GTS and other investors increase Netflix stakes; director sells shares
GTS Securities LLC’s Netflix holding was worth $56.45 million after a 178.2% increase in the second quarter, while Brighton Jones LLC and Sivia Capital Partners LLC also raised stakes. Over the quarter, insiders sold 600,295 shares worth $49.06 million, and Director Bradford L. Smith sold 35,990 shares. Market commentary highlights Netflix’s expanding advertising business as a potential recovery catalyst.