Gruss Co Inc buys $2.5 Million stake in Netflix (NFLX)

Netflix (NFLX) : Gruss Co Inc scooped up 22,000 additional shares in Netflix during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 29,000 shares of Netflix which is valued at $2.5 Million.Netflix makes up approximately 3.52% of Gruss Co Inc’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in NFLX by selling 327,243 shares or 87.7% in the most recent quarter. The Hedge Fund company now holds 45,898 shares of NFLX which is valued at $4 Million.Winch Advisory Services boosted its stake in NFLX in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 309 shares of Netflix which is valued at $27,155. Netflix makes up approx 0.04% of Winch Advisory Services’s portfolio.Advisor Partners boosted its stake in NFLX in the latest quarter, The investment management firm added 607 additional shares and now holds a total of 6,261 shares of Netflix which is valued at $550,217. Netflix makes up approx 0.21% of Advisor Partners’s portfolio.United Capital Financial Advisers boosted its stake in NFLX in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 13,768 shares of Netflix which is valued at $1.2 Million. Netflix makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Private Wealth Advisors boosted its stake in NFLX in the latest quarter, The investment management firm added 2,807 additional shares and now holds a total of 10,442 shares of Netflix which is valued at $948,551. Netflix makes up approx 0.51% of Private Wealth Advisors’s portfolio.

Netflix opened for trading at $99 and hit $100.31 on the upside on Wednesday, eventually ending the session at $100.2, with a gain of 2.36% or 2.31 points. The heightened volatility saw the trading volume jump to 1,52,04,806 shares. Company has a market cap of $42,915 M.

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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