Amazon.Com INC (AMZN) Shareholder Bluestein R H & Company Lowered Holding as Stock Price Rose

July 14, 2018 - By Christine McCrea

Amazon.com, Inc. (NASDAQ:AMZN) LogoInvestors sentiment decreased to 1.08 in Q1 2018. Its down 0.21, from 1.29 in 2017Q4. It worsened, as 73 investors sold AMZN shares while 659 reduced holdings. 173 funds opened positions while 614 raised stakes. 266.38 million shares or 4.87% less from 280.02 million shares in 2017Q4 were reported. Hardman Johnston Advisors Limited Liability Com stated it has 13,640 shares. Corda Limited Liability Co has invested 0.43% in Amazon.com, Inc. (NASDAQ:AMZN). Horizon Kinetics holds 0.02% in Amazon.com, Inc. (NASDAQ:AMZN) or 410 shares. Peddock Advsr Limited Liability Corporation has 0.24% invested in Amazon.com, Inc. (NASDAQ:AMZN). Everett Harris And Ca stated it has 1.81% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Comerica reported 3,498 shares. Tiger Mngmt Limited Liability Company reported 500 shares. Pictet North America Advsrs holds 3,031 shares. Athena Cap Advisors Limited Liability owns 402 shares. Colonial Tru Advsr owns 6,290 shares. Kingfisher Lc accumulated 0.76% or 829 shares. E&G Advsr Limited Partnership holds 0.39% or 630 shares. Parsons Capital Mgmt Inc Ri accumulated 12,730 shares. Toronto Dominion Comml Bank stated it has 0.74% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Trb Advisors LP reported 2,500 shares.

Since February 15, 2018, it had 0 buys, and 21 selling transactions for $63.19 million activity. WILKE JEFFREY A also sold $2.99 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. On Tuesday, May 15 the insider Reynolds Shelley sold $686,439. Shares for $3.03 million were sold by Zapolsky David on Tuesday, May 15. 1,375 shares were sold by STONESIFER PATRICIA Q, worth $2.17M. Jassy Andrew R sold $2.72 million worth of stock or 1,726 shares. $18.50 million worth of stock was sold by Blackburn Jeffrey M on Thursday, February 15.

Bluestein R H & Company decreased its stake in Amazon.Com Inc (AMZN) by 4% based on its latest 2018Q1 regulatory filing with the SEC. Bluestein R H & Company sold 2,567 shares as the company’s stock rose 5.80% while stock markets declined. The hedge fund held 61,617 shares of the consumer services company at the end of 2018Q1, valued at $89.18M, down from 64,184 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Amazon.Com Inc for a number of months, seems to be less bullish one the $879.73 billion market cap company. The stock increased 0.91% or $16.41 during the last trading session, reaching $1813.03. About 4.20 million shares traded or 2.76% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since July 14, 2017 and is uptrending. It has outperformed by 49.52% the S&P500.

Bluestein R H & Company, which manages about $2.94 billion and $1.82B US Long portfolio, upped its stake in Xylem Inc (NYSE:XYL) by 154,918 shares to 169,318 shares, valued at $13.02 million in 2018Q1, according to the filing. It also increased its holding in Northrop Grumman Corp (NYSE:NOC) by 98,139 shares in the quarter, for a total of 100,264 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.50 earnings per share, up 525.00 % or $2.10 from last year’s $0.4 per share. AMZN’s profit will be $1.21B for 181.30 P/E if the $2.50 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -23.55 % negative EPS growth.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Why Johnson & Johnson, Cisco Systems, and Ingredion Slumped Today” on July 13, 2018, also Seekingalpha.com with their article: “Amazon: Taking Over The World” published on July 06, 2018, Seekingalpha.com published: “Amazon Prime: The Moral View” on June 26, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Amazon: This Investment Fails A Generation” published on July 05, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon: Are Expectations Too High?” with publication date: July 10, 2018.

Amazon.com, Inc. (NASDAQ:AMZN) Ratings Coverage

Among 38 analysts covering Amazon (NASDAQ:AMZN), 38 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon has $2100 highest and $1360.0 lowest target. $1784.14’s average target is -1.59% below currents $1813.03 stock price. Amazon had 62 analyst reports since January 16, 2018 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by SunTrust on Thursday, April 19. Susquehanna maintained it with “Buy” rating and $1850.0 target in Friday, February 2 report. The stock has “Buy” rating by Susquehanna on Friday, April 27. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Overweight” rating given on Friday, April 27 by Barclays Capital. Evercore maintained it with “Buy” rating and $1745.0 target in Friday, March 9 report. The firm has “Buy” rating given on Friday, February 2 by RBC Capital Markets. The rating was maintained by Wedbush with “Outperform” on Friday, April 27. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, April 27 with “Outperform” rating. The firm earned “Buy” rating on Thursday, March 15 by Wells Fargo. The firm earned “Buy” rating on Thursday, January 18 by Nomura.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

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