Sapient Capital LLC Has $61.13 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Sapient Capital LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,181 shares of the Internet television network’s stock after selling 7,229 shares during the quarter. Netflix accounts for about 1.2% of Sapient Capital LLC’s holdings, making the stock its 16th biggest position. Sapient Capital LLC’s holdings in Netflix were worth $61,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC raised its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the last quarter. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its holdings in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.1 %

Shares of Netflix stock opened at $721.95 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $736.00. The firm has a market cap of $311.16 billion, a PE ratio of 50.16, a PEG ratio of 1.49 and a beta of 1.26. The company has a 50 day simple moving average of $686.60 and a two-hundred day simple moving average of $651.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 EPS. Analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays reissued an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Monday, October 7th. Citigroup boosted their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Benchmark increased their price target on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research report on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research report on Friday, July 19th. Finally, Bank of America upped their price objective on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $702.79.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. In the last three months, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is currently owned by corporate insiders.

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.