Coatue Management Bearish on Shares of These Companies in Q3

Wall St. Watchdog reveals information regarding significant reduction in shares for Coatue Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Netflix Inc. (NASDAQ:NFLX): On 06/30/2011, Coatue Management reported holding 945,269 shares. On 09/30/2011, Coatue Management reported holding 8,590 shares. The net reduction in shares for this position is 936,679 or 99.09%. About Company: Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
  • Sina Corp. (NASDAQ:SINA): On 06/30/2011, Coatue Management reported holding 2,521,987 shares. On 09/30/2011, Coatue Management reported holding 638,465 shares. The net reduction in shares for this position is 1,883,522 or 74.68%. About Company: SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
  • Priceline.com Incorporated (NASDAQ:PCLN): On 06/30/2011, Coatue Management reported holding 384,950 shares. On 09/30/2011, Coatue Management reported holding 223,939 shares. The net reduction in shares for this position is 161,011 or 41.83%. About Company: Priceline.com Incorporated enables consumers to use the Internet to save money on a variety of products and services. The Company’s product allows customers to name their own price on products or services and communicates that demand directly to participating sellers or to their private databases. Participants include domestic and international airlines, and hotel chains.
  • F5 Networks Inc. (NASDAQ:FFIV): On 06/30/2011, Coatue Management reported holding 1,023,472 shares. On 09/30/2011, Coatue Management reported holding 611,862 shares. The net reduction in shares for this position is 411,610 or 40.22%. About Company: F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company’s software-based solutions manage, control and optimize Internet traffic and content. F5’s solutions automatically deliver Internet content for service providers and e-businesses.
  • Qualcomm Incorporated (NASDAQ:QCOM): On 06/30/2011, Coatue Management reported holding 6,312,950 shares. On 09/30/2011, Coatue Management reported holding 3,992,006 shares. The net reduction in shares for this position is 2,320,944 or 36.76%. About Company: QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.

(Note: Data regarding Coatue Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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