Baldwin Brothers Trimmed Amazon Com (AMZN) Holding as Stock Rose; Sprott Focus Trust (FUND) Market Value Declined While City Of London Investment Management Co LTD Trimmed Its Holding

September 14, 2018 - By Glen Chin

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Baldwin Brothers Inc decreased its stake in Amazon Com Inc (AMZN) by 7.55% based on its latest 2018Q2 regulatory filing with the SEC. Baldwin Brothers Inc sold 1,589 shares as the company’s stock rose 16.73% with the market. The institutional investor held 19,453 shares of the consumer services company at the end of 2018Q2, valued at $33.07 million, down from 21,042 at the end of the previous reported quarter. Baldwin Brothers Inc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $958.71 billion market cap company. The stock decreased 1.22% or $24.265 during the last trading session, reaching $1965.605. About 2.67M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 102.53% since September 14, 2017 and is uptrending. It has outperformed by 86.91% the S&P500. Some Historical AMZN News: 16/05/2018 – MEDIA-Amazon scouts for offline ally in India – Business Standard; 14/03/2018 – Amazon, Spotify, The New York Times, DELL, Pepsi Added to Speak at UNLEASH America in Las Vegas in May; 06/03/2018 – @Amazon’s move into banking could be a game changer for online shoppers; 02/04/2018 – Amazon executives visited more than 10 of the final 20 cities bidding for the company’s HQ2; 16/05/2018 – Amazon Scores Deals With European Carriers in Sign of Advantage; 19/04/2018 – Amazon courts Pentagon with marketing blitz ahead of $10 billion cloud contract decision; 05/04/2018 – Trump taking serious look at policy options on Amazon.com; 12/04/2018 – Amazon and Ring Close Acquisition; 20/03/2018 – Apple is now the only company more valuable than Amazon; 05/03/2018 – According to a recent survey, roughly 45 percent were open to using Amazon as their primary banking account

City Of London Investment Management Co Ltd decreased its stake in Sprott Focus Trust (FUND) by 36.51% based on its latest 2018Q2 regulatory filing with the SEC. City Of London Investment Management Co Ltd sold 369,325 shares as the company’s stock declined 7.16% while stock markets rallied. The institutional investor held 642,353 shares of the consumer services company at the end of 2018Q2, valued at $5.02M, down from 1.01 million at the end of the previous reported quarter. City Of London Investment Management Co Ltd who had been investing in Sprott Focus Trust for a number of months, seems to be less bullish one the $176.77 million market cap company. The stock decreased 0.07% or $0.005 during the last trading session, reaching $7.365. About 35,102 shares traded. Sprott Focus Trust, Inc. – Clos (NASDAQ:FUND) has declined 0.79% since September 14, 2017 and is downtrending. It has underperformed by 16.41% the S&P500.

Investors sentiment increased to 1.34 in 2018 Q2. Its up 0.26, from 1.08 in 2018Q1. It increased, as 50 investors sold AMZN shares while 590 reduced holdings. 170 funds opened positions while 686 raised stakes. 268.42 million shares or 0.77% more from 266.38 million shares in 2018Q1 were reported. Stoneridge Invest Prtn Ltd has invested 3.1% in Amazon.com, Inc. (NASDAQ:AMZN). Valinor Mngmt Lp owns 2.59% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 48,588 shares. Arrowstreet Capital Ltd Partnership accumulated 16,800 shares or 0.07% of the stock. Private Wealth Ptnrs Ltd Liability owns 19,314 shares. Magnetar Fincl Limited Liability Corporation holds 443 shares. Goldman Sachs Group accumulated 2.59 million shares. Cypress Cap Mngmt Ltd Llc (Wy) has invested 0.87% in Amazon.com, Inc. (NASDAQ:AMZN). Franklin Resource has 1.26M shares for 1.1% of their portfolio. Cullinan Associate holds 0.04% or 300 shares in its portfolio. Deutsche State Bank Ag stated it has 994,499 shares. 15,680 are held by Aureus Asset Mngmt Ltd Liability. Cordasco Network has 40 shares for 0.07% of their portfolio. Albion Grp Incorporated Ut owns 11,549 shares. Peregrine Asset Advisers owns 3,287 shares. Lmr Llp, a United Kingdom-based fund reported 608 shares.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 25. They expect $3.21 EPS, up 517.31% or $2.69 from last year’s $0.52 per share. AMZN’s profit will be $1.57 billion for 153.08 P/E if the $3.21 EPS becomes a reality. After $5.07 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -36.69% negative EPS growth.

Baldwin Brothers Inc, which manages about $939.93 million and $643.40 million US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 2,735 shares to 39,533 shares, valued at $5.70 million in 2018Q2, according to the filing. It also increased its holding in Waste Management Inc (NYSE:WM) by 6,924 shares in the quarter, for a total of 35,594 shares, and has risen its stake in Cohen & Steers Ltd (LDP).

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 323 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, January 4 the stock rating was downgraded by Monness Crespi & Hardt to “Neutral”. Credit Suisse maintained the stock with “Outperform” rating in Friday, April 27 report. The firm has “Buy” rating by Benchmark given on Friday, January 29. As per Friday, April 29, the company rating was maintained by Credit Suisse. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Jefferies on Friday, July 27. JMP Securities maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, October 23 with “Market Outperform” rating. The firm earned “Buy” rating on Friday, October 27 by Monness. Monness Crespi & Hardt maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, October 23. Monness Crespi & Hardt has “Buy” rating and $705 target. The stock has “Overweight” rating by JP Morgan on Thursday, April 7. The company was upgraded on Thursday, September 22 by Argus Research.

Since March 20, 2018, it had 0 insider purchases, and 21 selling transactions for $59.19 million activity. Reynolds Shelley sold $824,513 worth of stock or 435 shares. 2,028 shares were sold by Olsavsky Brian T, worth $3.22 million on Tuesday, May 15. 1,726 shares were sold by Jassy Andrew R, worth $3.28M. Blackburn Jeffrey M also sold $3.90M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. The insider WILKE JEFFREY A sold $2.32M. The insider STONESIFER PATRICIA Q sold $2.17M.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “Amazon: 5 Reasons To Avoid This Stock” on September 10, 2018, also Nasdaq.com with their article: “Could Amazon.com Be a Millionaire Maker Stock?” published on September 09, 2018, 247Wallst.com published: “Bezos Says Amazon Will Announce Second Headquarters by Year End” on September 14, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Should You Be Buying Amazon?” published on September 12, 2018 as well as Benzinga.com‘s news article titled: “Apple Launches New iPhones As Smartphone Battle Continues” with publication date: September 14, 2018.

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

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