Little House Capital LLC Acquires 1,060 Shares of Netflix, Inc. $NFLX

Key Points

• Little House Capital LLC increased its stake in Netflix by 39.8%, acquiring an additional 1,060 shares, bringing its total to 3,721 shares valued at approximately $4.98 million.
• Major equity analysts have raised price targets for Netflix, with BMO Capital Markets setting a target of $1,425 and Wells Fargo raising it to $1,560, reflecting a generally optimistic outlook.
• Netflix reported earnings of $7.19 per share for the previous quarter, exceeding analyst estimates, with a revenue of $11.08 billion, marking a 15.9% increase year-over-year.

Little House Capital LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 39.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,721 shares of the Internet television network's stock after buying an additional 1,060 shares during the quarter. Netflix comprises approximately 1.2% of Little House Capital LLC's holdings, making the stock its 26th biggest position. Little House Capital LLC's holdings in Netflix were worth $4,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC grew its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Netflix by 8.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,161 shares of the Internet television network's stock valued at $6,383,000 after buying an additional 588 shares in the last quarter. Strategic Wealth Partners Ltd. bought a new position in shares of Netflix in the fourth quarter valued at $1,441,000. Finally, TrinityPoint Wealth LLC bought a new position in shares of Netflix in the fourth quarter valued at $306,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NFLX shares. Rosenblatt Securities raised their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by insiders.

Netflix Stock Up 1.2%

NFLX opened at $1,202.26 on Tuesday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two 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 capitalization of $510.88 billion, a P/E ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60. The stock has a fifty day moving average of $1,216.40 and a 200-day moving average of $1,135.17.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.

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