Weatherly Asset Management Decreased Its Stake in Netflix INC (NFLX) by $3.43 Million; Shares Rose

June 27, 2018 - By Gwen Gough

Netflix, Inc. (NASDAQ:NFLX) Corporate LogoBig Money Sentiment decreased to 1.23 in 2018 Q1. It has change of 0.08, from 2017Q4’s 1.31. The ratio dived due to NFLX positioning: 47 sold and 310 reduced. 156 funds took holdings and 283 increased holdings. Investors holded 344.43 million in 2017Q4 but now own 329.43 million shares or 4.36% less. Badgley Phelps And Bell stated it has 1.02% in Netflix, Inc. (NASDAQ:NFLX). Grubman Wealth Management accumulated 1,054 shs or 0.22% of the stock. Pacific Investment Mngmt Company, California-based fund reported 1,155 shs. The Florida-based Raymond James Financial Services has invested 0.18% in Netflix, Inc. (NASDAQ:NFLX). Fort Point Cap Limited Liability holds 0.23% or 2,872 shs in its capital. Moore Capital Mgmt Ltd Partnership accumulated 20,000 shs. 39,762 are owned by Norinchukin Bancshares The. Churchill Mngmt Corp invested in 87,146 shs or 0.75% of the stock. Ing Groep Nv holds 3,991 shs or 0.02% of its capital. Illinois-based Equitec Proprietary Limited Liability Co has invested 0.47% in Netflix, Inc. (NASDAQ:NFLX). 8,992 were reported by Global X Mgmt Co Lc. Weatherly Asset Management Ltd Partnership has 100,663 shs. Smithfield owns 178 shs. Hm Management Lc reported 6,725 shs. Hartford Fincl Management owns 741 shs for 0.11% of their capital.

NFLX registered $233.57 million net activity with 0 insider buys and 56 insider sales since January 3, 2018. 86,037 shs valued at $28.37 million were sold by HASTINGS REED on Monday, May 21. WELLS DAVID B also sold $351,610 worth of Netflix, Inc. (NASDAQ:NFLX) on Tuesday, May 29. On Monday, June 4 1,925 shs were sold by KILGORE LESLIE J, worth $704,537. BATTLE A GEORGE sold $2.77 million worth of stock. On Thursday, May 10 a trade for 11,984 shs valued at $3.97M was made by HALEY TIMOTHY M. On Tuesday, January 16 a trade for 8,533 shs valued at $1.92M was made by Peters Gregory K.

According to 2018Q1 SEC form the Weatherly Asset Management decreased its stake in Netflix Inc (NFLX) by 10.35%. The company’s stock rose 19.42% while stock markets declined as Weatherly Asset Management sold 11,620 shares. The institutional investor is holding 100,663 shares, compared to the 112,283 from the previous quarter. And the announced value of the consumer services company is $29.73 million for the 2018Q1. Weatherly Asset Management has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Netflix, Inc. (NASDAQ:NFLX)’s quarterly earnings will be announced on July, 16., according to RTT. Analysts expect change of 433.33 % or $0.65 from previous year’s $0.15 EPS compared to current’s $0.80 EPS. NFLX’s profit could reach $347.75 million with 127.16 P/E in case $0.80 EPS is announced. Last quarter $0.64 EPS was reported. Analysts sees 25.00 % EPS growth this quarter.

For more Netflix, Inc. (NASDAQ:NFLX) news published recently go to: Seekingalpha.com, Nasdaq.com, Investorplace.com, Marketwatch.com or Nasdaq.com. The titles are as follows: “What Is A Fair Price For Netflix?” published on June 26, 2018, “Wish You’d Bought Netflix at the Beginning? IQ Stock Is Your New Chance” on June 26, 2018, “Can Netflix Hit $500?” with a publish date: June 25, 2018, “Opinion: Why Amazon, Netflix and Tesla shares may get an extra bump until the end of June” and the last “Netflix (NFLX) to Bring Minecraft: Story Mode, But Says No to Gaming” with publication date: June 14, 2018.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

In total 35 analysts cover Netflix (NASDAQ:NFLX). “Buy” rating has 24, “Sell” are 1, while 10 are “Hold”. (NASDAQ:NFLX) has 69% bullish analysts. With $503 highest and $93.0 lowest PT, Netflix has $337.36 average PT or -17.09% below the current ($406.92) price. 65 are the (NASDAQ:NFLX)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, April 17 Monness maintained Netflix, Inc. (NASDAQ:NFLX) with “Buy” rating. On Wednesday, January 24 the company was maintained by BTIG Research. On Tuesday, January 23 the stock of Netflix, Inc. (NASDAQ:NFLX) earned “Hold” rating by Jefferies. In Monday, January 22 report Stifel Nicolaus maintained the stock with “Buy” rating. The stock rating was maintained by Bernstein with “Buy” on Tuesday, April 17. On Tuesday, January 23 Wells Fargo maintained the shares of NFLX in report with “Buy” rating. On Monday, April 16 Canaccord Genuity maintained the shares of NFLX in report with “Buy” rating. On Thursday, March 15 the stock has “Buy” rating by RBC Capital Markets. In Tuesday, April 17 report Bank of America maintained the stock with “Buy” rating. On Monday, April 16 the stock of Netflix, Inc. (NASDAQ:NFLX) has “Hold” rating given by BMO Capital Markets.

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

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