Technology Crossover Management Vii LTD Lowered Its Position in Netflix (NFLX) by $95.50 Million; Sta Wealth Management Cut Stake in Applied Matls (AMAT) by $354,654 as Market Valuation Rose

April 23, 2018 - By Stephen Andrade

Netflix, Inc. (NASDAQ:NFLX) Logo

Technology Crossover Management Vii Ltd decreased its stake in Netflix Inc. (NFLX) by 9.93% based on its latest 2017Q4 regulatory filing with the SEC. Technology Crossover Management Vii Ltd sold 500,000 shares as the company’s stock rose 58.31% while stock markets declined. The institutional investor held 4.54 million shares of the consumer services company at the end of 2017Q4, valued at $870.62M, down from 5.04 million at the end of the previous reported quarter. Technology Crossover Management Vii Ltd who had been investing in Netflix Inc. for a number of months, seems to be less bullish one the $138.27 billion market cap company. The stock decreased 2.79% or $9.1364 during the last trading session, reaching $318.6336. About 8.08 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since April 23, 2017 and is uptrending. It has outperformed by 97.18% the S&P500.

Sta Wealth Management Llc decreased its stake in Applied Matls Inc (AMAT) by 30.68% based on its latest 2017Q4 regulatory filing with the SEC. Sta Wealth Management Llc sold 6,954 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 15,709 shares of the technology company at the end of 2017Q4, valued at $803,000, down from 22,663 at the end of the previous reported quarter. Sta Wealth Management Llc who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $52.85 billion market cap company. The stock decreased 1.55% or $0.79 during the last trading session, reaching $50.3. About 9.83M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since April 23, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Since December 29, 2017, it had 0 buys, and 4 selling transactions for $10.41 million activity. Another trade for 15,000 shares valued at $922,050 was sold by Iannotti Thomas J. 125,125 shares were sold by Salehpour Ali, worth $6.44 million. $2.83 million worth of stock was sold by Nalamasu Omkaram on Tuesday, January 2.

Sta Wealth Management Llc, which manages about $570.34 million and $373.76 million US Long portfolio, upped its stake in Vanguard Index Fds (VOO) by 11,285 shares to 159,706 shares, valued at $39.17M in 2017Q4, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHO) by 57,521 shares in the quarter, for a total of 66,950 shares, and has risen its stake in Spdr Series Trust (SCPB).

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 EPS, up 43.04% or $0.34 from last year’s $0.79 per share. AMAT’s profit will be $1.19B for 11.13 P/E if the $1.13 EPS becomes a reality. After $1.06 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 6.60% EPS growth.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Applied Materials Inc. had 120 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Monday, February 13 by Cowen & Co. The firm has “Buy” rating by Citigroup given on Monday, November 20. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 16. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, September 13 report. Needham maintained the shares of AMAT in report on Thursday, October 19 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, February 13. The stock has “Neutral” rating by B. Riley & Co on Friday, February 19. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Overweight” rating given on Friday, November 17 by KeyBanc Capital Markets. The rating was maintained by Deutsche Bank on Thursday, August 13 with “Buy”. The firm has “Buy” rating given on Tuesday, January 19 by CLSA.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It dived, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. New Amsterdam Prns Limited Liability invested 0.15% in Applied Materials, Inc. (NASDAQ:AMAT). Research Global Invsts holds 14.10M shares or 0.21% of its portfolio. 27,700 were reported by Anson Funds Management Lp. Dowling Yahnke Limited Liability Corporation reported 0.23% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Nj State Employees Deferred Compensation Plan holds 55,000 shares or 0.49% of its portfolio. North Carolina-based First Personal has invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). Banced invested 1.32% in Applied Materials, Inc. (NASDAQ:AMAT). Wolverine Asset Limited Liability Company has invested 0% in Applied Materials, Inc. (NASDAQ:AMAT). Stephens Ar accumulated 20,076 shares. Associated Banc owns 6,921 shares. 57,168 were reported by Pub Sector Pension Board. Thompson Siegel And Walmsley Lc owns 2,175 shares for 0% of their portfolio. Dnb Asset As stated it has 0.13% in Applied Materials, Inc. (NASDAQ:AMAT). Elm Advsr Ltd Com has invested 0.22% in Applied Materials, Inc. (NASDAQ:AMAT). Asset Management stated it has 0.08% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT).

Investors sentiment increased to 1.31 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It is positive, as 53 investors sold NFLX shares while 244 reduced holdings. 107 funds opened positions while 281 raised stakes. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported. Stock Yards Fincl Bank & Tru accumulated 0.04% or 1,889 shares. Trexquant Ltd Partnership owns 1,637 shares for 0.03% of their portfolio. Virtus Advisers reported 209,592 shares. Bessemer Grp Inc has 0% invested in Netflix, Inc. (NASDAQ:NFLX). Twin Tree Mngmt LP accumulated 39,815 shares or 0.06% of the stock. Bancorporation Of Hawaii holds 0.1% or 6,540 shares. Peapack Gladstone Financial, New Jersey-based fund reported 1,474 shares. Hanseatic Management Service Inc holds 6,256 shares or 1.21% of its portfolio. Winch Advisory Ltd Liability Company has invested 1.17% in Netflix, Inc. (NASDAQ:NFLX). Mckinley Mngmt Llc Delaware invested in 18,307 shares. 405,819 were accumulated by Ameriprise Finance. Lazard Asset Ltd accumulated 0% or 40 shares. Parsons Mngmt Ri has invested 0.03% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Ipg Inv Advsrs Lc accumulated 3,055 shares. Bluefin Trading Limited Liability has invested 0.13% in Netflix, Inc. (NASDAQ:NFLX).

Among 58 analysts covering Netflix (NASDAQ:NFLX), 39 have Buy rating, 2 Sell and 17 Hold. Therefore 67% are positive. Netflix had 260 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Friday, October 13. The firm earned “Buy” rating on Thursday, September 3 by Rosenblatt. On Wednesday, October 4 the stock rating was maintained by UBS with “Buy”. The company was maintained on Tuesday, April 19 by Goldman Sachs. Cowen & Co maintained the shares of NFLX in report on Wednesday, April 11 with “Buy” rating. As per Monday, November 16, the company rating was maintained by Topeka Capital Markets. Rosenblatt upgraded Netflix, Inc. (NASDAQ:NFLX) on Tuesday, July 18 to “Buy” rating. The firm earned “Buy” rating on Tuesday, July 18 by Bank of America. Wedbush maintained the stock with “Sell” rating in Wednesday, July 12 report. On Thursday, January 19 the stock rating was maintained by FBR Capital with “Mkt Perform”.

Since October 30, 2017, it had 0 insider purchases, and 33 insider sales for $139.31 million activity. $3.01 million worth of Netflix, Inc. (NASDAQ:NFLX) was sold by HOAG JAY C on Wednesday, January 31. Shares for $2.77M were sold by BATTLE A GEORGE on Tuesday, February 13. Peters Gregory K sold $2.48M worth of stock. $562,716 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by KILGORE LESLIE J. On Monday, March 19 the insider BARTON RICHARD N sold $220,066. Another trade for 75,271 shares valued at $23.86M was made by HASTINGS REED on Tuesday, March 20.

Netflix, Inc. (NASDAQ:NFLX) Institutional Positions Chart

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