Appleton Partners Incma buys $2,291,051 stake in Netflix (NFLX)

Netflix (NFLX) : Appleton Partners Incma scooped up 11,755 additional shares in Netflix during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 23,890 shares of Netflix which is valued at $2,291,051.Netflix makes up approximately 0.45% of Appleton Partners Incma’s portfolio.

Netflix closed down -1.39 points or -1.50% at $91.04 with 1,22,18,929 shares getting traded on Wednesday. Post opening the session at $92.18, the shares hit an intraday low of $90.21 and an intraday high of $92.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in NFLX during the most recent quarter. The investment firm sold 554,629 shares of NFLX which is valued $53,188,921.Centurylink Investment Management Co reduced its stake in NFLX by selling 288 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 7,529 shares of NFLX which is valued at $722,031. Netflix makes up approx 0.26% of Centurylink Investment Management Co’s portfolio.Kanaly Trust Co reduced its stake in NFLX by selling 42 shares or 21.65% in the most recent quarter. The Hedge Fund company now holds 152 shares of NFLX which is valued at $16,950.British Columbia Investment Management Corp reduced its stake in NFLX by selling 60,226 shares or 19.48% in the most recent quarter. The Hedge Fund company now holds 249,014 shares of NFLX which is valued at $25,568,758. Netflix makes up approx 0.24% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Netflix reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.03. The company had revenue of $1957.70 million for the quarter, compared to analysts expectations of $1965.76 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Netflix. Shares were Reiterated by UBS on Apr 25, 2016 to “Buy” and Lowered the Price Target to $ 141 from a previous price target of $147 .Shares were Reiterated by Mizuho on Apr 19, 2016 to “Neutral” and Lowered the Price Target to $ 109 from a previous price target of $120 .Shares were Reiterated by Pivotal Research Group on Apr 19, 2016 to “Buy” and Lowered the Price Target to $ 145 from a previous price target of $155 .

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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