Beech Hill Advisors INC Cut Position in Amazon Com INC (AMZN) by $3.26 Million as Share Value Rose

September 8, 2018 - By Mary Kidd

Amazon.com, Inc. (NASDAQ:AMZN) LogoInvestors sentiment decreased to 1.08 in 2018 Q1. 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. Navellier Assocs reported 0.12% stake. New England Professional Planning Grp stated it has 0.48% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Stock Yards Bankshares Company accumulated 12,153 shares or 1.96% of the stock. At State Bank holds 141 shares. Tarbox Family Office Inc reported 416 shares. Acg Wealth invested 1.99% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Warren Averett Asset Management Limited Liability Corporation owns 0.37% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 1,601 shares. Outfitter Advisors Limited holds 0.89% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 1,338 shares. Glenmede Tru Na invested in 0.08% or 16,664 shares. Brinker Inc holds 0.43% in Amazon.com, Inc. (NASDAQ:AMZN) or 7,634 shares. Foster Dykema Cabot And Ma owns 200 shares. Eulav Asset Management holds 18,800 shares. The California-based Wcm Investment Mngmt Ca has invested 0.65% in Amazon.com, Inc. (NASDAQ:AMZN). Berkshire Asset Management Limited Com Pa stated it has 1,584 shares. Salem Inv Counselors Incorporated reported 2.74% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN).

Since March 8, 2018, it had 0 insider purchases, and 19 insider sales for $51.26 million activity. WILKE JEFFREY A had sold 600 shares worth $947,950 on Friday, May 4. $2.72M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Jassy Andrew R on Tuesday, May 15. $3.23M worth of stock was sold by Blackburn Jeffrey M on Tuesday, May 15. $2.17 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by STONESIFER PATRICIA Q. Shares for $824,513 were sold by Reynolds Shelley on Wednesday, August 15. 500 shares were sold by McGrath Judith A, worth $952,500.

Beech Hill Advisors Inc decreased its stake in Amazon Com Inc (AMZN) by 38.7% based on its latest 2018Q1 regulatory filing with the SEC. Beech Hill Advisors Inc sold 2,254 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 3,571 shares of the consumer services company at the end of 2018Q1, valued at $5.17 million, down from 5,825 at the end of the previous reported quarter. Beech Hill Advisors Inc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $952.11B market cap company. The stock decreased 0.32% or $6.24 during the last trading session, reaching $1952.07. About 4.66 million shares traded or 4.34% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since September 8, 2017 and is uptrending. It has outperformed by 49.52% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 25. They expect $3.21 earnings per share, up 517.31 % or $2.69 from last year’s $0.52 per share. AMZN’s profit will be $1.57 billion for 152.03 P/E if the $3.21 EPS becomes a reality. After $5.07 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -36.69 % negative EPS growth.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Will the Federal Government Kill the Cloud Czars?” on September 06, 2018, also Seekingalpha.com with their article: “Upcoming index shakeup has broad implications – Barron’s” published on September 02, 2018, Seekingalpha.com published: “Pentagon extends deadline for JEDI cloud contract” on September 04, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Benzinga.com and their article: “A Look At The ETFs With The Most Inflows And Outflows In August, And What They’ll Do Going Forward” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon brings Pay to Japan” with publication date: September 06, 2018.

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

Among 28 analysts covering Amazon (NASDAQ:AMZN), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amazon has $2500 highest and $1550 lowest target. $2017.27’s average target is 3.34% above currents $1952.07 stock price. Amazon had 44 analyst reports since March 9, 2018 according to SRatingsIntel. SunTrust maintained the shares of AMZN in report on Thursday, April 19 with “Buy” rating. The firm has “Overweight” rating given on Friday, July 27 by PiperJaffray. Barclays Capital maintained it with “Overweight” rating and $1700 target in Friday, April 27 report. UBS maintained the shares of AMZN in report on Thursday, June 21 with “Buy” rating. The firm has “Buy” rating by Susquehanna given on Friday, April 27. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, April 20. Credit Suisse has “Outperform” rating and $1800 target. On Wednesday, March 14 the stock rating was maintained by Piper Jaffray with “Buy”. The firm earned “Outperform” rating on Friday, July 27 by BMO Capital Markets. Wedbush maintained the stock with “Outperform” rating in Friday, April 27 report. The firm has “Buy” rating given on Wednesday, June 27 by Loop Capital Markets.

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

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