As Raymond James Financial (RJF) Stock Value Rose, Palestra Capital Management Has Lowered by $86.03 Million Its Holding; King Wealth Management Group Trimmed Netflix (NFLX) Position by $2.40 Million

Netflix, Inc. (NASDAQ:NFLX) Logo

King Wealth Management Group Llc decreased its stake in Netflix Inc (NFLX) by 78.61% based on its latest 2018Q4 regulatory filing with the SEC. King Wealth Management Group Llc sold 8,972 shares as the company’s stock rose 24.20% with the market. The institutional investor held 2,441 shares of the consumer services company at the end of 2018Q4, valued at $654,000, down from 11,413 at the end of the previous reported quarter. King Wealth Management Group Llc who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $157.81 billion market cap company. The stock increased 0.74% or $2.64 during the last trading session, reaching $361.46. About 7.32 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 20.89% since March 17, 2018 and is uptrending. It has outperformed by 16.52% the S&P500. Some Historical NFLX News: 21/05/2018 – Obamas strike multiyear production deal with Netflix; 12/04/2018 – NETFLIX INC NFLX.O : WEDBUSH SAYS EXPECTS CO TO BURN CASH TO FUND CONTENT ACQUISITION FOR MANY YEARS; 09/03/2018 – The Obamas might be Netflix’s newest producers:; 23/05/2018 – Hollywood Rpter: Idris Elba to Tackle ‘Hunchback of Notre Dame’ for Netflix; 17/05/2018 – Netflix Favored by 13 Hedge Funds, 13Fs Show; 08/03/2018 – New York Post: Netflix Hops Into the Female Action Thriller Game with `Close’; 19/03/2018 – News 7: The Modern Presidential Legacy: Social Media, Podcasts And Netflix; 06/03/2018 – NETFLIX: FOX-DISNEY NOT THE BIGGEST THREAT TO US; 24/05/2018 – NETFLIX PASSES DISNEY IN MARKET VALUATION; 24/05/2018 – Netflix passed Disney in market value and is now the most valuable media company in the world

Palestra Capital Management Llc decreased its stake in Raymond James Financial Inc (RJF) by 99.36% based on its latest 2018Q4 regulatory filing with the SEC. Palestra Capital Management Llc sold 1.16M shares as the company’s stock rose 8.05% with the market. The hedge fund held 7,500 shares of the finance company at the end of 2018Q4, valued at $558,000, down from 1.17 million at the end of the previous reported quarter. Palestra Capital Management Llc who had been investing in Raymond James Financial Inc for a number of months, seems to be less bullish one the $11.55 billion market cap company. The stock decreased 0.13% or $0.11 during the last trading session, reaching $81.89. About 1.51 million shares traded or 55.46% up from the average. Raymond James Financial, Inc. (NYSE:RJF) has declined 8.85% since March 17, 2018 and is downtrending. It has underperformed by 13.22% the S&P500. Some Historical RJF News: 03/04/2018 – Lisa Detanna Named to Forbes’ List of Best-In-State Wealth Advisors; 03/04/2018 – Lisa Detanna Named to Forbes’ List of Best-In-State Wealth Advisors; 02/04/2018 Franklin Financial Network Announces Completion Of Merger With Nashville-Based Civic Bank & Trust

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on April, 15. They expect $0.58 earnings per share, down 9.38% or $0.06 from last year’s $0.64 per share. NFLX’s profit will be $253.23 million for 155.80 P/E if the $0.58 EPS becomes a reality. After $0.30 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 93.33% EPS growth.

Since September 17, 2018, it had 0 buys, and 23 sales for $148.93 million activity. WELLS DAVID B had sold 1,000 shares worth $359,000. BARTON RICHARD N sold 700 shares worth $237,279. $34.80 million worth of Netflix, Inc. (NASDAQ:NFLX) was sold by HASTINGS REED on Monday, October 22. Bennett Kelly sold $4.20 million worth of Netflix, Inc. (NASDAQ:NFLX) on Wednesday, October 31. HALEY TIMOTHY M had sold 21,882 shares worth $7.36 million on Tuesday, October 16.

Investors sentiment decreased to 1.06 in Q4 2018. Its down 0.14, from 1.2 in 2018Q3. It worsened, as 111 investors sold NFLX shares while 306 reduced holdings. 113 funds opened positions while 329 raised stakes. 342.25 million shares or 9.21% more from 313.38 million shares in 2018Q3 were reported. Fisher Asset Management Limited Liability Corporation invested 0% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Highstreet Asset Mngmt holds 0.02% or 1,003 shares. Westpac reported 75,135 shares. Virtu Ltd Com holds 7,166 shares. Sumitomo Life Insur owns 0.48% invested in Netflix, Inc. (NASDAQ:NFLX) for 12,961 shares. Cibc Asset Mngmt holds 0.12% or 59,096 shares. 5,682 are held by Murphy Capital Mngmt. Contour Asset Ltd Co invested in 244,534 shares or 5.94% of the stock. Lenox Wealth Mgmt, Ohio-based fund reported 615 shares. Mycio Wealth Prtnrs Limited Liability Corporation invested 0.12% in Netflix, Inc. (NASDAQ:NFLX). Savant Lc accumulated 1,299 shares. Provise Gp Ltd Liability owns 2,234 shares. Natl Bank Of America De stated it has 2.28 million shares. Lourd Capital Ltd Liability invested in 3,237 shares or 0.07% of the stock. Zeke Cap Advsr holds 21,232 shares or 0.54% of its portfolio.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: AT&T, Netflix, Disney and Telenav – Nasdaq” on March 06, 2019, also Nasdaq.com with their article: “Noteworthy Wednesday Option Activity: SIEN, NFLX, NVDA – Nasdaq” published on March 13, 2019, Nasdaq.com published: “Netflix Is Killing a Ton of Its Own Shows. What’s Going On? – Nasdaq” on March 10, 2019. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “Could Disney Give New Life to Marvel Heroes Canceled by Netflix? – Motley Fool” published on March 07, 2019 as well as Seekingalpha.com‘s news article titled: “Risk And Reward In Netflix Stock – Seeking Alpha” with publication date: February 26, 2019.

King Wealth Management Group Llc, which manages about $1.58 billion and $276.33 million US Long portfolio, upped its stake in Ishares Tr Ivv (IVV) by 10,861 shares to 103,837 shares, valued at $26.13 million in 2018Q4, according to the filing. It also increased its holding in Fidelity Ftec (FTEC) by 14,180 shares in the quarter, for a total of 102,954 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on April, 24. They expect $1.71 EPS, up 4.91% or $0.08 from last year’s $1.63 per share. RJF’s profit will be $241.18 million for 11.97 P/E if the $1.71 EPS becomes a reality. After $1.79 actual EPS reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts -4.47% negative EPS growth.

Since October 29, 2018, it had 1 buying transaction, and 1 sale for $409,727 activity. Another trade for 1,500 shares valued at $110,625 was made by Elwyn Tashtego S on Monday, October 29.

Palestra Capital Management Llc, which manages about $755.46M and $2.08 billion US Long portfolio, upped its stake in First Data Corp New by 5.47 million shares to 10.24M shares, valued at $173.16 million in 2018Q4, according to the filing. It also increased its holding in Ss&C Technologies Hldgs Inc (NASDAQ:SSNC) by 225,500 shares in the quarter, for a total of 2.31M shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent Raymond James Financial, Inc. (NYSE:RJF) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For March 11, 2019 – Benzinga” on March 11, 2019, also Themiddlemarket.com with their article: “Top investment banks: KPMG, Houlihan Lokey, Goldman Sachs, William Blair, Lincoln and more | Mergers & Acquisitions – Mergers & Acquisitions” published on February 28, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For March 6, 2019 – Benzinga” on March 06, 2019. More interesting news about Raymond James Financial, Inc. (NYSE:RJF) were released by: Seekingalpha.com and their article: “Stocks To Watch: Spotlight On Walmart, Samsung And CAGNY – Seeking Alpha” published on February 16, 2019 as well as Bizjournals.com‘s news article titled: “Raymond James takes full ownership of San Diego asset management firm – Tampa Bay Business Journal” with publication date: February 28, 2019.

Raymond James Financial, Inc. (NYSE:RJF) Institutional Positions Chart