ETFs Are Net Sellers of Netflix (NFLX) on Tuesday

This article first appeared on GuruFocus .

ETFs sold a net $13.1 million of Netflix ( NFLX ) in Tuesday's session, though more funds traded the other way: 35 ETFs bought shares versus 13 that sold, with the sellers moving larger amounts. The move follows a net $68.1 million of buying on Nov. 2 and $21.2 million on Oct. 30, after a net $34.7 million of selling on Oct. 29 and $57.1 million of buying on Oct. 28. ETF activity in the stock has now turned to net selling for a one-day streak.

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Every ETF and guru trade in NFLX is tracked on the NFLX guru trades page .

Which ETFs sold NFLX on Tuesday?

The largest sellers by dollar value were XLC ($20.1 million), QLD ($7.4 million) and GPIX ($5.9 million). In all, 35 ETFs added shares and 13 cut them.

The largest seller was XLC , which cut 316,664 shares for a $20.1 million reduction, trimming its stake by 2.16% at a 4.3% portfolio weight. QLD shed 116,433 shares worth $7.4 million, a 6.48% stake cut, while GPIX reduced 92,602 shares for $5.9 million, a 59.0% drop in its position. Smaller reductions came from IWF , SSO , SPYG , IWY and QQEW . Netflix sits in the Communication Services sector and Entertainment industry, with a market cap of $272.6 billion.

Have ETFs been buying or selling NFLX lately?

Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.

What does NFLX do?

Netflix is one of the world's leading entertainment services, offering TV series, films, games, and live programming across a wide variety of genres and languages to members in over 190 countries. The company operates as a single segment, deriving revenue primarily from monthly membership fees across a range of streaming plans, including an ad-supported tier that adds advertising revenue.

Netflix reported trailing-12-month revenue of $50.00 billion, up 17.9% over one year, with a gross margin of 51.0% and a net margin of 29.5%. The stock trades at a P/E of 19.18, P/B of 9.31 and P/S of 5.66, against a market cap of $272.6 billion. Its GF Score is 87 and GF Value is $104.78 versus a price of $66.39, and the shares are down 29.19% year to date.