Netflix INC (NFLX) Share Price Rose While First Trust Advisors LP Has Cut Position by $64.10 Million

September 8, 2018 - By Jason Dias

Netflix, Inc. (NASDAQ:NFLX) LogoInvestors sentiment decreased to 1.23 in 2018 Q1. Its down 0.08, from 1.31 in 2017Q4. It is negative, 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. Burns J W Co New York has invested 1.6% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Hsbc Holdings Public Limited Co invested 0.16% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Livingston Grp Inc Asset Commerce (Operating As Southport Cap Management) has invested 0.53% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Allsquare Wealth Management Ltd Liability Corporation owns 0.04% invested in Netflix, Inc. (NASDAQ:NFLX) for 161 shares. Fjarde Ap owns 121,799 shares. Gateway Inv Advisers Ltd Company has 229,767 shares. Ashfield Capital Partners Limited Liability Corp invested 0.47% in Netflix, Inc. (NASDAQ:NFLX). Factory Mutual Ins Co owns 58,300 shares. Carroll Financial reported 380 shares stake. Wolverine Asset Mngmt Limited Company owns 2,764 shares. Halbert Hargrove Russell Limited Liability Company has 710 shares. Amundi Pioneer Asset Mgmt Incorporated owns 283,418 shares. Nippon Life Global Americas, New York-based fund reported 49,200 shares. Criterion Mgmt Limited Liability Com reported 53,096 shares. Moreover, Horseman Limited has 0.53% invested in Netflix, Inc. (NASDAQ:NFLX) for 9,000 shares.

Since March 6, 2018, it had 0 insider buys, and 42 insider sales for $216.45 million activity. On Wednesday, May 9 WELLS DAVID B sold $466,882 worth of Netflix, Inc. (NASDAQ:NFLX) or 1,420 shares. 111,391 shares were sold by SARANDOS THEODORE A, worth $40.10 million. 86,037 shares were sold by HASTINGS REED, worth $28.37 million. 11,984 shares valued at $3.97 million were sold by HALEY TIMOTHY M on Thursday, May 10. 38,976 shares were sold by HYMAN DAVID A, worth $14.47 million. Shares for $421,892 were sold by KILGORE LESLIE J on Friday, June 15.

First Trust Advisors Lp decreased its stake in Netflix Inc (NFLX) by 10.98% based on its latest 2018Q1 regulatory filing with the SEC. First Trust Advisors Lp sold 217,304 shares as the company’s stock rose 19.42% while stock markets declined. The institutional investor held 1.76 million shares of the consumer services company at the end of 2018Q1, valued at $520.60 million, down from 1.98 million at the end of the previous reported quarter. First Trust Advisors Lp who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $151.84B market cap company. The stock increased 0.64% or $2.22 during the last trading session, reaching $348.68. About 8.82M shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 115.45% since September 8, 2017 and is uptrending. It has outperformed by 102.88% the S&P500.

First Trust Advisors Lp, which manages about $85.44B and $43.55B US Long portfolio, upped its stake in First Tr Exch Trd Alpha Fd I (FGM) by 199,404 shares to 3.82 million shares, valued at $191.02 million in 2018Q1, according to the filing. It also increased its holding in Keycorp New (NYSE:KEY) by 578,826 shares in the quarter, for a total of 2.10 million shares, and has risen its stake in Schwab Charles Corp New (NYSE:SCHW).

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on October, 15. They expect $0.68 earnings per share, up 134.48 % or $0.39 from last year’s $0.29 per share. NFLX’s profit will be $296.11 million for 128.19 P/E if the $0.68 EPS becomes a reality. After $0.85 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Nasdaq.com which released: “Will Apple Video Take Down Netflix?” on September 07, 2018, also Nasdaq.com with their article: “4 Growth Stocks to Buy Instead of iQiyi” published on September 04, 2018, Nasdaq.com published: “A Perfect Storm Forming Over AT&T Stock Could Rain Massive Profits” on September 08, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “Netflix And The Competition” published on September 04, 2018 as well as Nasdaq.com‘s news article titled: “Buy Disney Stock Because Disney Streaming Will Be Huge” with publication date: September 07, 2018.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 35 analysts covering Netflix (NASDAQ:NFLX), 24 have Buy rating, 2 Sell and 9 Hold. Therefore 69% are positive. Netflix had 61 analyst reports since March 9, 2018 according to SRatingsIntel. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Friday, June 1 by RBC Capital Markets. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Thursday, May 17 by GBH Insights. The firm earned “Sell” rating on Thursday, April 12 by Wedbush. Wedbush maintained the shares of NFLX in report on Tuesday, April 17 with “Underperform” rating. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Overweight” rating given on Tuesday, April 17 by Morgan Stanley. Bank of America maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 17. Bank of America has “Buy” rating and $347 target. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Piper Jaffray on Tuesday, June 19. BMO Capital Markets maintained Netflix, Inc. (NASDAQ:NFLX) on Monday, April 16 with “Hold” rating. The rating was maintained by KeyBanc Capital Markets on Tuesday, July 17 with “Overweight”. Bernstein maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, April 17 with “Buy” rating.

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

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