Gilder Gagnon Howe Co Lowers stake in Netflix (NFLX)

Netflix (NFLX) : Gilder Gagnon Howe Co reduced its stake in Netflix by 3.27% during the most recent quarter end. The investment management company now holds a total of 3,516,558 shares of Netflix which is valued at $327,391,550 after selling 118,939 shares in Netflix , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Netflix makes up approximately 6.05% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , Integrated Wealth Management boosted its stake in NFLX in the latest quarter, The investment management firm added 199 additional shares and now holds a total of 1,804 shares of Netflix which is valued at $167,952. Netflix makes up approx 0.06% of Integrated Wealth Management’s portfolio.Shell Asset Management Co boosted its stake in NFLX in the latest quarter, The investment management firm added 9,754 additional shares and now holds a total of 30,784 shares of Netflix which is valued at $2,833,359. Netflix makes up approx 0.07% of Shell Asset Management Co’s portfolio.Winslow Evans Crocker reduced its stake in NFLX by selling 159 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 3,036 shares of NFLX which is valued at $260,762. Netflix makes up approx 0.08% of Winslow Evans Crocker’s portfolio. Trust Co added NFLX to its portfolio by purchasing 105 company shares during the most recent quarter which is valued at $10,191.

Netflix opened for trading at $93.2 and hit $93.7319 on the upside on Thursday, eventually ending the session at $93.44, with a gain of 0.37% or 0.34 points. The heightened volatility saw the trading volume jump to 60,43,394 shares. Company has a market cap of $40,060 M.

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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