Koshinski Asset Management Inc. Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Koshinski Asset Management Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,086 shares of the Internet television network’s stock after purchasing an additional 242 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Netflix were worth $949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Engrave Wealth Partners LLC lifted its position in shares of Netflix by 65.0% in the second quarter. Engrave Wealth Partners LLC now owns 66 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 26 shares in the last quarter. Motco lifted its position in shares of Netflix by 57.1% in the second quarter. Motco now owns 66 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 24 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Netflix by 688.9% in the second quarter. Kistler Tiffany Companies LLC now owns 71 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Netflix in the first quarter valued at $29,000. Finally, Lucia Wealth Services LLC increased its stake in Netflix by 325.0% in the first quarter. Lucia Wealth Services LLC now owns 85 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 82.30% of the company’s stock.

In related news, CEO Reed Hastings sold 53,193 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $449.23, for a total value of $23,895,891.39. Following the sale, the chief executive officer now directly owns 53,193 shares in the company, valued at approximately $23,895,891.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 1,481 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $485.57, for a total value of $719,129.17. Following the completion of the sale, the director now owns 35,643 shares in the company, valued at $17,307,171.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,612 shares of company stock worth $90,145,458. 3.40% of the stock is owned by insiders.

NASDAQ:NFLX opened at $488.88 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $476.08 and its two-hundred day moving average is $407.12. Netflix, Inc. has a 52 week low of $252.28 and a 52 week high of $575.37. The company has a market cap of $214.25 billion, a PE ratio of 82.44, a P/E/G ratio of 2.58 and a beta of 0.96.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.22). Netflix had a return on equity of 33.32% and a net margin of 11.85%. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.08 billion. During the same period in the prior year, the business earned $0.60 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 6.28 EPS for the current fiscal year.

NFLX has been the subject of several analyst reports. Monness Crespi & Hardt upped their target price on Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $500.00 target price on shares of Netflix in a research note on Thursday, July 16th. Oppenheimer upped their target price on Netflix from $480.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Jefferies Financial Group upped their target price on Netflix from $520.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Loop Capital upped their target price on Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $483.56.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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