Amazon.Com INC (AMZN) Holder Nikko Asset Management Americas INC Increased Stake by $51.03 Million as Share Value Rose

September 16, 2018 - By Rene Reddy

Amazon.com, Inc. (NASDAQ:AMZN) LogoInvestors sentiment increased to 1.34 in Q2 2018. Its up 0.26, from 1.08 in 2018Q1. It increased, 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. Castleark Mngmt invested in 39,930 shares or 2.09% of the stock. Waratah Limited accumulated 340 shares. Wedge Management L LP Nc reported 365 shares. Hl Fincl Ser Limited Liability Co reported 3,936 shares. Moreover, Rothschild Invest Il has 0.45% invested in Amazon.com, Inc. (NASDAQ:AMZN). 21,359 are owned by Bbva Compass Fincl Bank. Dodge & Cox accumulated 780 shares or 0% of the stock. Barclays Pcl reported 0.99% in Amazon.com, Inc. (NASDAQ:AMZN). 4.71 million were reported by Northern. Macroview Mngmt Lc accumulated 8 shares. Crystal Rock Management invested in 1,200 shares or 1.46% of the stock. Kcm Invest Advisors Limited Liability owns 9,968 shares for 1.04% of their portfolio. Cwm Ltd Limited Liability Company owns 1,644 shares. Cap World holds 9.74 million shares or 3.54% of its portfolio. 10,073 are held by Churchill Management.

Since March 20, 2018, it had 0 insider purchases, and 20 selling transactions for $58.40 million activity. Another trade for 1,375 shares valued at $2.17M was made by STONESIFER PATRICIA Q on Wednesday, May 2. WILKE JEFFREY A had sold 1,230 shares worth $2.32 million on Tuesday, August 21. Shares for $3.22M were sold by Olsavsky Brian T on Tuesday, May 15. On Tuesday, May 15 the insider Blackburn Jeffrey M sold $3.23 million. Reynolds Shelley also sold $824,513 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, August 15. The insider Zapolsky David sold $3.03M.

Nikko Asset Management Americas Inc increased its stake in Amazon.Com Inc (AMZN) by 36.18% based on its latest 2018Q2 regulatory filing with the SEC. Nikko Asset Management Americas Inc bought 30,038 shares as the company’s stock rose 16.73% with the market. The institutional investor held 113,062 shares of the consumer services company at the end of 2018Q2, valued at $192.18 million, up from 83,024 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Amazon.Com Inc for a number of months, seems to be bullish on the $960.94 billion market cap company. The stock decreased 0.99% or $19.68 during the last trading session, reaching $1970.19. About 3.64M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 102.53% since September 16, 2017 and is uptrending. It has outperformed by 86.91% the S&P500.

Nikko Asset Management Americas Inc, which manages about $3.82B and $3.35 billion US Long portfolio, decreased its stake in International Paper Co (NYSE:IP) by 92,949 shares to 332,313 shares, valued at $17.31 million in 2018Q2, according to the filing. It also reduced its holding in Royal Dutch Shell Plc by 105,242 shares in the quarter, leaving it with 376,263 shares, and cut its stake in Weyerhaeuser Co (NYSE:WY).

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Amazon (AMZN) to Expand Online Grocery Service in Mexico” on September 01, 2018, also Seekingalpha.com with their article: “Senator Sanders introduces the BEZOS bill” published on September 05, 2018, Nasdaq.com published: “Amazon (AMZN) Announces Availability of Amazon RDS on VMware” on August 28, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “Now Is the Perfect Time to Buy Alphabet Stock” published on September 15, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon: 5 Reasons To Avoid This Stock” with publication date: September 10, 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 has $2500 highest and $1550 lowest target. $2057.65’s average target is 4.44% above currents $1970.19 stock price. Amazon had 43 analyst reports since April 5, 2018 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, May 29 by M Partners. The firm earned “Buy” rating on Thursday, May 3 by Tigress Financial. Morgan Stanley maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Wednesday, August 29. Morgan Stanley has “Overweight” rating and $2500 target. The stock has “Outperform” rating by BMO Capital Markets on Friday, July 27. The rating was maintained by Loop Capital Markets with “Buy” on Wednesday, June 27. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Thursday, April 19 by Piper Jaffray. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Monness on Wednesday, April 11. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, April 27 report. The firm earned “Buy” rating on Monday, May 7 by Telsey Advisory. The stock has “Buy” rating by Piper Jaffray on Friday, April 27.

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

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