Sapient Capital LLC Purchases 1,663 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sapient Capital LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 87,844 shares of the Internet television network’s stock after buying an additional 1,663 shares during the period. Netflix accounts for 1.5% of Sapient Capital LLC’s investment portfolio, making the stock its 14th largest holding. Sapient Capital LLC’s holdings in Netflix were worth $78,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. Enzi Wealth increased its holdings in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. boosted its stake in Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after acquiring an additional 11 shares during the last quarter. Everett Harris & Co. CA grew its position in shares of Netflix by 1.3% during the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after acquiring an additional 11 shares during the period. Blossom Wealth Management increased its stake in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after purchasing an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in shares of Netflix by 0.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after purchasing an additional 11 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.3 %

NASDAQ NFLX opened at $1,027.60 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $439.57 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 2.11 and a beta of 1.27. The stock’s 50-day simple moving average is $917.36 and its two-hundred day simple moving average is $792.29. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,032.85.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm earned $2.11 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. Needham & Company LLC lifted their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Argus boosted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,870 shares of company stock valued at $285,287,314. 1.76% of the stock is currently owned by company 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.