Voloridge Investment Management LLC Cut Amazon Com INC (AMZN) Stake by $76.36 Million

October 2, 2018 - By Adrian Mccoy

Amazon.com, Inc. (NASDAQ:AMZN) LogoInvestors sentiment increased to 1.34 in 2018 Q2. Its up 0.26, from 1.08 in 2018Q1. It is positive, 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. Anderson Hoagland & owns 8,110 shares or 7.69% of their US portfolio. Moreover, Mig Capital Limited Company has 3.88% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 16,100 shares. Birch Hill Investment Advisors Ltd Liability Company has invested 5.29% in Amazon.com, Inc. (NASDAQ:AMZN). Weatherly Asset Mgmt Limited Partnership invested in 6.1% or 15,390 shares. Hitchwood Mgmt Limited Partnership has 3.73% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 70,000 shares. 15,734 are owned by Chilton Cap Mngmt Limited Liability Com. Kings Point Management has 6,190 shares. Raymond James & Associate accumulated 341,429 shares. Security Natl Company holds 1.79% in Amazon.com, Inc. (NASDAQ:AMZN) or 3,169 shares. Bnp Paribas Asset Mgmt Sa has invested 1.74% in Amazon.com, Inc. (NASDAQ:AMZN). Evermay Wealth Management Ltd owns 3,449 shares. State Of Alaska Department Of Revenue owns 58,666 shares. Duff & Phelps Inv Mngmt Comm reported 4,230 shares. Rand Wealth Limited Liability has 0.44% invested in Amazon.com, Inc. (NASDAQ:AMZN). Ameritas Inv Prtnrs Inc has invested 1.86% in Amazon.com, Inc. (NASDAQ:AMZN).

Since May 2, 2018, it had 0 insider purchases, and 21 insider sales for $62.37 million activity. Another trade for 2,000 shares valued at $4.01M was sold by WILKE JEFFREY A. Shares for $3.66 million were sold by Zapolsky David on Wednesday, August 15. $952,500 worth of stock was sold by McGrath Judith A on Wednesday, August 15. $3.28 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Jassy Andrew R. STONESIFER PATRICIA Q had sold 1,375 shares worth $2.17 million. Reynolds Shelley had sold 435 shares worth $686,439.

Voloridge Investment Management Llc decreased its stake in Amazon Com Inc (AMZN) by 34.23% based on its latest 2018Q2 regulatory filing with the SEC. Voloridge Investment Management Llc sold 44,943 shares as the company’s stock rose 16.73% with the market. The institutional investor held 86,353 shares of the consumer services company at the end of 2018Q2, valued at $146.78 million, down from 131,296 at the end of the previous reported quarter. Voloridge Investment Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $977.61B market cap company. The stock increased 0.07% or $1.36 during the last trading session, reaching $2004.36. About 3.20 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 102.53% since October 2, 2017 and is uptrending. It has outperformed by 86.91% the S&P500.

Voloridge Investment Management Llc, which manages about $1.43 billion and $3.73B US Long portfolio, upped its stake in Shopify Inc by 58,779 shares to 106,379 shares, valued at $15.52 million in 2018Q2, according to the filing. It also increased its holding in Old Dominion Fght Lines Inc (NASDAQ:ODFL) by 39,603 shares in the quarter, for a total of 41,136 shares, and has risen its stake in Netapp Inc (NASDAQ:NTAP).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 25. They expect $3.21 EPS, up 517.31 % or $2.69 from last year’s $0.52 per share. AMZN’s profit will be $1.57 billion for 156.10 P/E if the $3.21 EPS becomes a reality. After $5.07 actual EPS 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: Usatoday.com which released: “Amazon becomes a major contender in digital advertising: A Foolish Take” on October 02, 2018, also Seekingalpha.com with their article: “Whatever They Told You About The Recent Amazon Share Rally Is Wrong – This Chart Shows Why” published on September 20, 2018, Fool.com published: “This Could Be Bigger Than E-Commerce for Amazon” on September 29, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Split decision for Amazon?” published on September 19, 2018 as well as Nasdaq.com‘s news article titled: “Amazon, Harley-Davidson Team Up on Online Storefront” with publication date: October 02, 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 had 45 analyst reports since April 5, 2018 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, July 27 by Credit Suisse. The firm has “Buy” rating by DA Davidson given on Thursday, June 14. On Monday, May 7 the stock rating was initiated by Telsey Advisory with “Buy”. DA Davidson maintained it with “Buy” rating and $2450 target in Wednesday, September 5 report. Canaccord Genuity maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, April 27 with “Buy” rating. JMP Securities maintained it with “Market Outperform” rating and $2075 target in Friday, July 27 report. The rating was downgraded by Stifel Nicolaus on Thursday, April 5 to “Hold”. Loop Capital Markets maintained Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, June 27 with “Buy” rating. UBS maintained it with “Buy” rating and $183000 target in Friday, April 27 report. PiperJaffray maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, July 27 with “Overweight” rating.

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

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