Nikko Asset Management Americas INC Has Upped Its Stake in Amazon.Com INC (AMZN) by $51.03 Million as Share Price Rose

September 16, 2018 - By Billy Entrekin

Amazon.com, Inc. (NASDAQ:AMZN) LogoInvestors sentiment increased to 1.34 in Q2 2018. 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. Personal Advsr Corp, California-based fund reported 35,979 shares. Baker Ellis Asset owns 967 shares. Lenox Wealth holds 0.4% or 731 shares in its portfolio. Cubist Systematic Strategies Ltd Liability Company has invested 0.47% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Osher Van De Voorde Investment holds 5.88% or 7,192 shares in its portfolio. D E Shaw & holds 1.49% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 672,016 shares. Peavine Capital Limited Liability Corp owns 170 shares. Ims Cap holds 1,419 shares. Moreover, Bridgewater Assocs Lp has 0.02% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 1,042 shares. 14,426 are owned by Rampart Invest Mngmt Company. Arizona State Retirement Sys has 1.71% invested in Amazon.com, Inc. (NASDAQ:AMZN). Security Retail Bank Of So Dak owns 246 shares. Mitchell Mcleod Pugh Williams has invested 1.7% in Amazon.com, Inc. (NASDAQ:AMZN). City Holding Company has invested 0.8% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). 4,230 are owned by Duff Phelps Inv Com.

Since March 20, 2018, it had 0 buys, and 20 selling transactions for $58.40 million activity. Reynolds Shelley sold $824,513 worth of stock. 1,230 shares were sold by WILKE JEFFREY A, worth $1.95 million on Monday, May 21. $3.87 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Olsavsky Brian T. 1,726 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $3.28M were sold by Jassy Andrew R. Shares for $952,500 were sold by McGrath Judith A. Zapolsky David had sold 1,927 shares worth $3.03 million.

Nikko Asset Management Americas Inc increased its stake in Amazon.Com Inc (AMZN) by 36.18% based on its latest 2018Q2 regulatory filing with the SEC. Nikko Asset Management Americas Inc bought 30,038 shares as the company’s stock rose 16.73% with the market. The institutional investor held 113,062 shares of the consumer services company at the end of 2018Q2, valued at $192.18M, up from 83,024 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Amazon.Com Inc for a number of months, seems to be bullish on the $960.94B market cap company. The stock decreased 0.99% or $19.68 during the last trading session, reaching $1970.19. About 3.64M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 102.53% since September 16, 2017 and is uptrending. It has outperformed by 86.91% the S&P500.

Nikko Asset Management Americas Inc, which manages about $3.82 billion and $3.35 billion US Long portfolio, decreased its stake in Bp Plc (NYSE:BP) by 118,690 shares to 424,345 shares, valued at $19.38 million in 2018Q2, according to the filing. It also reduced its holding in Occidental Petroleum Corp (NYSE:OXY) by 74,924 shares in the quarter, leaving it with 134,374 shares, and cut its stake in Anadarko Petroleum Corp (NYSE:APC).

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 Seekingalpha.com with their article: “Should You Be Buying Amazon?” published on September 12, 2018, Seekingalpha.com published: “At This Level, Does Amazon Stock Make Sense?” on September 12, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Senator Sanders introduces the BEZOS bill” published on September 05, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon’s Healthcare Strategy Takes Shape” with publication date: September 12, 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. $2057.65’s average target is 4.44% above currents $1970.19 stock price. Amazon had 43 analyst reports since April 5, 2018 according to SRatingsIntel. BMO Capital Markets maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, July 27 with “Outperform” rating. The company was maintained on Wednesday, June 27 by Loop Capital Markets. As per Friday, April 27, the company rating was maintained by Aegis Capital. The firm has “Overweight” rating by Morgan Stanley given on Thursday, April 19. The rating was maintained by SunTrust with “Buy” on Thursday, April 19. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Overweight” rating given on Wednesday, August 29 by Morgan Stanley. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Susquehanna on Friday, April 27. The firm has “Buy” rating by Jefferies given on Friday, July 27. The rating was maintained by Wedbush with “Outperform” on Friday, July 27. The rating was maintained by Credit Suisse with “Outperform” on Friday, July 27.

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

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