Johanson Financial Advisors Lowers stake in Netflix (NFLX)

Netflix (NFLX) : Johanson Financial Advisors reduced its stake in Netflix by 1.62% during the most recent quarter end. The investment management company now holds a total of 2,435 shares of Netflix which is valued at $247,079 after selling 40 shares in Netflix , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Netflix makes up approximately 0.27% of Johanson Financial Advisors’s portfolio.

Other Hedge Funds, Including , Harwood Advisory Group reduced its stake in NFLX by selling 830 shares or 14.0% in the most recent quarter. The Hedge Fund company now holds 5,100 shares of NFLX which is valued at $517,497. Netflix makes up approx 0.41% of Harwood Advisory Group’s portfolio.Nisa Investment Advisors reduced its stake in NFLX by selling 265 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 141,225 shares of NFLX which is valued at $14,205,823. Netflix makes up approx 0.19% of Nisa Investment Advisors’s portfolio.British Columbia Investment Management Corp reduced its stake in NFLX by selling 29,453 shares or 11.4% in the most recent quarter. The Hedge Fund company now holds 228,986 shares of NFLX which is valued at $23,033,702. Netflix makes up approx 0.24% of British Columbia Investment Management Corp’s portfolio.Bristol John W Co Inc Ny reduced its stake in NFLX by selling 11,467 shares or 3.14% in the most recent quarter. The Hedge Fund company now holds 353,775 shares of NFLX which is valued at $36,555,571. Netflix makes up approx 1.00% of Bristol John W Co Inc Ny’s portfolio.Kelman-lazarov reduced its stake in NFLX by selling 450 shares or 10.65% in the most recent quarter. The Hedge Fund company now holds 3,775 shares of NFLX which is valued at $390,071. Netflix makes up approx 0.22% of Kelman-lazarov’s portfolio.

Netflix opened for trading at $101.59 and hit $102.099 on the upside on Friday, eventually ending the session at $101.47, with a gain of 1.24% or 1.24 points. The heightened volatility saw the trading volume jump to 95,31,056 shares. Company has a market cap of $43,503 M.

On the company’s financial health, Netflix reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.02. The company had revenue of $1966.00 million for the quarter, compared to analysts expectations of $2109.96 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Netflix. Deutsche Bank Initiated Netflix on Oct 10, 2016 to “Sell”, Price Target of the shares are set at $90.Company shares were Reiterated by JP Morgan on Sep 27, 2016 to “Overweight”, Firm has raised the Price Target to $ 125 from a previous price target of $116 .Netflix was Downgraded by Macquarie to ” Underperform” on Sep 13, 2016.

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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