Netflix (NFLX) : Qcm Cayman Ltd. added new position in Netflix during the most recent quarter end. The investment management firm now holds 18,809 shares of Netflix which is valued at $1,816,761 , the company said in a statement filed on Aug 15, 2016 with the SEC.Netflix makes up approximately 2.16% of Qcm Cayman Ltd.’s portfolio.
Other Hedge Funds, Including , Zions Bancorporation boosted its stake in NFLX in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 234 shares of Netflix which is valued at $22,602.Nomura Asset Management Co Ltd reduced its stake in NFLX by selling 2,600 shares or 4.86% in the most recent quarter. The Hedge Fund company now holds 50,851 shares of NFLX which is valued at $4,911,698. Netflix makes up approx 0.09% of Nomura Asset Management Co Ltd’s portfolio.Fmr reduced its stake in NFLX by selling 470,035 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 20,271,858 shares of NFLX which is valued at $1,958,058,764. Netflix makes up approx 0.25% of Fmr’s portfolio. Edmond De Rothschild (suisse) S.a. added NFLX to its portfolio by purchasing 1,850 company shares during the most recent quarter which is valued at $178,692. Netflix makes up approx 0.06% of Edmond De Rothschild (suisse) S.a.’s portfolio. Aviance Capital Management sold out all of its stake in NFLX during the most recent quarter. The investment firm sold 2,016 shares of NFLX which is valued $185,553.
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.