Netflix, Inc. (NASDAQ:NFLX)’s stock is buzzing this week, with its price witnessing a jump of more than 24% to $217.12 a share at the time of this writing. Netflix’s total trading volume was also up 100% over its daily average yesterday, and investors haven’t given those gains back today. Just to remind you, Netflix, Inc. (NASDAQ:NFLX) came up with its quarterly earnings figures and the key takeaways are below:
1. Netflix’s U.S. streaming business recorded strong growth in Q1 with new subscriptions of over 2 million members.
2. Netflix reported revenue of $1.024 billion against a year on year (yoy) figure of $870 million.
3. The company managed to report operating income of $32 million against a loss of $2 million during the same period last year.
4. Net income for the first quarter was $3 million against a loss of $5 million during the same period last year.
5. Earnings per share (EPS) for the current quarter was $0.05 a share against a negative figure of $0.08 per share year-over-year.
Among the various hedge funds invested in Netflix, Inc. (NASDAQ:NFLX), Carl Icahn of Icahn Capital LP held the largest stake in the company with 5,541,066 shares worth $1,203 million. The stock also witnessed an increase in interest from other hedge funds, with many taking fresh positions in Netflix, Inc. (NASDAQ:NFLX) shares.
Photo Credit: Michel Ngilen
This includes Philippe Laffont of Coatue Management, Christopher Lord of Criterion Capital, Brian Kelly of Asian Century Quest, Christopher Medlock James of Partner Fund Management, Phill Gross And Robert Atchinson of Adage Capital Management and Jonathan Auerbach of Hound Partners.
Let’s check out the list of top 10 hedge funds invested in Netflix: