Koshinski Asset Management Inc. Buys 298 Shares of Netflix, Inc. (NASDAQ:NFLX)

Koshinski Asset Management Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,124 shares of the Internet television network’s stock after buying an additional 298 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Netflix were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Netflix by 26.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock valued at $44,493,000 after purchasing an additional 13,848 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock valued at $367,000 after buying an additional 116 shares during the period. Edge Capital Group LLC increased its holdings in Netflix by 4.8% during the second quarter. Edge Capital Group LLC now owns 1,737 shares of the Internet television network’s stock valued at $1,172,000 after buying an additional 79 shares during the last quarter. Certified Advisory Corp raised its position in Netflix by 7.4% in the second quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock worth $780,000 after acquiring an additional 80 shares during the period. Finally, HighVista Strategies LLC purchased a new position in shares of Netflix during the 2nd quarter worth $1,215,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $858.10 on Tuesday. The firm has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $884.58 and its 200 day moving average is $759.58.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. Citigroup lifted their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC upped their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities restated a “neutral” rating and set a $680.00 price objective on shares of Netflix in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group upped their target price on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $845.06.

Insider Activity

In other news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by company insiders.

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.