Massmutual Trust Co. FSB ADV Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Massmutual Trust Co. FSB ADV trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,732 shares of the Internet television network’s stock after selling 127 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Netflix were worth $1,228,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Denver PWM LLC purchased a new stake in Netflix during the second quarter worth approximately $25,000. Valued Wealth Advisors LLC grew its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. Proffitt & Goodson Inc. grew its stake in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. AlphaMark Advisors LLC grew its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO grew its stake in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,784 shares of company stock worth $150,212,870. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $719.70 on Friday. The company has a 50 day simple moving average of $676.85 and a 200-day simple moving average of $647.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $310.19 billion, a price-to-earnings ratio of 49.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $725.26.

Netflix (NASDAQ:NFLX) last posted its quarterly 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 business had revenue of $9.56 billion during 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%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.29 earnings per share. Equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on NFLX. Rosenblatt Securities reiterated a “neutral” rating and set a $635.00 price objective on shares of Netflix in a research note on Friday, September 20th. The Goldman Sachs Group upped their price target on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Oppenheimer reissued an “outperform” rating and set a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. Finally, Guggenheim increased their target price on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $686.03.

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.