Edmond De Rothschild (italia) Sgr Spa adds Netflix (NFLX) to its portfolio

Netflix (NFLX) : Edmond De Rothschild (italia) Sgr Spa added new position in Netflix during the most recent quarter end. The investment management firm now holds 3,796 shares of Netflix which is valued at $366,656 , the company said in a statement filed on Aug 10, 2016 with the SEC.Netflix makes up approximately 0.49% of Edmond De Rothschild (italia) Sgr Spa’s portfolio.

Other Hedge Funds, Including , Ipg Investment Advisors boosted its stake in NFLX in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 3,360 shares of Netflix which is valued at $324,542. Netflix makes up approx 0.13% of Ipg Investment Advisors’s portfolio.Bruderman Asset Management reduced its stake in NFLX by selling 24 shares or 10.71% in the most recent quarter. The Hedge Fund company now holds 200 shares of NFLX which is valued at $19,022. Netflix makes up approx 0.01% of Bruderman Asset Management’s portfolio.Bb&t Securities reduced its stake in NFLX by selling 1,433 shares or 13.04% in the most recent quarter. The Hedge Fund company now holds 9,558 shares of NFLX which is valued at $927,413. Netflix makes up approx 0.01% of Bb&t Securities’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in NFLX in the latest quarter, The investment management firm added 351 additional shares and now holds a total of 12,825 shares of Netflix which is valued at $1,180,413. Netflix makes up approx 0.12% of Tokio Marine Asset Management Co Ltd’s portfolio.

Netflix closed down -0.29 points or -0.30% at $95.87 with 69,42,892 shares getting traded on Friday. Post opening the session at $96.05, the shares hit an intraday low of $95.51 and an intraday high of $96.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Netflix reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.02. The company had revenue of $1966.00 million for the quarter, compared to analysts expectations of $2109.96 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Netflix. Shares were Reiterated by MKM Partners on Jul 20, 2016 to “Buy” and Lowered the Price Target to $ 130 from a previous price target of $145 .Shares were Reiterated by Mizuho on Jul 19, 2016 to “Neutral” and Lowered the Price Target to $ 90 from a previous price target of $109 .Shares were Reiterated by FBR Capital on Jul 19, 2016 to “Mkt Perform” and Lowered the Price Target to $ 90 from a previous price target of $104 .

Netflix Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month including original series documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play pause and resume watching all without commercials or commitments. Additionally in the United States its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

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