Sands Capital Management LLC Sells 11,021 Shares of Netflix, Inc. $NFLX

Sands Capital Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,120,658 shares of the Internet television network’s stock after selling 11,021 shares during the period. Netflix comprises about 3.7% of Sands Capital Management LLC’s portfolio, making the stock its 6th largest holding. Sands Capital Management LLC’s holdings in Netflix were worth $1,343,579,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Netflix in the third quarter valued at approximately $28,000. Steph & Co. raised its stake in shares of Netflix by 188.9% during the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after buying an additional 17 shares during the period. Bare Financial Services Inc lifted its position in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 14 shares in the last quarter. Horizon Financial Services LLC lifted its position in shares of Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in Netflix in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $96.94 on Wednesday. The firm has a 50 day simple moving average of $86.45 and a 200-day simple moving average of $103.22. The stock has a market cap of $409.30 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

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

Analyst Ratings Changes

Several equities research analysts recently commented on NFLX shares. Phillip Securities raised shares of Netflix from a “sell” rating to a “moderate buy” rating and boosted their price target for the stock from $95.00 to $100.00 in a report on Monday, January 26th. Susquehanna raised shares of Netflix to a “positive” rating and set a $112.00 price objective on the stock in a report on Wednesday, January 21st. Guggenheim dropped their target price on shares of Netflix from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. HSBC cut their target price on shares of Netflix from $107.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Finally, Huber Research raised shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $114.67.

Key Headlines Impacting Netflix

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

Insider Activity at Netflix

In other news, Director Reed Hastings sold 410,550 shares of the stock in a transaction on Monday, March 2nd. The stock was 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 in the company, valued at approximately $382,219.40. This represents a 99.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cletus R. Willems sold 3,136 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total value of $259,253.12. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,520,133 shares of company stock valued at $137,259,786 over the last 90 days. Corporate insiders own 1.37% of the company’s stock.

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.