Netflix INC (NFLX) Shareholder Hillman Co Has Decreased Stake as Market Valuation Declined

November 10, 2018 - By Adrian Mccoy

Netflix, Inc. (NASDAQ:NFLX) LogoInvestors sentiment increased to 1.31 in 2018 Q2. Its up 0.08, from 1.23 in 2018Q1. It improved, as 56 investors sold NFLX shares while 300 reduced holdings. 149 funds opened positions while 319 raised stakes. 313.87 million shares or 4.72% less from 329.43 million shares in 2018Q1 were reported. Sumitomo Life Insurance reported 0.62% stake. Adell Harriman Carpenter Inc reported 15,734 shares. Doheny Asset Mngmt Ca has 7,270 shares for 1.54% of their portfolio. Neumann Cap Mgmt Limited Liability Corp owns 3,517 shares or 0.86% of their US portfolio. Twin Tree Mgmt LP holds 0.08% or 31,966 shares. Moreover, Natl Bank Pictet Cie (Asia) Ltd has 0.16% invested in Netflix, Inc. (NASDAQ:NFLX) for 910 shares. Buckingham Asset Management Ltd Company owns 2,437 shares. Natl Mutual Federation Of Agricultural Cooperatives holds 0.04% or 8,900 shares. 536 are owned by Partnervest Advisory Ser Ltd Llc. Vigilant Cap Ltd Limited Liability Company holds 0.01% or 101 shares. Cetera Advsr Lc owns 12,842 shares for 0.29% of their portfolio. Sterling Capital Llc holds 1,699 shares or 0.01% of its portfolio. Bank & Trust has invested 0.94% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Hoertkorn Richard Charles owns 55 shares. Usa Financial Portformulas Corporation invested in 1.76% or 24,578 shares.

Since May 14, 2018, it had 0 insider buys, and 36 sales for $160.64 million activity. HYMAN DAVID A had sold 38,976 shares worth $14.47M. 6,062 shares were sold by Peters Gregory K, worth $2.42M on Tuesday, June 19. 700 shares valued at $241,343 were sold by BARTON RICHARD N on Thursday, September 6. KILGORE LESLIE J also sold $189,272 worth of Netflix, Inc. (NASDAQ:NFLX) shares. Another trade for 75,656 shares valued at $27.21M was sold by HASTINGS REED. On Monday, July 23 SARANDOS THEODORE A sold $40.10M worth of Netflix, Inc. (NASDAQ:NFLX) or 111,391 shares.

Hillman Co decreased its stake in Netflix Inc (NFLX) by 48.46% based on its latest 2018Q2 regulatory filing with the SEC. Hillman Co sold 63,059 shares as the company’s stock declined 2.63% while stock markets rallied. The institutional investor held 67,071 shares of the consumer services company at the end of 2018Q2, valued at $26.25M, down from 130,130 at the end of the previous reported quarter. Hillman Co who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $132.34 billion market cap company. The stock decreased 4.55% or $14.45 during the last trading session, reaching $303.47. About 13.48 million shares traded or 11.81% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 99.81% since November 10, 2017 and is uptrending. It has outperformed by 84.19% the S&P500.

Hillman Co, which manages about $359.87M US Long portfolio, upped its stake in Apollo Global Management Llc (NYSE:APO) by 99,405 shares to 677,448 shares, valued at $21.59M in 2018Q2, according to the filing.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 28. They expect $0.24 earnings per share, down 41.46 % or $0.17 from last year’s $0.41 per share. NFLX’s profit will be $104.66 million for 316.11 P/E if the $0.24 EPS becomes a reality. After $0.89 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts -73.03 % negative EPS growth.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Fool.com which released: “What Disney’s Green Light From Europe for Its Fox Acquisition Means” on November 10, 2018, also Seekingalpha.com with their article: “Can Apple Have A Say In The Streaming Industry?” published on November 07, 2018, Seekingalpha.com published: “Is Netflix’s Content An Asset Or Liability?” on October 23, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “This Famed Professor Thinks Netflix Is Only Worth $172 a Share. Is He Right?” published on November 06, 2018 as well as Nasdaq.com‘s news article titled: “Is Now the Perfect Time to Buy Disney Stock?” with publication date: November 08, 2018.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 26 analysts covering Netflix (NASDAQ:NFLX), 22 have Buy rating, 0 Sell and 4 Hold. Therefore 85% are positive. Netflix has $503 highest and $333 lowest target. $417.58’s average target is 37.60% above currents $303.47 stock price. Netflix had 39 analyst reports since May 15, 2018 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Thursday, July 12. The rating was maintained by Goldman Sachs on Monday, October 15 with “Buy”. Macquarie Research maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, July 17 with “Outperform” rating. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, October 17. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Stifel Nicolaus on Tuesday, July 17. Stifel Nicolaus maintained the shares of NFLX in report on Friday, October 12 with “Buy” rating. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, July 17. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by SunTrust on Friday, August 24. The company was downgraded on Monday, July 16 by Buckingham Research. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Piper Jaffray on Tuesday, June 19.

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

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