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

Koshinski Asset Management Inc. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,124 shares of the Internet television network's stock after purchasing an additional 298 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Netflix were worth $1,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. DigitalBridge Group Inc. increased its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network's stock valued at $24,338,000 after buying an additional 9,451 shares in the last quarter. Nordea Investment Management AB grew its stake in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its position in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock worth $434,398,000 after acquiring an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp raised its position in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. Piper Sandler raised their price objective on shares of Netflix from $840.00 to $950.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 14th. Sanford C. Bernstein raised their price target on Netflix from $625.00 to $780.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Pivotal Research upped their price objective on Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an "underweight" rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $845.06.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares of the company's stock, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 over the last three months. 1.76% of the stock is owned by insiders.

Netflix Stock Up 1.3 %

Shares of NFLX stock traded up $11.58 during mid-day trading on Tuesday, reaching $869.68. 9,452,765 shares of the company were exchanged, compared to its average volume of 3,643,469. The company has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27. The business's 50 day simple moving average is $885.64 and its 200 day simple moving average is $760.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a fifty-two week low of $479.90 and a fifty-two week high of $941.75.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.06. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. Research analysts predict that Netflix, Inc. will post 19.76 earnings per share for the current year.

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.