Edgewood Management Cut Its Netflix (NFLX) Stake by $128.34 Million; Valuation Rose; Gyroscope Capital Management Group Lowered Exxon Mobil (XOM) Stake by $433,512 as Share Value Rose

January 18, 2018 - By Marguerite Chambers

Edgewood Management Llc decreased its stake in Netflix Inc (NFLX) by 16.65% based on its latest 2017Q3 regulatory filing with the SEC. Edgewood Management Llc sold 709,066 shares as the company’s stock rose 10.41% with the market. The institutional investor held 3.55 million shares of the consumer services company at the end of 2017Q3, valued at $643.85M, down from 4.26 million at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $93.74B market cap company. The stock decreased 0.40% or $0.871 during the last trading session, reaching $216.629. About 2.31M shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since January 18, 2017 and is uptrending. It has outperformed by 58.64% the S&P500.

Gyroscope Capital Management Group Llc decreased its stake in Exxon Mobil Corp (XOM) by 15.82% based on its latest 2017Q3 regulatory filing with the SEC. Gyroscope Capital Management Group Llc sold 5,352 shares as the company’s stock rose 0.21% with the market. The institutional investor held 28,479 shares of the integrated oil company at the end of 2017Q3, valued at $2.34M, down from 33,831 at the end of the previous reported quarter. Gyroscope Capital Management Group Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $371.72B market cap company. The stock decreased 0.31% or $0.27 during the last trading session, reaching $87.73. About 1.21 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 18, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.10, from 1.22 in 2017Q2. It worsened, as 56 investors sold NFLX shares while 255 reduced holdings. 115 funds opened positions while 233 raised stakes. 356.10 million shares or 3.23% more from 344.96 million shares in 2017Q2 were reported. Scopus Asset Mgmt Lp has 475,000 shares for 0.89% of their portfolio. Financial Sense has invested 0.21% in Netflix, Inc. (NASDAQ:NFLX). Sands Limited Co has invested 3.87% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Rampart Inv Limited Co reported 0.32% stake. 17,040 are owned by Bnp Paribas Asset Mngmt. Citadel Ltd Company has invested 0.04% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Mason Street Advisors Limited Co accumulated 59,935 shares. Greenleaf reported 2,249 shares. Fortaleza Asset Mngmt has invested 1.09% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Moreover, Goodwin Daniel L has 0.17% invested in Netflix, Inc. (NASDAQ:NFLX) for 2,100 shares. Main Street Rech Ltd Liability Corp stated it has 46,573 shares or 1.36% of all its holdings. 181,955 are held by Proshare Advsrs Ltd Liability Com. Assetmark holds 1,153 shares. Heritage Wealth Advisors owns 1,233 shares for 0.11% of their portfolio. Sheets Smith Wealth Mgmt holds 3,028 shares or 0.14% of its portfolio.

Among 55 analysts covering Netflix (NASDAQ:NFLX), 39 have Buy rating, 2 Sell and 14 Hold. Therefore 71% are positive. Netflix had 210 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, August 29 by Axiom Capital. SunTrust maintained Netflix, Inc. (NASDAQ:NFLX) on Monday, October 16 with “Hold” rating. The rating was maintained by Goldman Sachs on Tuesday, October 18 with “Neutral”. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Buy” rating given on Friday, June 23 by Raymond James. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Cantor Fitzgerald on Tuesday, June 6. The rating was initiated by BMO Capital Markets on Friday, October 9 with “Market Perform”. The firm earned “Buy” rating on Tuesday, July 18 by Bank of America. On Wednesday, January 20 the stock rating was maintained by JP Morgan with “Overweight”. As per Monday, September 11, the company rating was maintained by BMO Capital Markets. On Tuesday, July 19 the stock rating was maintained by Oppenheimer with “Outperform”.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 22 after the close. They expect $0.42 EPS, up 180.00% or $0.27 from last year’s $0.15 per share. NFLX’s profit will be $181.75M for 128.95 P/E if the $0.42 EPS becomes a reality. After $0.29 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 44.83% EPS growth.

Since August 8, 2017, it had 0 buys, and 25 insider sales for $65.47 million activity. 2,000 shares were sold by BARTON RICHARD N, worth $359,770. On Monday, October 16 the insider KILGORE LESLIE J sold $175,336. The insider WELLS DAVID B sold 1,000 shares worth $187,940. $673,016 worth of stock was sold by FRIEDLAND JONATHAN on Monday, January 8. $12.61M worth of Netflix, Inc. (NASDAQ:NFLX) was sold by HYMAN DAVID A on Monday, October 30.

Edgewood Management Llc, which manages about $9.25B and $21.75 billion US Long portfolio, upped its stake in Alphabet Inc by 272,851 shares to 1.12M shares, valued at $1.09B in 2017Q3, according to the filing. It also increased its holding in Celgene Corp (NASDAQ:CELG) by 98,943 shares in the quarter, for a total of 10.56M shares, and has risen its stake in Cme Group Inc (NASDAQ:CME).

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 earnings per share, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.19 billion for 22.15 P/E if the $0.99 EPS becomes a reality. After $0.93 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Investors sentiment is 0.85 in Q3 2017. Its the same as in 2017Q2. It is the same, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Summit Financial Wealth Ltd Liability Corporation owns 7,107 shares. Loeb Prtn owns 70,766 shares or 1.77% of their US portfolio. St Germain D J Com holds 2.32% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 225,552 shares. State Of Tennessee Treasury Department invested 0.92% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). North Star Asset Mngmt holds 0.62% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 72,108 shares. Cambrian Cap Lp stated it has 3,510 shares. Meridian Invest Counsel has invested 0.8% in Exxon Mobil Corporation (NYSE:XOM). Ingalls Snyder invested in 1.41% or 331,038 shares. State Of Alaska Department Of Revenue reported 1.26% in Exxon Mobil Corporation (NYSE:XOM). Price T Rowe Assoc Md reported 0.52% in Exxon Mobil Corporation (NYSE:XOM). Diligent Ltd Liability holds 0.26% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 4,294 shares. Thompson Rubinstein Invest Mngmt Or owns 66,649 shares. Moreover, Old Point & Serv N A has 3.31% invested in Exxon Mobil Corporation (NYSE:XOM). Mufg Americas Holding Corp accumulated 571,722 shares or 1.49% of the stock. 64,828 are owned by Ray Gerald L Assoc Ltd.

Since August 4, 2017, it had 0 insider buys, and 6 sales for $5.32 million activity. 2,412 shares were sold by Wascom Dennis G, worth $200,293 on Friday, December 15. 22,656 shares were sold by Franklin Robert Stuart, worth $1.81 million on Monday, September 18. Shares for $996,628 were sold by Chapman Neil A on Thursday, December 14. $1.62M worth of stock was sold by Corson Bradley W on Monday, December 11. REINEMUND STEVEN sold $88,253 worth of stock or 1,100 shares.

Gyroscope Capital Management Group Llc, which manages about $127.73M and $198.17 million US Long portfolio, upped its stake in Metlife Inc (NYSE:MET) by 14,457 shares to 116,392 shares, valued at $6.05 million in 2017Q3, according to the filing. It also increased its holding in Qualcomm Inc (NASDAQ:QCOM) by 9,403 shares in the quarter, for a total of 106,957 shares, and has risen its stake in Centurylink Inc (NYSE:CTL).

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Friday, March 18 by Goldman Sachs. Cowen & Co maintained the shares of XOM in report on Tuesday, October 24 with “Buy” rating. The firm has “Sell” rating by UBS given on Thursday, January 19. Tudor Pickering downgraded the shares of XOM in report on Tuesday, January 26 to “Sell” rating. The company was maintained on Tuesday, March 29 by Deutsche Bank. The stock has “Hold” rating by Jefferies on Tuesday, October 3. TD Securities maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, August 6 with “Hold” rating. The stock has “Outperform” rating by Credit Agricole on Tuesday, December 15. The firm earned “Buy” rating on Tuesday, June 13 by RBC Capital Markets. Vetr upgraded the shares of XOM in report on Thursday, August 20 to “Buy” rating.

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