These Big Investors Reduce Q3 Interest in Netflix Stock

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Netflix, Inc. (NASDAQ:NFLX).

SEC data indicate that these insiders have sold Netflix, Inc.’s stock since 06/30/2011:

  • Barton Richard N: act as Director. On 07/27/2011, sold 9,620 shares, worth $2,613,600.
  • Sarandos Theodore A: act as Chief Content Officer. On 08/08/2011, sold 7,410 shares, worth $1,704,000.
  • Hastings Reed: act as CEO. On 07/14/2011, sold 5,000 shares, worth $1,497,500. On 07/07/2011, sold 5,000 shares, worth $1,466,000. On 07/21/2011, sold 5,000 shares, worth $1,409,000.

SEC data indicate that these institutions significantly reduced their stock shares of Netflix, Inc. in Q3 2011:

  • TIGER GLOBAL MANAGEMENT LLC: On 06/30/2011, held 1,030,000 shares, worth $270,570,700. On 09/30/2011, held 0 shares.
  • NEUBERGER BERMAN GROUP LLC: On 06/30/2011, held 949,937 shares, worth $249,538,951. On 09/30/2011, held 0 shares.
  • IVORY INVESTMENT MANAGEMENT. L.P.: On 06/30/2011, held 908,300 shares, worth $238,601,327. On 09/30/2011, held 0 shares.
  • LONE PINE CAPITAL LLC: On 06/30/2011, held 639,421 shares, worth $167,969,502. On 09/30/2011, held 0 shares.
  • CALAMOS ADVISORS LLC: On 06/30/2011, held 480,885 shares, worth $126,323,681. On 09/30/2011, held 0 shares.

About the 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.

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

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