Logan Capital Management INC Has Trimmed Its Netflix (NFLX) Holding by $3.07 Million; Stock Value Rose

May 26, 2018 - By Winifred Garcia

Netflix, Inc. (NASDAQ:NFLX) LogoInvestors sentiment increased to 1.31 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It improved, as 53 investors sold NFLX shares while 244 reduced holdings. 107 funds opened positions while 281 raised stakes. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported. 1,400 were accumulated by Sfe Inv Counsel. Moreover, Canada Pension Plan Investment Board has 0.02% invested in Netflix, Inc. (NASDAQ:NFLX). Moors And Cabot has 1,685 shares. Logan Mgmt invested in 1.93% or 143,562 shares. 6,937 were reported by Hm Cap Mngmt Ltd. Millennium Mgmt Ltd Co reported 84,298 shares or 0.02% of all its holdings. Employees Retirement Systems Of Texas holds 0.2% or 81,900 shares in its portfolio. Webster Bank & Trust N A holds 0.01% or 508 shares in its portfolio. Bristol John W And Co stated it has 1.48% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Ameriprise Fincl holds 0.04% or 405,819 shares. First Mercantile Tru invested in 8,900 shares or 0.33% of the stock. Assetmark holds 0.03% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 14,395 shares. Nelson Van Denburg Campbell Wealth Management Grp Inc stated it has 0% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Sns Financial Grp Ltd Liability Company stated it has 0.08% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Rafferty Asset Management Ltd Limited Liability Company has 0.03% invested in Netflix, Inc. (NASDAQ:NFLX).

Since December 11, 2017, it had 0 buys, and 41 selling transactions for $188.26 million activity. BARTON RICHARD N sold $147,886 worth of stock or 700 shares. BATTLE A GEORGE sold $3.10M worth of Netflix, Inc. (NASDAQ:NFLX) on Tuesday, May 1. WELLS DAVID B had sold 1,000 shares worth $327,110 on Monday, May 21. SARANDOS THEODORE A sold $43.05 million worth of stock or 163,747 shares. HALEY TIMOTHY M sold 11,984 shares worth $3.97 million. $28.37M worth of stock was sold by HASTINGS REED on Monday, May 21.

Logan Capital Management Inc decreased its stake in Netflix (NFLX) by 10.06% based on its latest 2017Q4 regulatory filing with the SEC. Logan Capital Management Inc sold 16,065 shares as the company’s stock rose 58.31% while stock markets declined. The institutional investor held 143,562 shares of the consumer services company at the end of 2017Q4, valued at $27.56M, down from 159,627 at the end of the previous reported quarter. Logan Capital Management Inc who had been investing in Netflix for a number of months, seems to be less bullish one the $152.70B market cap company. The stock increased 0.57% or $2 during the last trading session, reaching $351.29. About 7.59M shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since May 26, 2017 and is uptrending. It has outperformed by 97.18% the S&P500.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on July, 16. They expect $0.80 EPS, up 433.33 % or $0.65 from last year’s $0.15 per share. NFLX’s profit will be $347.75M for 109.78 P/E if the $0.80 EPS becomes a reality. After $0.64 actual EPS 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: Seekingalpha.com which released: “Is Netflix Uninvestable? 2 Insiders Weigh In” on May 24, 2018, also Livetradingnews.com with their article: “Netflix, Inc. (NASDAQ:NFLX) Stock Overbought” published on May 25, 2018, Investorplace.com published: “Netflix, Inc. Stock Is Ripe for the Picking” on May 22, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Livetradingnews.com and their article: “Netflix, Inc. (NASDAQ:NFLX) Stock Consolidating” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Best And Worst Performing Nasdaq 100 Stocks Of 2018” with publication date: May 25, 2018.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 34 analysts covering Netflix (NASDAQ:NFLX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Netflix had 62 analyst reports since December 4, 2017 according to SRatingsIntel. The rating was maintained by GBH Insights with “Buy” on Thursday, May 17. Credit Suisse maintained the shares of NFLX in report on Tuesday, April 17 with “Hold” rating. The stock has “Buy” rating by Piper Jaffray on Tuesday, May 15. The firm earned “Neutral” rating on Wednesday, January 24 by Robert W. Baird. Robert W. Baird maintained the shares of NFLX in report on Monday, April 2 with “Hold” rating. Credit Suisse maintained the stock with “Hold” rating in Tuesday, January 23 report. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Canaccord Genuity on Monday, April 16. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Monday, January 22 by Canaccord Genuity. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, March 7. The company was maintained on Wednesday, March 28 by Citigroup.

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

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