MassMutual Private Wealth & Trust FSB Purchases 393 Shares of Netflix, Inc. $NFLX

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in Netflix by 19% during the 2nd quarter, acquiring an additional 393 shares, bringing its total holdings to 2,456 shares valued at approximately $3.29 million.
• Analysts have mixed opinions on Netflix, with price targets ranging from $1,300 to $1,560, and the stock receiving a consensus rating of "Moderate Buy" with an average target price of $1,317.58.
• Recently, insider transactions included sales by CFO Spencer Neumann and CEO Theodore Sarandos, which decreased their holdings by 41.34% and 11.78%, respectively, amid a backdrop of significant insider sell activity totaling over $109 million in the last 90 days.

MassMutual Private Wealth & Trust FSB raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,456 shares of the Internet television network's stock after acquiring an additional 393 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Netflix were worth $3,289,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Ransom Advisory Ltd acquired a new position in shares of Netflix during the 2nd quarter worth approximately $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the 1st quarter worth approximately $37,000. Finally, Copia Wealth Management acquired a new position in shares of Netflix during the 4th quarter worth approximately $37,000. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on NFLX. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Wedbush reissued an "outperform" rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,200.51 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock's fifty day moving average price is $1,214.91 and its two-hundred day moving average price is $1,135.62. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a market cap of $510.13 billion, a price-to-earnings ratio of 51.15, a P/E/G ratio of 2.02 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

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.

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