Sands Capital Management LLC Has $1.34 Billion Stock Holdings in Netflix, Inc. $NFLX

Sands Capital Management LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,120,658 shares of the Internet television network’s stock after selling 11,021 shares during the period. Netflix accounts for 3.7% of Sands Capital Management LLC’s holdings, making the stock its 6th biggest position. Sands Capital Management LLC owned 0.26% of Netflix worth $1,343,579,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Retirement Wealth Solutions LLC acquired a new position in shares of Netflix during the third quarter worth $28,000. Steph & Co. boosted its position in shares of Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Bare Financial Services Inc boosted its position in shares of Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 14 shares in the last quarter. Horizon Financial Services LLC grew its stake in Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new position in Netflix during the 3rd quarter worth $36,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is accelerating AI investments to improve recommendations and reduce costs; a recent media-group deal tied to Google signals partnerships that could scale those capabilities and strengthen personalization/ads monetization prospects. Netflix’s AI Drive Followed by This TV Group. It Just Struck a Deal With Google.
• Positive Sentiment: Market reaction after Netflix failed to acquire Warner Bros. Discovery is largely constructive: coverage and commentary argue being “free of Warner Bros.” preserves Netflix’s balance sheet and growth focus, which supports margins and long-term optionality. Netflix After the WBD Deal Collapse
• Positive Sentiment: Analysts and pundits note Netflix has transitioned from an M&A “loser” to a market winner without the Warner deal — a narrative that reduces debt risk and refocuses capital on streaming, advertising and content. Netflix Goes From M&A Loser to Market Winner Without Warner Deal
• Neutral Sentiment: Wells Fargo started coverage with an Equal Weight rating and $105 price target, signaling cautious institutional re‑entry but limited near‑term upside versus current levels. Wells Fargo & Company Begins Coverage on Netflix (NASDAQ:NFLX)
• Neutral Sentiment: Market consensus remains a “Moderate Buy” with many analysts covering the stock (dozens of ratings), so investor views are mixed — useful to watch how revisions shift after recent news. Deep Dive Into Netflix Stock: Analyst Perspectives (32 Ratings)
• Neutral Sentiment: Insider/shareholder activity is getting attention (co‑founder Reed Hastings trimmed a stake; separate disclosures show purchases of Netflix bonds), but stories emphasize context rather than signaling a clear corporate‑level problem. Co-Founder Reed Hastings Just Dumped $40 Million in Netflix Stock. Should You Ditch NFLX Too?
• Negative Sentiment: BofA cut its price target from $149 to $125, citing valuation/expectations — a concrete analyst downgrade that can cap upside and pressure the stock if other firms follow. BofA Cuts PT on Netflix, Inc. (NFLX) to $125 From $149 – Here’s Why
• Negative Sentiment: Commentary highlighting risks to Netflix’s 2026 momentum (intense competition, potential valuation compression and execution risks) creates downside narrative that could prompt profit‑taking. The Risks Stalling Netflix’s 2026 Momentum

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. Loop Capital set a $104.00 price target on Netflix in a research note on Tuesday, January 27th. William Blair restated an “outperform” rating on shares of Netflix in a research note on Wednesday, January 21st. BMO Capital Markets cut their price objective on shares of Netflix from $143.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Barclays initiated coverage on shares of Netflix in a research report on Monday, March 2nd. They issued an “equal weight” rating and a $115.00 price objective for the company. Finally, KeyCorp set a $110.00 target price on shares of Netflix and gave the stock an “overweight” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.67.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 410,550 shares of Netflix stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $97.01, for a total transaction of $39,827,455.50. Following the completion of the transaction, the director directly owned 3,940 shares of the company’s stock, valued at $382,219.40. The trade was a 99.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 5,727 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the transaction, the insider owned 316,100 shares of the company’s stock, valued at approximately $25,623,066. This represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,520,133 shares of company stock worth $137,259,786. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $96.94 on Wednesday. The stock has a market cap of $409.30 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.68. The business has a 50-day simple moving average of $86.45 and a 200-day simple moving average of $103.22. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.