Peak6 Investments buys $10.4 Million stake in Netflix (NFLX)

Netflix (NFLX) : Peak6 Investments scooped up 96,505 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 118,690 shares of Netflix which is valued at $10.4 Million.Netflix makes up approximately 0.84% of Peak6 Investments’s portfolio.

Other Hedge Funds, Including , Usa Financial Portformulas Corp sold out all of its stake in NFLX during the most recent quarter. The investment firm sold 96,002 shares of NFLX which is valued $8.4 Million.Profund Advisors reduced its stake in NFLX by selling 10,103 shares or 12.96% in the most recent quarter. The Hedge Fund company now holds 67,848 shares of NFLX which is valued at $6.2 Million. Netflix makes up approx 0.32% of Profund Advisors’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in NFLX in the latest quarter, The investment management firm added 6,321 additional shares and now holds a total of 60,222 shares of Netflix which is valued at $5.5 Million. Netflix makes up approx 0.15% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Thompson Davis reduced its stake in NFLX by selling 1,900 shares or 90.48% in the most recent quarter. The Hedge Fund company now holds 200 shares of NFLX which is valued at $18,168. Netflix makes up approx 0.03% of Thompson Davis’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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