cathie wood’s money managing firm ark investment management on wednesday further lowered its exposure in the streaming videoondemand company netflix inc nasdaq nflx ahead of its quarterly earnings report ark invest sold 3000 shares estimated to be worth 15 million based on the latest closing price in netflix on wednesday netflix shares closed 09 higher at 5158 a share on wednesday the stock is down 136 so far this year and is on pace to record its worst monthly performance since october 2018 the st petersburg floridabased ark invest sold shares in the video streaming company via the ark space exploration  innovation etf bats arkx no other ark invest etf currently owns shares in netflix see also read how analysts view netflix ahead of quarterly results ark invest had in july trimmed its stake in the videoondemand company just days after spelling out a bull’s case on the stock at the time it said that netflix would see a “meaningful increment” in revenue if it managed to grab a “fraction” of the highlycompetitive videogaming market netflix is scheduled to announce its quarterly financial results after the market closes on thursday bofa securities analyst nat schindler has maintained a buy rating on netflix with a price target of 750 here are a few other key ark invest trades on wednesday   sold 584565 shares estimated to be worth 32 million in skillz inc nyse sklz on the dip shares of the company closed 19 lower at 55 a share on wednesday