Weatherly Asset Management L. P. buys $11,810,565 stake in NETFLIX.COM INC COM (NFLX)

NETFLIX.COM INC COM (NFLX) : Weatherly Asset Management L. P. scooped up 395 additional shares in NETFLIX.COM INC COM 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 123,155 shares of NETFLIX.COM INC COM which is valued at $11,810,565.NETFLIX.COM INC COM makes up approximately 4.02% of Weatherly Asset Management L. P.’s portfolio.

NETFLIX.COM INC COM 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.Next Financial Group Inc boosted its stake in NFLX in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 1,863 shares of NETFLIX.COM INC COM which is valued at $178,662. NETFLIX.COM INC COM makes up approx 0.06% of Next Financial Group Inc’s portfolio.Private Trust Co Na boosted its stake in NFLX in the latest quarter, The investment management firm added 1,213 additional shares and now holds a total of 4,089 shares of NETFLIX.COM INC COM which is valued at $392,135. NETFLIX.COM INC COM makes up approx 0.10% of Private Trust Co Na’s portfolio.Prospera Financial Services Inc reduced its stake in NFLX by selling 7,319 shares or 29.12% in the most recent quarter. The Hedge Fund company now holds 17,816 shares of NFLX which is valued at $1,986,662. NETFLIX.COM INC COM makes up approx 0.44% of Prospera Financial Services Inc’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.COM INC COM which is valued at $10,132,133. NETFLIX.COM INC COM makes up approx 0.23% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, NETFLIX.COM INC COM 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.COM INC COM. 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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