Amazon’s (AMZN) Prime Video Has Netflix (NFLX) Investors Jittery, Plus 3 Other Trending Stocks

Star Wars Propels Toymaker to Huge Quarter

Hasbro, Inc. (NASDAQ:HAS) soundly beat first quarter expectations with earnings of $0.38 per share on revenue of $831.2 million, versus analyst estimates of $0.24 in EPS and $777.11 million in revenue. Hasbro’s U.S. and Canadian revenue jumped by 28% year-over-year to $443.65 million, while its international revenue soared by 13% to $345.04 million. Operating margin leapt by 270 basis points to 10.3%. Issued guidance was strong, with Star Wars merchandise expected to boost revenue and CEO Brian Goldner stating that he is “very encouraged” with overall demand for 2016. 25 funds in our system owned $376.16 million worth of Hasbro, Inc. (NASDAQ:HAS)’s shares accounting for 4.50% of the float on December 31, well up from 22 funds with $250.44 million in shares on September 30. Those shares are more than 5% in the green this morning on the company’s latest results.

Wide Release of Amazon’s Video Streaming Service Has Netflix Investors Jittery

Netflix, Inc. (NASDAQ:NFLX) is getting more competition courtesy of Amazon.com, Inc. (NASDAQ:AMZN), as Amazon is now offering its video streaming service, Prime Video, for $8.99 per month to everyone, one dollar less than Netflix’s most popular plan. Prime Video was formerly only available to subscribers to Amazon’s prime membership program, which charged a fee of $99 per year. We analyzed whether Amazon’s streaming service had surpassed Netflix’s last October, with the verdict being that it had, and was only being held back by its limited availability. Amazon is also now offering its full Prime membership for $10.99 on a monthly basis with no annual contract. Netflix, Inc. (NASDAQ:NFLX) shares are 2% lower while Amazon.com, Inc. (NASDAQ:AMZN) shares are 1.17% higher on the news. Amazon was the fifth-most widely held stock among the hedge funds tracked by Insider Monkey, with 141 elite shareholders of the company at the end of December. Netflix was the 61st-most held stock among that same group of hedge funds, with 64 funds reporting holdings in the video streaming company as of the end of 2015.

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