As Amazon Com (AMZN) Market Value Rose, Holder Whale Rock Capital Management Has Decreased by $60.44 Million Its Stake; Wellington Shields Capital Management Upped Its Bank Of America (BAC) Holding

June 24, 2018 - By Ash

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Wellington Shields Capital Management Llc increased its stake in Bank Of America Corp (BAC) by 150.78% based on its latest 2018Q1 regulatory filing with the SEC. Wellington Shields Capital Management Llc bought 40,930 shares as the company’s stock declined 6.97% with the market. The institutional investor held 68,075 shares of the major banks company at the end of 2018Q1, valued at $2.04 million, up from 27,145 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $293.94B market cap company. The stock decreased 1.02% or $0.3 during the last trading session, reaching $28.99. About 77.35M shares traded or 15.78% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 24, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 16/04/2018 – Bank of America 1Q Efficiency Ratio 60%; 27/04/2018 – Ex-Bank of America executive seeks $100 million in damages in defamation claim; 03/05/2018 – BofA’s Capital Markets Head Murphy Is Said to Join Silver Lake; 02/04/2018 – Warren Buffett just made a quick $12 billion on a clever Bank of America investment; 29/03/2018 – CORRECTED-Japan regulator says Deutsche, Bank of America violated Japan law in bond-price fixing; 03/04/2018 – Bank of America says buy Nvidia into the tech slide because a big year for chipmaker is ahead; 16/04/2018 – BANK OF AMERICA – QTRLY NET CHARGE-OFFS DECLINED $23 MILLION TO $911 MILLION; 14/05/2018 – MORGAN STANLEY HIRES SEMICONDUCTOR HEAD FROM BANK OF AMERICA; 15/05/2018 – BANK OF AMERICA APRIL CREDIT-CARD WRITE-OFFS 2.96% :3481126Z US; 19/03/2018 – Global Loan Issuance Falls 40% This Year, BofA Leads

Alex Sacerdote decreased its stake in Amazon Com Inc (AMZN) by 18.47% based on its latest 2018Q1 regulatory filing with the SEC. Whale Rock Capital Management Llc sold 41,768 shares as the company’s stock rose 5.80% while stock markets declined. The hedge fund run by Alex Sacerdote held 184,336 shares of the consumer services company at the end of 2018Q1, valued at $266.80M, down from 226,104 at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $832.49 billion market cap company. The stock decreased 0.84% or $14.55 during the last trading session, reaching $1715.67. About 3.37 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 24, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 11/05/2018 – Recode Daily: Amazon and Google are fighting again Plus, Spotify drops R. Kelly from its playlists as part of its new rules about hate content; House Democrats release all the politically divisive Russia-linked Facebook ads; sending inaudible secret commands to Siri and Alexa; 21/03/2018 – Watch Erik Nordstrom and Don Kingsborough onstage at Code Commerce: Not everyone has to become Amazon A Nordstrom store is still a “place of discovery.”; 28/03/2018 – Miscommunications at Work Impact the Bottom Line, Study Finds; 23/04/2018 – Inside Amazon’s Possible Plan to Build a Domestic Robot (Video); 10/04/2018 – Engadget: Amazon reshuffles its TV team in fight against Netflix; 07/05/2018 – Snap snags new finance chief from Amazon; 31/05/2018 – WRAL NEWS in NC: Latest on Amazon HQ: Focus turns to downtown Raleigh; 27/03/2018 – Tech companies, like Amazon, Apple and IBM, all cover the surgery; 05/03/2018 – New York Post: Amazon is in talks to launch checking accounts; 02/04/2018 – Dow drops 300 points, Amazon leads tech lower

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.52 earnings per share, up 530.00% or $2.12 from last year’s $0.4 per share. AMZN’s profit will be $1.22B for 170.21 P/E if the $2.52 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.94% negative EPS growth.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “Amazon’s Cloud Strength Continues” on May 31, 2018, also Seekingalpha.com with their article: “Microsoft takes aim at Amazon Go” published on June 14, 2018, Fool.com published: “Google Adds Another Weapon in Its Battle Against Amazon” on June 23, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Benzinga.com and their article: “Trump Pitches Fixing, Then Privatizing US Postal Service” published on June 22, 2018 as well as 247Wallst.com‘s news article titled: “Amazon Becomes Credit Card King Maker” with publication date: June 23, 2018.

Since February 15, 2018, it had 0 insider buys, and 21 sales for $63.19 million activity. Shares for $3.22 million were sold by Olsavsky Brian T. $18.50M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Blackburn Jeffrey M on Thursday, February 15. 1,726 shares valued at $2.72M were sold by Jassy Andrew R on Tuesday, May 15. $795,502 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Reynolds Shelley. ALBERG TOM A sold $1.01 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, February 21. Shares for $2.17 million were sold by STONESIFER PATRICIA Q.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $2.94 billion US Long portfolio, upped its stake in Monolithic Pwr Sys Inc (NASDAQ:MPWR) by 70,087 shares to 317,479 shares, valued at $36.76M in 2018Q1, according to the filing. It also increased its holding in Zendesk Inc (NYSE:ZEN) by 110,547 shares in the quarter, for a total of 1.92 million shares, and has risen its stake in Pros Holdings Inc (NYSE:PRO).

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.21, from 1.29 in 2017Q4. It dropped, 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. Drexel Morgan & Communication has 1.49% invested in Amazon.com, Inc. (NASDAQ:AMZN). Ontario Teachers Pension Plan Board invested in 42,757 shares. Sns Fin Grp has invested 0.25% in Amazon.com, Inc. (NASDAQ:AMZN). Arete Wealth Advsr Llc has 0.65% invested in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Ledyard State Bank has 1.4% invested in Amazon.com, Inc. (NASDAQ:AMZN). Noesis Mangement Corp holds 0.34% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 634 shares. Ajo Lp holds 0.06% or 9,548 shares. Camarda Advisors Limited Liability Company, Florida-based fund reported 71 shares. Fiduciary Tru reported 31,569 shares or 1.41% of all its holdings. Van Eck Associates reported 36,060 shares. Everett Harris & Ca holds 45,201 shares or 1.81% of its portfolio. Rafferty Asset Mngmt Lc accumulated 1,480 shares. Connable Office holds 1.02% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 3,568 shares. Bragg Fincl stated it has 890 shares. Meristem Llp reported 0.56% in Amazon.com, Inc. (NASDAQ:AMZN).

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 307 analyst reports since July 21, 2015 according to SRatingsIntel. Axiom Capital maintained the shares of AMZN in report on Tuesday, November 1 with “Buy” rating. JMP Securities maintained the stock with “Market Outperform” rating in Friday, February 2 report. Monness Crespi & Hardt downgraded the shares of AMZN in report on Monday, January 4 to “Neutral” rating. The stock has “Buy” rating by Guggenheim on Thursday, December 14. The stock has “Buy” rating by Citigroup on Monday, November 28. Piper Jaffray reinitiated the stock with “Overweight” rating in Tuesday, January 3 report. Wolfe Research upgraded Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 23. Wolfe Research has “Buy” rating and $2000.0 target. On Wednesday, July 12 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, March 29. Barclays Capital maintained Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, December 1 with “Overweight” rating.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It turned negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Pitcairn invested in 116,049 shares or 0.37% of the stock. Garnet Equity Capital Hldg has invested 4.93% in Bank of America Corporation (NYSE:BAC). Moreover, Orleans Management La has 2.12% invested in Bank of America Corporation (NYSE:BAC). Clarivest Asset Limited holds 0.36% or 701,926 shares. Spears Abacus Limited Liability Com holds 0.08% in Bank of America Corporation (NYSE:BAC) or 19,321 shares. Cambridge accumulated 0.61% or 320,258 shares. 888,700 were reported by Picton Mahoney Asset Mngmt. Jones Financial Lllp holds 0% of its portfolio in Bank of America Corporation (NYSE:BAC) for 16,908 shares. Js Mngmt Limited Liability Corporation stated it has 937,300 shares. Cornerstone Advsrs holds 394,300 shares or 1.41% of its portfolio. Kempner holds 258,581 shares. Systematic LP owns 427,144 shares or 0.28% of their US portfolio. Jaffetilchin Investment Prns Limited owns 33,295 shares for 0.22% of their portfolio. Cim Invest Mangement Inc owns 0.8% invested in Bank of America Corporation (NYSE:BAC) for 78,076 shares. Moreover, Boothbay Fund Ltd has 0.19% invested in Bank of America Corporation (NYSE:BAC).

Wellington Shields Capital Management Llc, which manages about $901.02 million and $661.54M US Long portfolio, decreased its stake in United Natural Foods Inc (NASDAQ:UNFI) by 10,000 shares to 63,020 shares, valued at $2.71M in 2018Q1, according to the filing. It also reduced its holding in Compass Minerals International (NYSE:CMP) by 6,725 shares in the quarter, leaving it with 9,335 shares, and cut its stake in Duke Energy Corp (NYSE:DUK).

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