Ngam Advisors LP Has Trimmed Its Amazon Com INC (AMZN) Stake by $33.14 Million

July 27, 2018 - By Kristin Houston

Amazon.com, Inc. (NASDAQ:AMZN) LogoInvestors sentiment decreased to 1.08 in 2018 Q1. Its down 0.21, from 1.29 in 2017Q4. It is negative, 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. Fincl Architects accumulated 861 shares or 0.24% of the stock. Fiduciary Trust stated it has 1.41% in Amazon.com, Inc. (NASDAQ:AMZN). Taurus Asset Management Ltd Limited Liability Company has 1.5% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 6,884 shares. Umb Bancshares N A Mo accumulated 22,339 shares. Kistler reported 607 shares. California-based Cypress Funds Lc has invested 6.67% in Amazon.com, Inc. (NASDAQ:AMZN). Lloyds Bk Grp Plc holds 1.8% in Amazon.com, Inc. (NASDAQ:AMZN) or 161 shares. Novare Mngmt Ltd Co has 0.08% invested in Amazon.com, Inc. (NASDAQ:AMZN). Ranger Inv Mgmt LP stated it has 0% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Flossbach Von Storch Ag accumulated 0.6% or 40,777 shares. Silvercrest Asset Management Group Inc Ltd has 11,983 shares. Scott & Selber Inc owns 5,637 shares for 4.59% of their portfolio. Neuberger Berman Group Limited Liability Corporation holds 284,923 shares. Busey Co holds 3.87% or 25,381 shares in its portfolio. Arrowstreet Capital Partnership invested in 2,900 shares or 0.01% of the stock.

Since February 15, 2018, it had 0 buys, and 21 insider sales for $63.19 million activity. Shares for $3.23 million were sold by Blackburn Jeffrey M. 1,726 shares were sold by Jassy Andrew R, worth $2.72 million. $387,475 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by WILKE JEFFREY A. $795,502 worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Reynolds Shelley on Thursday, February 15. Olsavsky Brian T had sold 2,028 shares worth $3.22 million on Tuesday, May 15. ALBERG TOM A sold 2,285 shares worth $3.35 million.

Ngam Advisors Lp decreased its stake in Amazon Com Inc (AMZN) by 14.66% based on its latest 2018Q1 regulatory filing with the SEC. Ngam Advisors Lp sold 22,906 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 133,371 shares of the consumer services company at the end of 2018Q1, valued at $193.03M, down from 156,277 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $877.29 billion market cap company. The stock decreased 2.98% or $55.61 during the last trading session, reaching $1808. About 7.82 million shares traded or 95.95% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since July 27, 2017 and is uptrending. It has outperformed by 49.52% the S&P500.

Ngam Advisors Lp, which manages about $16.78 billion and $10.13 billion US Long portfolio, upped its stake in Ares Capital Corp (NASDAQ:ARCC) by 227,548 shares to 1.11 million shares, valued at $17.59M in 2018Q1, according to the filing. It also increased its holding in Vistra Energy Corp by 183,328 shares in the quarter, for a total of 290,575 shares, and has risen its stake in Comcast Corp (NASDAQ:CMCSA).

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Fool.com which released: “Can Walmart Take on Netflix and Amazon in Streaming?” on July 26, 2018, also Fool.com with their article: “An Amazon Search Is Worth a Lot More Than a Google Search” published on July 25, 2018, Thestreet.com published: “6 Reasons Amazon Is an Investor’s Dream” on July 24, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Amazon accelerator announces new startups” published on July 23, 2018 as well as Fool.com‘s news article titled: “Walmart Adds Another Weapon in Its Fight Against Amazon” with publication date: July 26, 2018.

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

Among 35 analysts covering Amazon (NASDAQ:AMZN), 35 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon has $2100 highest and $1500.0 lowest target. $1825.12’s average target is 0.95% above currents $1808 stock price. Amazon had 60 analyst reports since January 30, 2018 according to SRatingsIntel. On Friday, July 13 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, March 9 by Evercore. The rating was maintained by Cowen & Co on Tuesday, February 27 with “Buy”. DA Davidson maintained the shares of AMZN in report on Thursday, June 14 with “Buy” rating. The stock has “Buy” rating by M Partners on Tuesday, May 29. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 2. Wedbush maintained the stock with “Outperform” rating in Friday, April 27 report. The rating was maintained by Credit Suisse with “Outperform” on Friday, April 27. The rating was maintained by M Partners on Wednesday, February 21 with “Buy”. The firm has “Buy” rating given on Friday, February 2 by Bank of America.

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

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