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

MassMutual Private Wealth & Trust FSB lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,044 shares of the Internet television network's stock after acquiring an additional 312 shares during the period. 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 hedge funds have also bought and sold shares of the business. Advisory Resource Group grew its position in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock valued at $1,238,000 after buying an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its stake in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network's stock valued at $585,000 after acquiring an additional 12 shares during the last quarter. Sunflower Bank N.A. grew its position in shares of Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network's stock valued at $513,000 after acquiring an additional 12 shares during the period. New World Advisors LLC increased its stake in shares of Netflix by 2.0% during 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 last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Netflix by 2.5% in the 4th quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network's stock worth $508,000 after purchasing an additional 14 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were 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 approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 in the last ninety days. Insiders own 1.76% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $10.64 during trading hours on Tuesday, reaching $868.74. The company had a trading volume of 4,676,371 shares, compared to its average volume of 3,317,205. The firm has a market cap of $371.35 billion, a price-to-earnings ratio of 49.13, a PEG ratio of 1.40 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. The firm's 50 day moving average price is $885.64 and its 200-day moving average price is $760.81. Netflix, Inc. has a 52 week low of $479.90 and a 52 week high of $941.75.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Canaccord Genuity Group lifted their price target on Netflix from $760.00 to $940.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Sanford C. Bernstein increased their price objective on Netflix from $625.00 to $780.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $590.00 to $650.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $845.06.

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.