Posted On: 08/17/2016 11:02:55 AM
Post# of 96891
interesting article on Netflix investor:Netflix Lost Cooler Factor, Focusing on Asia
Tiger Global first acquired a stake in the streaming company during the fourth quarter of 2014. The company’s stock price has gained 88% by June 30. Share price have dropped by nearly 23% during the past 12 months. The stock is down over 18% year-to-date.
At the end of the first quarter, Tiger Global was holding $1.84 billion worth of shares in Netflix, according to the fund’s first-quarter 13F filing.
Hedge fund betting big on Netflix, Inc. (NASDAQ:NFLX) include Viking Global and Coatue Management. Viking held 6.29 million shares, worth more than $575 million, as of June 30. Coatue cut its position in the company by 11% during the second quarter, owning 4.96 million shares, valued at around $454 million.
Liberty Global CEO Mike Fries thinks that Netflix has lost its cool factor, and has stopped being a direct competitor or major threat to pay-TV companies. Speaking at a recent London board meeting, Fries made the claim that Netflix isn’t cool anymore, and this is a positive for pay-TV firms. Although the firm continues to grow all over the world, he feels that the streaming giant’s business model is limited
Tiger Global first acquired a stake in the streaming company during the fourth quarter of 2014. The company’s stock price has gained 88% by June 30. Share price have dropped by nearly 23% during the past 12 months. The stock is down over 18% year-to-date.
At the end of the first quarter, Tiger Global was holding $1.84 billion worth of shares in Netflix, according to the fund’s first-quarter 13F filing.
Hedge fund betting big on Netflix, Inc. (NASDAQ:NFLX) include Viking Global and Coatue Management. Viking held 6.29 million shares, worth more than $575 million, as of June 30. Coatue cut its position in the company by 11% during the second quarter, owning 4.96 million shares, valued at around $454 million.
Liberty Global CEO Mike Fries thinks that Netflix has lost its cool factor, and has stopped being a direct competitor or major threat to pay-TV companies. Speaking at a recent London board meeting, Fries made the claim that Netflix isn’t cool anymore, and this is a positive for pay-TV firms. Although the firm continues to grow all over the world, he feels that the streaming giant’s business model is limited
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