Mission Wealth Management adds Netflix (NFLX) to its portfolio

Netflix (NFLX) : Mission Wealth Management added new position in Netflix during the most recent quarter end. The investment management firm now holds 13,400 shares of Netflix which is valued at $1,494,234 , the company said in a statement filed on Apr 15, 2016 with the SEC.Netflix makes up approximately 0.40% of Mission Wealth Management’s portfolio.

Netflix closed down -1.79 points or -1.85% at $94.98 with 1,99,19,415 shares getting traded on Wednesday. Post opening the session at $97.31, the shares hit an intraday low of $94.78 and an intraday high of $97.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Piershale Financial Group boosted its stake in NFLX in the latest quarter, The investment management firm added 81 additional shares and now holds a total of 200 shares of Netflix which is valued at $22,302. Netflix makes up approx 0.01% of Piershale Financial Group’s portfolio.Benjamin F. Edwards Company boosted its stake in NFLX in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 2,848 shares of Netflix which is valued at $317,580. Netflix makes up approx 0.07% of Benjamin F. Edwards Company’s portfolio.Gradient Investments boosted its stake in NFLX in the latest quarter, The investment management firm added 3,059 additional shares and now holds a total of 3,644 shares of Netflix which is valued at $406,342. Netflix makes up approx 0.05% of Gradient Investments’s portfolio.Atalanta Sosnoff Capital boosted its stake in NFLX in the latest quarter, The investment management firm added 20,012 additional shares and now holds a total of 77,117 shares of Netflix which is valued at $8,599,317. Netflix makes up approx 0.27% of Atalanta Sosnoff Capital’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in NFLX in the latest quarter, The investment management firm added 12,053 additional shares and now holds a total of 90,863 shares of Netflix which is valued at $10,132,133. Netflix makes up approx 0.23% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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 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 .Shares were Reiterated by Topeka Capital Markets on Apr 19, 2016 to “Buy” and Lowered the Price Target to $ 139 from a previous price target of $142 .

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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