Traynor Capital Management buys $3,099,872 stake in Netflix (NFLX)

Netflix (NFLX) : Traynor Capital Management scooped up 1,195 additional shares in Netflix during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 32,324 shares of Netflix which is valued at $3,099,872.Netflix makes up approximately 2.41% of Traynor Capital Management’s portfolio.

Netflix opened for trading at $94.847 and hit $96.69 on the upside on Friday, eventually ending the session at $95.9, with a gain of 0.97% or 0.92 points. The heightened volatility saw the trading volume jump to 1,58,06,320 shares. Company has a market cap of $41,073 M.

Other Hedge Funds, Including , Cwm added NFLX to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $9,590. Mission Wealth Management added NFLX to its portfolio by purchasing 13,400 company shares during the most recent quarter which is valued at $1,494,234. Netflix makes up approx 0.40% of Mission Wealth Management’s portfolio.Gemmer Asset Management boosted its stake in NFLX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 248 shares of Netflix which is valued at $27,654. Netflix makes up approx 0.02% of Gemmer Asset Management’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.Capstone Asset Management Co reduced its stake in NFLX by selling 11,391 shares or 28.87% in the most recent quarter. The Hedge Fund company now holds 28,072 shares of NFLX which is valued at $3,130,309. Netflix makes up approx 0.09% of Capstone Asset Management Co’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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