Sandbox Financial Partners LLC Raises Position in Netflix, Inc. $NFLX

by · The Cerbat Gem

Sandbox Financial Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 23.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 454 shares of the Internet television network’s stock after purchasing an additional 87 shares during the quarter. Sandbox Financial Partners LLC’s holdings in Netflix were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its stake in shares of Netflix by 19.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,456 shares of the Internet television network’s stock worth $3,289,000 after purchasing an additional 393 shares during the last quarter. Range Financial Group LLC raised its stake in shares of Netflix by 187.9% in the second quarter. Range Financial Group LLC now owns 2,755 shares of the Internet television network’s stock worth $3,689,000 after purchasing an additional 1,798 shares during the last quarter. Strategic Advocates LLC raised its stake in shares of Netflix by 4.0% in the second quarter. Strategic Advocates LLC now owns 2,870 shares of the Internet television network’s stock worth $3,843,000 after purchasing an additional 110 shares during the last quarter. Little House Capital LLC raised its stake in shares of Netflix by 39.8% in the second quarter. Little House Capital LLC now owns 3,721 shares of the Internet television network’s stock worth $4,983,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Everpar Advisors LLC raised its stake in shares of Netflix by 3.2% in the second quarter. Everpar Advisors LLC now owns 1,861 shares of the Internet television network’s stock worth $2,492,000 after purchasing an additional 58 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $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. Insiders sold 89,348 shares of company stock valued at $109,498,489 over the last three months. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,202.26 on Tuesday. 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 business has a fifty day simple moving average of $1,216.40 and a two-hundred day simple moving average of $1,135.17. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a market capitalization of $510.88 billion, a P/E ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60.

Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the business posted $4.88 earnings per share. The business’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, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Sanford C. Bernstein increased their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. TD Cowen increased their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Barclays reaffirmed a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,317.58.

Read Our Latest Analysis on Netflix

About Netflix

(Free Report)

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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