Zevenbergen Capital Investments Lowers stake in Netflix (NFLX)

Netflix (NFLX) : Zevenbergen Capital Investments reduced its stake in Netflix by 2.29% during the most recent quarter end. The investment management company now holds a total of 1,316,831 shares of Netflix which is valued at $115.7 Million after selling 30,858 shares in Netflix , the firm said in a disclosure report filed with the SEC on May 11, 2016.Netflix makes up approximately 5.43% of Zevenbergen Capital Investments’s portfolio.

Other Hedge Funds, Including , Huntington Asset Advisors sold out all of its stake in NFLX during the most recent quarter. The investment firm sold 84 shares of NFLX which is valued $7,382.Blackrock Group Ltd boosted its stake in NFLX in the latest quarter, The investment management firm added 54,156 additional shares and now holds a total of 3,127,558 shares of Netflix which is valued at $274.8 Million. Netflix makes up approx 0.15% of Blackrock Group Ltd’s portfolio. Roble Belko Company Inc added NFLX to its portfolio by purchasing 96 company shares during the most recent quarter which is valued at $8,436.State Of Wisconsin Investment Board boosted its stake in NFLX in the latest quarter, The investment management firm added 32,470 additional shares and now holds a total of 566,546 shares of Netflix which is valued at $51.5 Million. Netflix makes up approx 0.20% of State Of Wisconsin Investment Board’s portfolio.Sii Investments Incwi boosted its stake in NFLX in the latest quarter, The investment management firm added 1,377 additional shares and now holds a total of 5,601 shares of Netflix which is valued at $504,258. Netflix makes up approx 0.05% of Sii Investments Incwi’s portfolio.

Netflix opened for trading at $87.56 and hit $90 on the upside on Monday, eventually ending the session at $89.12, with a gain of 1.41% or 1.24 points. The heightened volatility saw the trading volume jump to 1,12,47,812 shares. Company has a market cap of $38,169 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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