Little House Capital LLC Sells 215 Shares of Netflix, Inc. (NASDAQ:NFLX)

Little House Capital LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,661 shares of the Internet television network’s stock after selling 215 shares during the period. Little House Capital LLC’s holdings in Netflix were worth $2,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $1,323.12 on Friday. The stock has a market capitalization of $563.08 billion, a PE ratio of 62.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.59. The company’s 50-day moving average is $1,183.25 and its 200-day moving average is $1,023.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,331.35.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the firm earned $8.28 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NFLX shares. Barclays increased their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Moffett Nathanson restated a “buy” rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Jefferies Financial Group raised their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Finally, Macquarie raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,172.73.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. This represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 185,280 shares of company stock valued at $210,599,866 over the last three months. Corporate insiders own 1.37% of the company’s stock.

About Netflix

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.