Sapient Capital LLC Makes New $46.01 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Sapient Capital LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 94,491 shares of the Internet television network’s stock, valued at approximately $46,006,000. Netflix accounts for about 1.2% of Sapient Capital LLC’s portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC acquired a new position in Netflix during the third quarter valued at $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix in the 3rd quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Carmel Capital Partners LLC grew its stake in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America increased their target price on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Loop Capital lifted their target price on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Macquarie upped their price target on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, KeyCorp lifted their price objective on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $631.15.

Netflix Trading Up 2.5 %

NFLX traded up $14.19 during mid-day trading on Friday, hitting $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. The company has a market cap of $249.67 billion, a PE ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $602.57 and its two-hundred day moving average is $526.33. Netflix, Inc. has a 1-year low of $317.95 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 EPS. Equities analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders sold 152,833 shares of company stock valued at $88,270,051 over the last three months. 1.76% of the stock is 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.