Netflix INC (NFLX) Stock Price Rose While Sands Capital Management LLC Trimmed Holding by $139.79 Million

June 14, 2018 - By Migdalia James

Netflix, Inc. (NASDAQ:NFLX) LogoInvestors sentiment decreased to 1.23 in Q1 2018. Its down 0.08, from 1.31 in 2017Q4. It dropped, 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. Gofen Glossberg Ltd Il accumulated 10,644 shares. Marshall Wace Llp invested in 0.38% or 30,751 shares. Franklin Resources reported 496,999 shares. Sg Americas Secs Llc reported 129,689 shares or 0.31% of all its holdings. Monetta reported 3,000 shares or 0.47% of all its holdings. Axa reported 92,473 shares. Moreover, Rand Wealth Ltd Com has 0.07% invested in Netflix, Inc. (NASDAQ:NFLX) for 1,965 shares. Hartford Fin stated it has 741 shares or 0.11% of all its holdings. Gabelli Funds Lc invested in 24,600 shares. Meeder Asset Mgmt has invested 0.15% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Gradient Invs Limited Com accumulated 521 shares or 0.01% of the stock. Reilly Fincl Ltd Liability Company owns 688 shares or 0.03% of their US portfolio. Lpl Financial Ltd Liability holds 140,305 shares. Cullen Frost Bankers owns 101,801 shares. Capital One Natl Association reported 0.25% stake.

Since December 18, 2017, it had 0 buys, and 48 selling transactions for $193.78 million activity. 75,369 shares were sold by HASTINGS REED, worth $17.00M. BARTON RICHARD N also sold $225,295 worth of Netflix, Inc. (NASDAQ:NFLX) shares. On Friday, June 1 WELLS DAVID B sold $363,000 worth of Netflix, Inc. (NASDAQ:NFLX) or 1,000 shares. BATTLE A GEORGE also sold $3.10 million worth of Netflix, Inc. (NASDAQ:NFLX) on Tuesday, May 1. Shares for $3.97M were sold by HALEY TIMOTHY M. Another trade for 2,011 shares valued at $437,545 was sold by FRIEDLAND JONATHAN.

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 $1.88B, 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 $170.85B 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 $42.07 billion and $33.81 billion US Long portfolio, upped its stake in Monster Beverage Corp by 1.32 million shares to 11.45 million shares, valued at $655.03M in 2018Q1, according to the filing. It also increased its holding in Verisk Analytics Inc (NASDAQ:VRSK) by 35,040 shares in the quarter, for a total of 105,647 shares, and has risen its stake in Yandex N V (NASDAQ:YNDX).

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 122.82 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: “Apple: Too Big To Miss” on June 13, 2018, also Nasdaq.com with their article: “Why the AT&T Inc. Court Win Does Not Guarantee Domination” published on June 13, 2018, Nasdaq.com published: “Here’s How Netflix Made Warner Bros. Television Fork Over $300 Million” on June 14, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Nasdaq.com and their article: “Embrace That iQiyi, Inc Is Being Called the Netflix of China” published on June 14, 2018 as well as Benzinga.com‘s news article titled: “Goldman Sachs Raises Netflix Price Target To $490, Projects Positive Cash Flow By 2022” 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 firm has “Buy” rating by UBS given on Thursday, April 12. The stock has “Buy” rating by Bernstein on Tuesday, April 17. The firm earned “Hold” rating on Tuesday, January 23 by Jefferies. The stock has “Buy” rating by Wells Fargo on Tuesday, January 23. The firm has “Buy” rating given on Tuesday, April 17 by Cowen & Co. The rating was maintained by BMO Capital Markets on Monday, April 16 with “Hold”. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Thursday, March 15 by RBC Capital Markets. As per Tuesday, January 23, the company rating was maintained by Wedbush. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, April 17 report. On Monday, January 22 the stock rating was maintained by Stifel Nicolaus with “Buy”.

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

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