Most Searched Stocks Among Financial Advisors Show Tech and Consumer Sectors in Spotlight

Netflix, Inc. (NASDAQ:NFLX) jumped several positions and ranked as the second most-searched ticker among financial advisors, compared to the 14th spot a week earlier. The main news last week involved the launch of Netflix worldwide, the service now covering most countries in the world. The only disappointing exception from the list was China, where Netflix is not available (as well as North Korea, Syria and Crimea). However, China is a market that is still pursued by Netflix, Inc. (NASDAQ:NFLX), although there are many regulatory hurdles along the way. Despite the positive news, Netflix’s stock has lost around 7% since the beginning of the year, dragged by the overall market sentiment.

Smart money investors like Netflix, mainly due to its focus on the long-term. In the past 52 weeks, Netflix’s stock more than doubled, as the company missed the bottom line estimates in two quarters, but posted a significant earnings surprise in the other two. Among the investors in our database, 57 reported long positions in the company as of the end of September, versus 50 funds a quarter earlier. Moreover, these investors held almost 15% of the company’s outstanding stock at the end of the third quarter. Chase Coleman remains one of the Netflix, Inc. (NASDAQ:NFLX)’s biggest fans, with Tiger Global Management holding around 18 million shares, according to its last 13F filing.