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.