Ems Capital Lp buys $84,622,499 stake in Netflix (NFLX)

Netflix (NFLX) : Ems Capital Lp scooped up 129,000 additional shares in Netflix during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 876,100 shares of Netflix which is valued at $84,622,499.Netflix makes up approximately 8.07% of Ems Capital Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in NFLX during the most recent quarter. The investment firm sold 1,095,441 shares of NFLX which is valued $105,808,646. Edgestream Partners added NFLX to its portfolio by purchasing 7,681 company shares during the most recent quarter which is valued at $741,908. Netflix makes up approx 0.98% of Edgestream Partners’s portfolio.State Of Tennessee Treasury Department reduced its stake in NFLX by selling 80,421 shares or 28.66% in the most recent quarter. The Hedge Fund company now holds 200,151 shares of NFLX which is valued at $19,332,585. Netflix makes up approx 0.09% of State Of Tennessee Treasury Department’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.Gilder Gagnon Howe Co reduced its stake in NFLX by selling 118,939 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 3,516,558 shares of NFLX which is valued at $327,391,550. Netflix makes up approx 6.05% of Gilder Gagnon Howe Co’s portfolio.

Netflix closed down -0.07 points or -0.07% at $97.38 with 41,48,621 shares getting traded on Thursday. Post opening the session at $97.81, the shares hit an intraday low of $96.916 and an intraday high of $97.98 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Axiom Capital Initiated Netflix on Aug 29, 2016 to “Sell”, Price Target of the shares are set at $80.Netflix was Upgraded by William Blair to ” Outperform” on Aug 25, 2016. 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 .

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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