As Netflix INC (NFLX) Stock Value Rose, Zevenbergen Capital Investments LLC Has Cut Its Stake

August 9, 2018 - By Margaret Guttierez

Netflix, Inc. (NASDAQ:NFLX) LogoInvestors sentiment decreased to 1.23 in Q1 2018. Its down 0.08, from 1.31 in 2017Q4. It worsened, as 47 investors sold NFLX shares while 310 reduced holdings. 156 funds opened positions while 283 raised stakes. 329.43 million shares or 4.36% less from 344.43 million shares in 2017Q4 were reported. Lmr Partners Llp accumulated 7,639 shares or 0.15% of the stock. Wealth Enhancement Advisory Limited Liability Company invested in 8,264 shares or 0.17% of the stock. Lvw Advsrs Ltd Company accumulated 0.07% or 733 shares. De Burlo Group has 42,000 shares for 2.7% of their portfolio. Aperio Gp Ltd Liability has invested 0.32% in Netflix, Inc. (NASDAQ:NFLX). Hightower Advsrs Ltd stated it has 0.1% in Netflix, Inc. (NASDAQ:NFLX). Riverhead Mgmt Ltd Limited Liability Company accumulated 4,550 shares or 0.06% of the stock. Lazard Asset Ltd Com stated it has 0% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Gamco Et Al invested 0.01% in Netflix, Inc. (NASDAQ:NFLX). Glenmede Trust Na stated it has 35,669 shares. America First Investment Advisors Limited Com holds 0.01% or 128 shares. Clearbridge owns 1,026 shares. Financial Bank Of Ny Mellon holds 3.81 million shares. Bluefin Trading Lc reported 29,617 shares. The Florida-based Finemark Retail Bank has invested 0.02% in Netflix, Inc. (NASDAQ:NFLX).

Since February 13, 2018, it had 0 buys, and 45 selling transactions for $242.35 million activity. HASTINGS REED also sold $28.37M worth of Netflix, Inc. (NASDAQ:NFLX) on Monday, May 21. The insider KILGORE LESLIE J sold $655,652. Peters Gregory K had sold 8,274 shares worth $2.48 million. BATTLE A GEORGE had sold 10,000 shares worth $3.10M. Shares for $231,350 were sold by BARTON RICHARD N on Thursday, May 10. $3.97 million worth of Netflix, Inc. (NASDAQ:NFLX) was sold by HALEY TIMOTHY M.

Zevenbergen Capital Investments Llc decreased its stake in Netflix Inc. (NFLX) by 26.28% based on its latest 2018Q1 regulatory filing with the SEC. Zevenbergen Capital Investments Llc sold 217,814 shares as the company’s stock rose 19.42% while stock markets declined. The institutional investor held 611,005 shares of the consumer services company at the end of 2018Q1, valued at $180.46 million, down from 828,819 at the end of the previous reported quarter. Zevenbergen Capital Investments Llc who had been investing in Netflix Inc. for a number of months, seems to be less bullish one the $151.37 billion market cap company. The stock decreased 1.20% or $4.22 during the last trading session, reaching $347.61. About 5.12 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 115.45% since August 9, 2017 and is uptrending. It has outperformed by 102.88% the S&P500.

Zevenbergen Capital Investments Llc, which manages about $2.92B and $2.60B US Long portfolio, upped its stake in Okta Inc. by 808,525 shares to 824,393 shares, valued at $32.85M in 2018Q1, according to the filing. It also increased its holding in Exact Sciences Corporation (NASDAQ:EXAS) by 152,900 shares in the quarter, for a total of 2.03M shares, and has risen its stake in Paypal Holdings Inc..

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on October, 15. They expect $0.68 EPS, up 134.48 % or $0.39 from last year’s $0.29 per share. NFLX’s profit will be $296.11M for 127.80 P/E if the $0.68 EPS becomes a reality. After $0.85 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Seekingalpha.com which released: “Netflix: Not Dead Yet” on August 03, 2018, also Seekingalpha.com with their article: “Netflix’s Strong Correction” published on August 01, 2018, Nasdaq.com published: “Should You Buy Netflix (NFLX) Ahead of Q2 Earnings?” on July 15, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “Concentrated Risks Glossed Over By Marketing Wrappers” published on August 08, 2018 as well as Nasdaq.com‘s news article titled: “3 Reasons Comcast Stock Can Still Surge Another 20%” with publication date: August 06, 2018.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 35 analysts covering Netflix (NASDAQ:NFLX), 23 have Buy rating, 2 Sell and 10 Hold. Therefore 66% are positive. Netflix has $503 highest and $11000 lowest target. $366.35’s average target is 5.39% above currents $347.61 stock price. Netflix had 62 analyst reports since February 15, 2018 according to SRatingsIntel. On Tuesday, April 17 the stock rating was maintained by Robert W. Baird with “Neutral”. The rating was maintained by Cowen & Co on Tuesday, July 17 with “Outperform”. The firm has “Neutral” rating by UBS given on Thursday, July 12. The firm earned “Buy” rating on Monday, April 16 by Canaccord Genuity. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Overweight” rating by Morgan Stanley on Tuesday, April 17. The stock has “Hold” rating by Deutsche Bank on Tuesday, July 17. The firm has “Buy” rating given on Friday, March 9 by Piper Jaffray. The firm has “Outperform” rating by Raymond James given on Tuesday, July 17. Bernstein maintained it with “Buy” rating and $340.0 target in Friday, March 9 report. Cowen & Co maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 17. Cowen & Co has “Buy” rating and $37500 target.

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

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