Netflix, Inc. $NFLX Shares Sold by Sapient Capital LLC

Sapient Capital LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,465 shares of the Internet television network’s stock after selling 1,440 shares during the quarter. Netflix accounts for about 2.1% of Sapient Capital LLC’s investment portfolio, making the stock its 12th largest position. Sapient Capital LLC’s holdings in Netflix were worth $115,788,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted 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 worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter worth approximately $27,000. Ransom Advisory Ltd acquired a new position in Netflix in the 2nd quarter worth approximately $47,000. Flaharty Asset Management LLC acquired a new position in Netflix in the 1st quarter worth approximately $37,000. Finally, Copia Wealth Management acquired a new position in Netflix in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup reaffirmed a “neutral” rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. KeyCorp lifted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Wall Street Zen raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. One equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,317.58.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 424 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,200.51 on Wednesday. The firm’s 50-day moving average is $1,214.91 and its 200-day moving average is $1,135.62. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $510.13 billion, a price-to-earnings ratio of 51.15, a PEG ratio of 2.02 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for 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 business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company Profile

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.