Amazon.Com INC (AMZN) Shareholder Telemark Asset Management LLC Has Cut Position by $7.49 Million

September 17, 2017 - By reb123z

Investors sentiment decreased to 1.26 in 2016 Q4. Its down 0.03, from 1.29 in 2016Q3. It worsened, as 126 investors sold AMZN shares while 478 reduced holdings. 157 funds opened positions while 606 raised stakes. 293.60 million shares or 2.70% less from 301.74 million shares in 2016Q3 were reported. 919 are owned by Staley Advisers. General Amer Invsts stated it has 20,000 shares or 1.52% of all its holdings. Dynamic Advsrs Solutions, Arizona-based fund reported 1,118 shares. Blue Ridge Capital Llc reported 361,700 shares or 3.42% of all its holdings. Davidson owns 83 shares. Lincoln Natl Corp stated it has 1,728 shares. Blb&B Advsr Limited Liability owns 1,294 shares. Wolverine Asset Mgmt stated it has 0.03% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). 131,856 are owned by Sumitomo Mitsui Asset Management Limited. Girard Partners Ltd holds 0.74% or 3,403 shares in its portfolio. Btim Corp invested in 0.01% or 515 shares. Tiger Glob Management Limited Liability Corporation reported 1.38 million shares or 12.9% of all its holdings. Oakwood Cap Mngmt Ltd Liability Ca reported 1.15% stake. Tiger Eye Cap Limited Liability Company invested in 1.38% or 12,456 shares. Henderson Group Inc Public Limited reported 0.8% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN).

Since May 2, 2017, it had 0 insider buys, and 13 selling transactions for $960.72 million activity. Blackburn Jeffrey M had sold 2,078 shares worth $1.99 million on Monday, May 15. ALBERG TOM A had sold 670 shares worth $630,102. The insider BEZOS JEFFREY P sold 1.00 million shares worth $940.74 million. 2,000 shares were sold by WILKE JEFFREY A, worth $1.90M. On Monday, May 15 the insider Zapolsky David sold $2.24M. Jassy Andrew R sold $1.90M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Monday, May 15.

Telemark Asset Management Llc decreased its stake in Amazon.Com Inc (AMZN) by 14.29% based on its latest 2016Q4 regulatory filing with the SEC. Telemark Asset Management Llc sold 10,000 shares as the company’s stock rose 13.58% with the market. The hedge fund held 60,000 shares of the consumer services company at the end of 2016Q4, valued at $44.99M, down from 70,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Amazon.Com Inc for a number of months, seems to be less bullish one the $474.03B market cap company. The stock decreased 0.55% or $5.42 on September 15, reaching $986.79. About 3.76 million shares traded or 20.13% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since September 17, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Investors wait Amazon.com, Inc. (NASDAQ:AMZN) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.04 earnings per share, down $0.48 or 92.31 % from last year’s $0.52 same quarter earnings. This translates into $19.22 million profit for AMZN giving the stock a 6167.44 P/E. This is assuming the current $0.04 EPS is accurate. Amazon.com, Inc.’s Wall Street analysts see -90.00 % negative EPS growth, taking into account the $0.40 EPS reproted in the previous quarter,

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Investorplace.com which released: “6 Reasons to Dump Amazon.com, Inc. (AMZN) Stock and Related ETF Strategies” on September 08, 2017, also Investorplace.com with their article: “Amazon.com, Inc. (AMZN), eBay Inc (EBAY) Accused of Ignoring Tax Fraud” published on September 14, 2017, Fool.com published: “You Wouldn’t Believe the Size of Amazon.com, Inc.’s Cash Flows” on September 01, 2017. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Fool.com and their article: “Better Buy: Amazon.com, Inc. vs Google” published on August 30, 2017 as well as Seekingalpha.com‘s news article titled: “Amazon.Com: Google Does A Stealth Cloud Pricing Cut” with publication date: September 14, 2017.

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

Among 45 analysts covering Amazon.com (NASDAQ:AMZN), 41 have Buy rating, 0 Sell and 4 Hold. Therefore 91% are positive. Amazon.com has $130000 highest and $105 lowest target. $1021.31’s average target is 3.50% above currents $986.79 stock price. Amazon.com had 195 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Argus Research to “Buy” on Thursday, September 22. Oppenheimer maintained the shares of AMZN in report on Friday, June 16 with “Buy” rating. As per Wednesday, August 26, the company rating was upgraded by Evercore. The rating was maintained by Axiom Capital with “Buy” on Tuesday, November 1. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, July 29 by Wedbush. The rating was maintained by UBS on Friday, February 3 with “Buy”. On Wednesday, September 2 the stock rating was maintained by Monness Crespi & Hardt with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report. The rating was upgraded by Vetr on Friday, August 21 to “Hold”. The company was maintained on Wednesday, November 11 by Morgan Stanley.

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