As Alibaba Group Holding LTD (BABA) Market Valuation Declined, Altimeter Capital Management LP Cut Its Stake by $7.68 Million; Netflix (NFLX) Holder Weatherly Asset Management Has Decreased Stake

September 14, 2018 - By Glen Chin

Netflix, Inc. (NASDAQ:NFLX) Logo

Weatherly Asset Management decreased its stake in Netflix Inc (NFLX) by 1.19% based on its latest 2018Q2 regulatory filing with the SEC. Weatherly Asset Management sold 1,201 shares as the company’s stock declined 2.63% while stock markets rallied. The institutional investor held 99,462 shares of the consumer services company at the end of 2018Q2, valued at $38.93 million, down from 100,663 at the end of the previous reported quarter. Weatherly Asset Management who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $158.73 billion market cap company. The stock decreased 0.99% or $3.64 during the last trading session, reaching $364.51. About 2.98M shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 99.81% since September 14, 2017 and is uptrending. It has outperformed by 84.19% the S&P500. Some Historical NFLX News: 06/03/2018 – NETFLIX: FOX-DISNEY NOT THE BIGGEST THREAT TO US; 18/05/2018 – Decider: Stream It or Skip It: `Cargo’ on Netflix, a Zombie Thriller Starring Martin Freeman; 23/05/2018 – Netflix is now worth more than Comcast; 03/04/2018 – NGINX Simplifies the Journey to Microservices; 12/03/2018 – Apple inks deal to buy the ‘Netflix of magazines’; 13/03/2018 – Netflix Paid Claire Foy, Queen on `The Crown,’ Less Than Her On-Screen Husband; 19/04/2018 – Hulu’s Value Is Now $8.7 Billion, But Still Dwarfed by Netflix; 13/04/2018 – Mercury News: TV tonight: ‘Lost in Space’ reboot soars onto Netflix; 13/03/2018 – Variety: Netflix Takes International SVOD Rights to Mateo Gil’s `Thermodynamics’; 13/04/2018 – Comcast and Netflix Expand Partnership Following Successful Xfinity X1 Integration

Altimeter Capital Management Lp decreased its stake in Alibaba Group Holding Ltd (BABA) by 46.45% based on its latest 2018Q2 regulatory filing with the SEC. Altimeter Capital Management Lp sold 41,500 shares as the company’s stock declined 21.86% while stock markets rallied. The hedge fund held 47,850 shares of the business services company at the end of 2018Q2, valued at $8.88M, down from 89,350 at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be less bullish one the $421.58 billion market cap company. The stock decreased 0.98% or $1.62 during the last trading session, reaching $163.91. About 15.19 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has declined 7.90% since September 14, 2017 and is downtrending. It has underperformed by 23.52% the S&P500. Some Historical BABA News: 12/03/2018 – China’s Ofo Raises $866 Million in Funding Round Led by Alibaba; 04/05/2018 – Alibaba Group 4Q-End Annual Active Consumers on China Retail Marketplaces 552M; 18/04/2018 – Oath Hires Former Alibaba Group Executive as President & COO; 19/03/2018 – ADRs End Lower; Baidu, Alibaba, BP Trade Actively; 29/05/2018 – Alibaba said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) for $1.38 billion; 09/04/2018 – Yahoo! UK: China’s SenseTime valued at $4.5 billion after $600 million funding led by Alibaba; 19/03/2018 – Alibaba invests additional $2 billion in Southeast Asian e-commerce firm Lazada; 19/03/2018 – Last year, Alibaba upped its stake in the Singapore-based firm from 51 percent to 83 percent; 12/03/2018 – IKANG GETS PURCHASE PROPOSAL FROM YUNFENG CAPITAL & ALIBABA; 30/05/2018 – Hexindai Announces Appointment of Chief Marketing Officer

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Nasdaq.com which released: “10 Stocks That Every 20-Year-Old Should Buy” on September 13, 2018, also Fool.com with their article: “Why Netflix Inc. Shares Fell 6% Today” published on September 05, 2018, Seekingalpha.com published: “Another Netflix Bounce Back, But This Time Looks Different” on September 13, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Nasdaq.com and their article: “Can The Market Rally Hold? Here’s My Take…” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “Netflix: From A Top Down Perspective” with publication date: September 05, 2018.

Among 59 analysts covering Netflix (NASDAQ:NFLX), 41 have Buy rating, 3 Sell and 15 Hold. Therefore 69% are positive. Netflix had 289 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Monday, March 20. Bernstein maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 17. Bernstein has “Buy” rating and $37200 target. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Neutral” rating given on Monday, January 4 by Robert W. Baird. The firm has “Sell” rating by Wedbush given on Wednesday, July 12. Cowen & Co maintained Netflix, Inc. (NASDAQ:NFLX) on Wednesday, October 11 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Sunday, September 17. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, October 17. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Stifel Nicolaus on Monday, August 10. The rating was maintained by Goldman Sachs on Tuesday, October 18 with “Neutral”. The rating was maintained by BMO Capital Markets on Thursday, July 13 with “Hold”.

Weatherly Asset Management, which manages about $440.23M and $428.56 million US Long portfolio, upped its stake in Raytheon Co (NYSE:RTN) by 2,026 shares to 14,212 shares, valued at $2.75 million in 2018Q2, according to the filing. It also increased its holding in Alphabet Inc by 619 shares in the quarter, for a total of 5,298 shares, and has risen its stake in Visa Inc (NYSE:V).

Investors sentiment increased to 1.31 in Q2 2018. Its up 0.08, from 1.23 in 2018Q1. It is positive, as 56 investors sold NFLX shares while 300 reduced holdings. 149 funds opened positions while 319 raised stakes. 313.87 million shares or 4.72% less from 329.43 million shares in 2018Q1 were reported. Partnervest Advisory Serv Ltd Liability Company reported 0.1% in Netflix, Inc. (NASDAQ:NFLX). Calamos Wealth Management Lc owns 0.23% invested in Netflix, Inc. (NASDAQ:NFLX) for 4,706 shares. Nordea Invest Mgmt invested 0.15% in Netflix, Inc. (NASDAQ:NFLX). The Alabama-based Mariner Wealth Advsrs has invested 0.01% in Netflix, Inc. (NASDAQ:NFLX). Cap One Natl Association holds 11,777 shares. Boston Private Wealth Ltd Liability Com holds 12,614 shares. Td Cap Mgmt Limited Co stated it has 0.09% in Netflix, Inc. (NASDAQ:NFLX). 745 are owned by Hanson Mcclain. Redwood Invs Limited Company holds 0.88% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 32,542 shares. Millennium Mngmt Lc invested 0.13% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Shamrock Asset Management Lc holds 0.02% or 100 shares in its portfolio. Fulton Bancshares Na accumulated 0.13% or 4,951 shares. Tiemann Advsrs Limited Liability Corporation holds 600 shares. The United Kingdom-based Lmr Prtnrs Llp has invested 0.04% in Netflix, Inc. (NASDAQ:NFLX). Torch Wealth Management Limited Liability Com has invested 0.61% in Netflix, Inc. (NASDAQ:NFLX).

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 $296.11 million for 134.01 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.

Since March 19, 2018, it had 0 buys, and 45 sales for $217.41 million activity. $294,396 worth of stock was sold by BARTON RICHARD N on Thursday, June 21. $3.97 million worth of stock was sold by HALEY TIMOTHY M on Thursday, May 10. 472 shares were sold by KILGORE LESLIE J, worth $189,272. SARANDOS THEODORE A also sold $40.10M worth of Netflix, Inc. (NASDAQ:NFLX) on Monday, July 23. Another trade for 75,656 shares valued at $27.21M was made by HASTINGS REED on Monday, July 23. BATTLE A GEORGE had sold 10,000 shares worth $3.10M.

Among 40 analysts covering Alibaba (NYSE:BABA), 38 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 192 analyst reports since August 12, 2015 according to SRatingsIntel. As per Tuesday, October 17, the company rating was maintained by Robert W. Baird. On Thursday, November 30 the stock rating was maintained by Tigress Financial with “Buy”. The stock has “Buy” rating by M Partners on Friday, October 30. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, June 22 by Robert W. Baird. Morgan Stanley reinitiated it with “Overweight” rating and $130 target in Thursday, December 8 report. The firm has “Buy” rating by SunTrust given on Friday, August 18. The company was maintained on Monday, July 10 by Stifel Nicolaus. The rating was maintained by Robert W. Baird on Tuesday, May 29 with “Buy”. The firm earned “Buy” rating on Wednesday, September 20 by Jefferies. Raymond James upgraded it to “Strong Buy” rating and $124 target in Friday, August 12 report.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on November, 1. They expect $1.04 EPS, up 1.96% or $0.02 from last year’s $1.02 per share. BABA’s profit will be $2.67B for 39.40 P/E if the $1.04 EPS becomes a reality. After $0.66 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 57.58% EPS growth.

Altimeter Capital Management Lp, which manages about $1.35B and $2.13 billion US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 2,000 shares to 32,000 shares, valued at $54.39M in 2018Q2, according to the filing. It also increased its holding in Mongodb Inc by 149,484 shares in the quarter, for a total of 249,484 shares, and has risen its stake in Norwegian Cruise Line Holdings (NASDAQ:NCLH).

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “Alibaba: Digital Media Losses Getting Bigger” on September 07, 2018, also Seekingalpha.com with their article: “Alibaba: Jack Ma’s Shocking Exit” published on September 13, 2018, Investorplace.com published: “Did Alibaba’s Russia Deal Actually Do Anything for BABA Stock?” on September 13, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Seekingalpha.com and their article: “Alibaba cedes control of Russian JV” published on September 11, 2018 as well as Seekingalpha.com‘s news article titled: “Alibaba: Fully Irrational” with publication date: September 06, 2018.

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