Sapient Capital LLC Has $115.79 Million Holdings in Netflix, Inc. $NFLX

by · The Cerbat Gem

Sapient Capital LLC cut its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,465 shares of the Internet television network’s stock after selling 1,440 shares during the period. Netflix accounts for about 2.1% of Sapient Capital LLC’s investment portfolio, making the stock its 12th biggest position. Sapient Capital LLC’s holdings in Netflix were worth $115,788,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NFLX. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares in the last quarter. Visionary Wealth Advisors lifted its position in shares of Netflix by 8.6% during the fourth quarter. Visionary Wealth Advisors now owns 1,120 shares of the Internet television network’s stock worth $999,000 after purchasing an additional 89 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in shares of Netflix by 10.9% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 197,799 shares of the Internet television network’s stock worth $176,302,000 after purchasing an additional 19,396 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Netflix during the fourth quarter worth approximately $20,787,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were 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 owned 394 shares of the company’s stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 in the last three months. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NFLX shares. Sanford C. Bernstein upped their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Finally, UBS Group reissued a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Get Our Latest Stock Analysis on Netflix

Netflix Stock Down 0.1%

Netflix stock opened at $1,200.51 on Wednesday. The company has a market cap of $510.13 billion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a fifty day simple moving average of $1,214.91 and a 200 day simple moving average of $1,135.62. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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 for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company Profile

(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.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).