Sapient Capital LLC Has $33.05 Million Holdings in Netflix, Inc. $NFLX

Sapient Capital LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,862 shares of the Internet television network’s stock after selling 13,041 shares during the quarter. Sapient Capital LLC’s holdings in Netflix were worth $33,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vertrix Wealth Management LLC increased its stake in Netflix by 13.9% in the 2nd quarter. Vertrix Wealth Management LLC now owns 12,582 shares of the Internet television network’s stock valued at $898,000 after buying an additional 1,534 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of Netflix during the 2nd quarter worth approximately $658,000. Deane Retirement Strategies Inc. purchased a new position in shares of Netflix in the 2nd quarter worth approximately $2,069,000. Wealth Science Advisors LLC boosted its stake in shares of Netflix by 1,966.0% in the 2nd quarter. Wealth Science Advisors LLC now owns 9,359 shares of the Internet television network’s stock worth $668,000 after buying an additional 8,906 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC grew its holdings in shares of Netflix by 9.4% in the second quarter. Aletheian Wealth Advisors LLC now owns 3,848 shares of the Internet television network’s stock valued at $275,000 after acquiring an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $74.14 on Monday. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $75.32 and its 200 day moving average is $84.86. The stock has a market capitalization of $308.71 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same period in the prior year, the company earned $0.72 earnings per share. Netflix’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Daiwa Securities Group boosted their price objective on Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group downgraded Netflix from an “underweight” rating to a “sell” rating in a research note on Monday, July 20th. Robert W. Baird set a $90.00 target price on Netflix and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their target price on Netflix from $118.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $103.48.

Insider Activity

In related news, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the sale, the director owned 3,940 shares in the company, valued at $338,721.80. This represents a 98.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 591,047 shares of company stock worth $48,355,766. 1.24% of the stock is owned by company insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix will exclusively premiere Grand Theft Auto VI: An Extended Look on August 27, six hours before its YouTube release. The high-profile Rockstar Games event could drive subscriber engagement, streaming traffic and broader attention to Netflix’s platform. GTA VI Extended Look to Debut on Netflix
• Positive Sentiment: Wall Street’s outlook remains moderately bullish despite NFLX’s weak recent performance. Analysts’ consensus rating is “Moderate Buy,” with an average price target of approximately $103.48, substantially above recent trading levels. Netflix Receives Moderate Buy Consensus
• Positive Sentiment: One valuation analysis estimates Netflix could be about 26% undervalued based on discounted-cash-flow and market-multiple models. A multiyear licensing agreement involving The Walking Dead universe may provide additional content and monetization opportunities. Netflix May Be Undervalued
• Neutral Sentiment: Netflix’s latest quarterly results were mixed: earnings per share narrowly beat estimates and revenue rose 13.4% year over year, but revenue slightly missed expectations. Investors may therefore remain focused on future growth and engagement trends.
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares worth about $2.0 million, reducing his direct holdings by 18.42%. Director Richard Barton also sold 2,160 shares for approximately $162,000. Barton’s sale was made under a pre-arranged Rule 10b5-1 plan, limiting its significance, but the combined insider selling may still weigh on sentiment. Netflix Insider Selling
• Negative Sentiment: Netflix has underperformed the S&P 500 over the past year amid concerns about engagement, limited viewing-data disclosure and intensifying streaming competition. The shares also remain below their major moving averages, signaling continued technical pressure. Netflix Underperforms the S&P 500

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.