Netflix (NFLX) : Mufg Securities Emea Plc added new position in Netflix during the most recent quarter end. The investment management firm now holds 269 shares of Netflix which is valued at $25,983 , the company said in a statement filed on Aug 11, 2016 with the SEC.Netflix makes up approximately 0.11% of Mufg Securities Emea Plc’s portfolio.
Other Hedge Funds, Including , Scotia Capital boosted its stake in NFLX in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 5,534 shares of Netflix which is valued at $534,529. Netflix makes up approx 0.01% of Scotia Capital’s portfolio. Private Capital Management Inc added NFLX to its portfolio by purchasing 6,900 company shares during the most recent quarter which is valued at $669,507. Netflix makes up approx 0.63% of Private Capital Management Inc’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. Chicago Equity Partners added NFLX to its portfolio by purchasing 3,575 company shares during the most recent quarter which is valued at $326,219. Netflix makes up approx 0.01% of Chicago Equity Partners’s portfolio.Gradient Investments reduced its stake in NFLX by selling 284 shares or 7.79% in the most recent quarter. The Hedge Fund company now holds 3,360 shares of NFLX which is valued at $332,002. Netflix makes up approx 0.04% of Gradient Investments’s portfolio.
Netflix opened for trading at $95.68 and hit $96.59 on the upside on Tuesday, eventually ending the session at $95.94, with a gain of 0.71% or 0.68 points. The heightened volatility saw the trading volume jump to 52,37,956 shares. Company has a market cap of $41,132 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. 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 .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 .
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.