Palladium Partners Cut Stake in Apple Com (AAPL) by $506,352 as Valuation Rose; Amazon Com (AMZN) Valuation Rose While Light Street Capital Management Trimmed Position by $2.40 Million

February 21, 2018 - By mmahotstuff

Glen Kacher decreased its stake in Amazon Com Inc (AMZN) by 4.35% based on its latest 2017Q3 regulatory filing with the SEC. Light Street Capital Management Llc sold 2,500 shares as the company’s stock rose 13.58% with the market. The hedge fund run by Glen Kacher held 55,000 shares of the consumer services company at the end of 2017Q3, valued at $52.87M, down from 57,500 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $719.58B market cap company. The stock increased 1.23% or $18.06 during the last trading session, reaching $1486.41. About 5.85 million shares traded or 20.21% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 21, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Palladium Partners Llc decreased its stake in Apple Inc Com (AAPL) by 1.03% based on its latest 2017Q3 regulatory filing with the SEC. Palladium Partners Llc sold 3,288 shares as the company’s stock rose 12.78% with the market. The institutional investor held 314,969 shares of the computer manufacturing company at the end of 2017Q3, valued at $48.54 million, down from 318,257 at the end of the previous reported quarter. Palladium Partners Llc who had been investing in Apple Inc Com for a number of months, seems to be less bullish one the $871.77 billion market cap company. The stock decreased 0.02% or $0.04 during the last trading session, reaching $171.81. About 31.38 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 21, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Since August 24, 2017, it had 0 insider buys, and 6 insider sales for $27.32 million activity. AHRENDTS ANGELA J sold $9.78 million worth of stock. $43.15M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by COOK TIMOTHY D. 56,808 Apple Inc. (NASDAQ:AAPL) shares with value of $8.79M were sold by SCHILLER PHILIP W. $2.65 million worth of Apple Inc. (NASDAQ:AAPL) was sold by Riccio Daniel J..

Palladium Partners Llc, which manages about $1.69B and $1.31B US Long portfolio, upped its stake in Blackrock Inc Com (NYSE:BLK) by 732 shares to 15,906 shares, valued at $7.11 million in 2017Q3, according to the filing. It also increased its holding in Spdr Series Trust Blomberg Brc (SCPB) by 25,246 shares in the quarter, for a total of 53,228 shares, and has risen its stake in Pepsico Inc Com (NYSE:PEP).

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Cutter And Co Brokerage Inc owns 0.83% invested in Apple Inc. (NASDAQ:AAPL) for 13,602 shares. Levy Harkins & Incorporated owns 8.58% invested in Apple Inc. (NASDAQ:AAPL) for 169,202 shares. Cypress Mngmt Limited Liability Co (Wy) reported 33,086 shares. Livingston Grp Asset Mngmt (Operating As Southport Capital Management) has invested 3.25% of its portfolio in Apple Inc. (NASDAQ:AAPL). Hexavest reported 2.64% in Apple Inc. (NASDAQ:AAPL). Gm Advisory stated it has 1.55% in Apple Inc. (NASDAQ:AAPL). Ubs Oconnor Ltd Llc holds 0.07% or 20,000 shares. Reilly Herbert Faulkner Iii owns 36,474 shares or 3.41% of their US portfolio. Holderness Invs Com reported 30,467 shares stake. Quantum Capital Mngmt reported 14,069 shares. Hutchinson Capital Mgmt Ca invested in 3,230 shares. Todd Asset Management Limited Company reported 266,188 shares. First Personal Ser owns 30,540 shares or 0.99% of their US portfolio. Redwood Invests Llc owns 155,483 shares. First Merchants reported 2.2% stake.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Oppenheimer on Tuesday, August 1. The rating was initiated by Sterne Agee CRT with “Buy” on Tuesday, September 29. The firm has “Buy” rating given on Wednesday, April 27 by Nomura. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, January 27. Morgan Stanley has “Overweight” rating and $135 target. The stock of Apple Inc. (NASDAQ:AAPL) earned “Overweight” rating by Barclays Capital on Friday, July 15. The stock has “Outperform” rating by Wells Fargo on Friday, September 11. The firm earned “Market Perform” rating on Monday, October 26 by Cowen & Co. The rating was maintained by Goldman Sachs on Thursday, June 2 with “Buy”. The rating was upgraded by Morgan Stanley to “Buy” on Tuesday, June 13. Maxim Group maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, January 12. Maxim Group has “Buy” rating and $204.0 target.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.72 EPS, up 29.52% or $0.62 from last year’s $2.1 per share. AAPL’s profit will be $13.80 billion for 15.79 P/E if the $2.72 EPS becomes a reality. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

Since August 21, 2017, it had 0 insider purchases, and 1 insider sale for $3.25 million activity.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It dived, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Board Of Trustees Of The Leland Stanford Junior University accumulated 1,000 shares or 0.07% of the stock. First Long Island Limited Liability Company stated it has 3.19% in Amazon.com, Inc. (NASDAQ:AMZN). Geode Capital Management Ltd Limited Liability Company holds 1.46% or 4.13M shares in its portfolio. Baker Avenue Asset Mngmt Ltd Partnership, California-based fund reported 5,551 shares. Wcm Mgmt Ca has invested 0.78% in Amazon.com, Inc. (NASDAQ:AMZN). Stifel Financial holds 167,719 shares. Mark Asset Mgmt invested in 29,694 shares. Nikko Asset Americas invested 2.49% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Guardian Capital LP holds 0% or 321 shares. Sands Ltd Liability Corporation reported 1.85M shares stake. Whittier Tru Communication Of Nevada Incorporated owns 1.66% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 18,551 shares. Schnieders Capital Mgmt Ltd Llc holds 1,136 shares. Miles Capital reported 743 shares stake. First In has invested 0.25% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Creative Planning invested in 85,346 shares.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26. They expect $1.19 earnings per share, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09 million for 312.27 P/E if the $1.19 EPS becomes a reality. After $2.16 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth.

Light Street Capital Management Llc, which manages about $928.09M and $1.22B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 25,000 shares to 475,000 shares, valued at $81.16 million in 2017Q3, according to the filing. It also increased its holding in Shopify Inc by 165,000 shares in the quarter, for a total of 365,000 shares, and has risen its stake in Logmein Inc (NASDAQ:LOGM).

Among 53 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 273 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, September 18 by Stifel Nicolaus. The stock has “Buy” rating by UBS on Friday, January 29. The firm has “Outperform” rating given on Wednesday, July 22 by JMP Securities. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, July 12 report. The firm earned “Buy” rating on Tuesday, February 13 by Macquarie Research. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, October 11 report. The rating was maintained by Goldman Sachs with “Buy” on Friday, April 29. UBS maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 3. UBS has “Buy” rating and $930 target. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Neutral” rating given on Friday, July 29 by Suntrust Robinson. Piper Jaffray maintained it with “Overweight” rating and $650 target in Friday, July 24 report.

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