Koshinski Asset Management Inc. Raises Position in Netflix, Inc. $NFLX

Koshinski Asset Management Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,290 shares of the Internet television network’s stock after buying an additional 350 shares during the period. Koshinski Asset Management Inc.’s holdings in Netflix were worth $3,067,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC grew its stake in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Flaharty Asset Management LLC bought a new position in shares of Netflix during the first quarter valued at approximately $37,000. Maseco LLP bought a new position in shares of Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new position in shares of Netflix during the first quarter valued at approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.3%

Shares of NASDAQ:NFLX opened at $1,199.36 on Friday. Netflix, Inc. has a 52-week low of $736.23 and a 52-week high of $1,341.15. The stock has a market cap of $509.64 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The business’s 50 day moving average is $1,213.47 and its 200 day moving average is $1,175.91. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.88 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Robert W. Baird increased their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,339.81.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by company insiders.

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.