Netflix (NFLX) : Tcs Capital Management added new position in Netflix during the most recent quarter end. The investment management firm now holds 48,500 shares of Netflix which is valued at $4,684,615 , the company said in a statement filed on Aug 15, 2016 with the SEC.Netflix makes up approximately 2.51% of Tcs Capital Management’s portfolio.
Other Hedge Funds, Including , Pinnacle Associates Ltd reduced its stake in NFLX by selling 375 shares or 6.11% in the most recent quarter. The Hedge Fund company now holds 5,766 shares of NFLX which is valued at $556,938. Netflix makes up approx 0.01% of Pinnacle Associates Ltd’s portfolio.Weatherly Asset Management L. P. reduced its stake in NFLX by selling 946 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 122,209 shares of NFLX which is valued at $11,857,939. Netflix makes up approx 3.77% of Weatherly Asset Management L. P.’s portfolio.California Public Employees Retirement System reduced its stake in NFLX by selling 33,300 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 926,900 shares of NFLX which is valued at $86,294,390. Netflix makes up approx 0.14% of California Public Employees Retirement System’s portfolio.Ibm Retirement Fund reduced its stake in NFLX by selling 1,319 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 53,811 shares of NFLX which is valued at $4,621,827. Netflix makes up approx 0.17% of Ibm Retirement Fund’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.