As Amazon Com INC (AMZN) Shares Rose, Checchi Capital Advisers LLC Decreased Its Stake by $77.88 Million

April 17, 2018 - By Mark Mitchell

Amazon.com, Inc. (NASDAQ:AMZN) Corporate LogoBig Money Sentiment increased to 1.29 in Q4 2017. It has change of 0.03, from 2017Q3’s 1.26. The ratio increased due to AMZN positioning: 69 sold and 578 reduced. 168 funds acquired positions and 667 increased positions. Investors holded 279.77 million in 2017Q3 but now own 280.02 million shares or 0.09% more. Bragg owns 393 shs for 0.07% of their capital. Glg Ltd Company holds 1.69% or 20,146 shs. Altavista Wealth Mngmt has invested 1.14% in Amazon.com, Inc. (NASDAQ:AMZN). Metropolitan Life Insurance Company Ny reported 79,019 shs stake. Ballentine Ptnrs Limited Liability stated it has 0.17% in Amazon.com, Inc. (NASDAQ:AMZN). Stock Yards Retail Bank holds 1.51% or 11,735 shs. 633 are held by Burt Wealth Advsr. Maryland-based Chevy Chase Hldgs has invested 2.01% in Amazon.com, Inc. (NASDAQ:AMZN). Montag A & Associate holds 0.46% or 4,063 shs. Stevens Mgmt Lp reported 4,251 shs. Brinker Capital holds 0.37% in Amazon.com, Inc. (NASDAQ:AMZN) or 8,042 shs. Washington Tru stated it has 37,253 shs. Somerset Grp Limited Company holds 2.38% or 2,433 shs in its capital. Old Commercial Bank In stated it has 0.15% of its capital in Amazon.com, Inc. (NASDAQ:AMZN). Adage Cap Prns Group Incorporated Limited Liability accumulated 594,583 shs.

AMZN had 13 selling transactions and 0 insider buys since December 7, 2017. This’s net activity of $45.88 million. WILKE JEFFREY A sold $3.25 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Thursday, December 7. Reynolds Shelley also sold $795,502 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Thursday, February 15. Shares for $2.90M were sold by Jassy Andrew R on Thursday, February 15. ALBERG TOM A sold 2,285 shs worth $3.35M. $18.50M worth of stock was sold by Blackburn Jeffrey M on Thursday, February 15. On Thursday, February 15 Olsavsky Brian T sold $3.42M worth of Amazon.com, Inc. (NASDAQ:AMZN).

Based on the latest 2017Q4 regulatory filing with the SEC, Checchi Capital Advisers Llc reduced its holdings in Amazon Com Inc (AMZN) by 93.96%. By selling 66,619 shares Checchi Capital Advisers Llc made the stock popped up with 28.13%. The consumer services company announced $5.01M value for the 2017Q4. Now the institutional investor is holding 4,281 shares, compared to the 70,900 from the previous quarter. $697.84B is Amazon Com Inc’s MC. Its shares touched $1441.5 on during the last trading session after 0.75% change.Amazon.com, Inc. has volume of 2.63M shares. Since April 17, 2017 AMZN has risen 76.78% and is uptrending. The stock outperformed the S&P 500 by 65.23%.

For a total of 834,000 shares it increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 87,400 shares in the quarter, and has risen its stake in Vanguard Index Fds (VUG).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26. They expect $1.19 EPS, down 19.59 % or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09M for 302.84 P/E if the $1.19 EPS becomes a reality. After $2.16 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91 % negative EPS growth.

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

In total 39 analysts cover Amazon (NASDAQ:AMZN). “Buy” rating has 38, “Sell” are 0, while 1 are “Hold”. 97% are bullish. With $2000.0 highest and $1100.0 lowest [Target] Amazon has $1646.28 average [Target] or 14.21% above the current ($1441.5) price. 73 are the (NASDAQ:AMZN)’s analyst reports since October 18, 2017 according to StockzIntelligence Inc. On Thursday, December 14 the stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Guggenheim. On Friday, February 2 the rating was maintained by PiperJaffray with “Overweight”. On Tuesday, January 23 the rating was maintained by Loop Capital with “Buy”. On Friday, October 27 Jefferies maintained the shares of AMZN in report with “Buy” rating. On Wednesday, January 3 the company was maintained by Cowen & Co. On Friday, October 27 Wells Fargo maintained Amazon.com, Inc. (NASDAQ:AMZN) with “Buy” rating. On Friday, October 27 the stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given by Needham. On Friday, October 27 SunTrust maintained Amazon.com, Inc. (NASDAQ:AMZN) rating. SunTrust has “Buy” rating and $1270.0 target. On Friday, October 27 the firm has “Buy” rating by Aegis Capital given. On Tuesday, January 30 Monness maintained Amazon.com, Inc. (NASDAQ:AMZN) with “Buy” rating.

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

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