Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 16.3% in the fourth quarter, Holdings Channel reports. The firm owned 2,124 shares of the Internet television network’s stock after purchasing an additional 298 shares during the period. Koshinski Asset Management Inc.’s holdings in Netflix were worth $1,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Netflix in the fourth quarter valued at approximately $43,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $858.10 on Tuesday. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The firm has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $884.58 and a 200-day simple moving average of $759.58.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Argus boosted their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Piper Sandler lifted their price target on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Finally, Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of the 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 completion of the sale, the director now owns 246 shares of the company’s stock, valued at $185,976. This represents a 95.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 in the last three months. 1.76% of the stock is owned by corporate 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.