As Netflix INC (NFLX) Stock Price Rose, Holder Sands Capital Management LLC Lowered Stake

June 14, 2018 - By Duane Lopez

Netflix, Inc. (NASDAQ:NFLX) LogoInvestors sentiment decreased to 1.23 in 2018 Q1. Its down 0.08, from 1.31 in 2017Q4. It worsened, as 47 investors sold NFLX shares while 310 reduced holdings. 156 funds opened positions while 283 raised stakes. 329.43 million shares or 4.36% less from 344.43 million shares in 2017Q4 were reported. Bristol John W Company Incorporated Ny stated it has 1.55% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Fifth Third Retail Bank holds 6,200 shares or 0.01% of its portfolio. Goodwin Daniel L has 2,100 shares for 0.3% of their portfolio. Atlantic Gp owns 28,079 shares for 0.04% of their portfolio. The Georgia-based Acg Wealth has invested 1.15% in Netflix, Inc. (NASDAQ:NFLX). Natixis Advsrs Lp accumulated 30,477 shares. 6,725 are held by Hm Management Limited Liability Company. 17,208 were reported by Liberty Mutual Group Asset Mgmt Incorporated. 775 were accumulated by Beech Hill Inc. Suntrust Banks accumulated 33,739 shares. Svcs Corporation holds 0.11% or 741 shares in its portfolio. Comerica Savings Bank holds 0.26% or 109,430 shares in its portfolio. Soros Fund Mngmt Limited Co reported 1.06% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Ing Groep Nv has invested 0.02% in Netflix, Inc. (NASDAQ:NFLX). First Western Capital accumulated 1,219 shares.

Since December 18, 2017, it had 0 insider buys, and 48 selling transactions for $193.78 million activity. 700 shares were sold by BARTON RICHARD N, worth $227,007 on Monday, April 23. $562,716 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by KILGORE LESLIE J. Peters Gregory K had sold 7,133 shares worth $2.50 million on Thursday, May 24. 1,000 shares valued at $327,110 were sold by WELLS DAVID B on Monday, May 21. FRIEDLAND JONATHAN sold $218,817 worth of stock. 10,716 shares valued at $2.77M were sold by BATTLE A GEORGE on Tuesday, February 13.

Sands Capital Management Llc decreased its stake in Netflix Inc (NFLX) by 6.93% based on its latest 2018Q1 regulatory filing with the SEC. Sands Capital Management Llc sold 473,879 shares as the company’s stock rose 19.42% while stock markets declined. The institutional investor held 6.37 million shares of the consumer services company at the end of 2018Q1, valued at $1.88 billion, down from 6.84 million at the end of the previous reported quarter. Sands Capital Management Llc who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $170.85 billion market cap company. The stock increased 3.45% or $13.0975 during the last trading session, reaching $393.0275. About 13.61 million shares traded or 45.38% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 115.45% since June 14, 2017 and is uptrending. It has outperformed by 102.88% the S&P500.

Sands Capital Management Llc, which manages about $42.07B and $33.81 billion US Long portfolio, upped its stake in Intercontinental Exchange In (NYSE:ICE) by 57,165 shares to 172,551 shares, valued at $12.51M in 2018Q1, according to the filing. It also increased its holding in Zoetis Inc (NYSE:ZTS) by 44,071 shares in the quarter, for a total of 172,460 shares, and has risen its stake in Dollar Gen Corp (NYSE:DG).

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on July, 16. They expect $0.80 earnings per share, up 433.33 % or $0.65 from last year’s $0.15 per share. NFLX’s profit will be $347.75M for 122.82 P/E if the $0.80 EPS becomes a reality. After $0.64 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Investorplace.com which released: “Netflix (NFLX) to Bring Minecraft: Story Mode, But Says No to Gaming” on June 14, 2018, also Fool.com with their article: “Netflix’s First Comic Book Is Poised to Break a 20-Year-Old Record” published on June 14, 2018, Benzinga.com published: “Citron Says Netflix Bulls Need A ‘Reality Check'” on June 14, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Benzinga.com and their article: “Goldman Sachs Raises Netflix Price Target To $490, Projects Positive Cash Flow By 2022” published on June 13, 2018 as well as Nasdaq.com‘s news article titled: “Why the AT&T Inc. Court Win Does Not Guarantee Domination” with publication date: June 13, 2018.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 32 analysts covering Netflix (NASDAQ:NFLX), 21 have Buy rating, 1 Sell and 10 Hold. Therefore 66% are positive. Netflix had 61 analyst reports since January 2, 2018 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Wednesday, April 11. Citigroup maintained the stock with “Neutral” rating in Wednesday, March 28 report. On Tuesday, April 17 the stock rating was maintained by Robert W. Baird with “Neutral”. The company was maintained on Tuesday, January 23 by Jefferies. The firm has “Buy” rating by BTIG Research given on Wednesday, January 24. Cowen & Co maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 17. Cowen & Co has “Buy” rating and $37500 target. The rating was maintained by Monness with “Buy” on Tuesday, April 17. The stock has “Sell” rating by Wedbush on Thursday, April 12. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Monday, April 9 by J.P. Morgan. The firm has “Buy” rating given on Tuesday, January 9 by Bank of America.

Netflix, Inc. (NASDAQ:NFLX) Institutional Positions Chart

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