As Eastman Chem Co (EMN) Stock Price Declined, Holder Hsbc Holdings Plc Cut Stake; Passport Capital Lifted Position in Amazon Com (AMZN)

January 14, 2018 - By Clifton Ray

John Burbank increased its stake in Amazon Com Inc (AMZN) by 104.99% based on its latest 2017Q3 regulatory filing with the SEC. Passport Capital Llc bought 12,818 shares as the company’s stock rose 13.58% with the market. The hedge fund run by John Burbank held 25,027 shares of the consumer services company at the end of 2017Q3, valued at $24.06M, up from 12,209 at the end of the previous reported quarter. Passport Capital Llc who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $628.94B market cap company. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44 million shares traded or 53.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Hsbc Holdings Plc decreased its stake in Eastman Chem Co (EMN) by 14.91% based on its latest 2017Q3 regulatory filing with the SEC. Hsbc Holdings Plc sold 50,291 shares as the company’s stock declined 2.09% while stock markets rallied. The institutional investor held 287,043 shares of the major chemicals company at the end of 2017Q3, valued at $25.99 million, down from 337,334 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Eastman Chem Co for a number of months, seems to be less bullish one the $14.00 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $97.43. About 887,430 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since January 14, 2017 and is uptrending. It has underperformed by 9.10% the S&P500.

Since August 3, 2017, it had 0 insider purchases, and 3 insider sales for $934,680 activity. Shares for $117,936 were sold by COX MARK K on Thursday, August 3. Another trade for 4,000 shares valued at $337,720 was made by HORNBAKER RENEE J on Tuesday, August 22.

Among 16 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. Eastman Chemical Company had 50 analyst reports since July 30, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, October 10 by Nomura. Nomura maintained the stock with “Buy” rating in Monday, July 11 report. As per Monday, October 30, the company rating was maintained by Wells Fargo. JP Morgan maintained Eastman Chemical Company (NYSE:EMN) on Monday, October 30 with “Overweight” rating. The company was initiated on Friday, July 1 by Susquehanna. Citigroup downgraded the shares of EMN in report on Wednesday, September 7 to “Neutral” rating. The stock of Eastman Chemical Company (NYSE:EMN) has “Hold” rating given on Monday, July 10 by RBC Capital Markets. The stock of Eastman Chemical Company (NYSE:EMN) has “Buy” rating given on Tuesday, October 10 by Deutsche Bank. The stock has “Hold” rating by RBC Capital Markets on Sunday, July 30. Citigroup maintained the shares of EMN in report on Wednesday, July 12 with “Neutral” rating.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.04, from 1.14 in 2017Q2. It improved, as 32 investors sold EMN shares while 175 reduced holdings. 67 funds opened positions while 178 raised stakes. 115.86 million shares or 0.58% less from 116.54 million shares in 2017Q2 were reported. Piedmont Investment Advsrs Ltd Liability Com owns 14,096 shares. Pggm accumulated 333,625 shares. Nomura holds 0% or 7,339 shares in its portfolio. Contravisory Investment Management Incorporated invested 0.11% in Eastman Chemical Company (NYSE:EMN). Duncker Streett And Communications has 100 shares. Trexquant Inv Lp holds 0.09% or 4,094 shares. The Vermont-based Of Vermont has invested 0% in Eastman Chemical Company (NYSE:EMN). Tower Rech Cap Ltd (Trc) invested 0% in Eastman Chemical Company (NYSE:EMN). Highvista Strategies Ltd Llc, a Massachusetts-based fund reported 2,800 shares. Boys Arnold holds 13,519 shares or 0.19% of its portfolio. Hudock Cap Gp Limited Liability Co invested 0.05% in Eastman Chemical Company (NYSE:EMN). Mckinley Cap Management Limited Liability Corp Delaware has invested 0.01% in Eastman Chemical Company (NYSE:EMN). Park Oh stated it has 0.02% in Eastman Chemical Company (NYSE:EMN). Bbva Compass National Bank & Trust owns 45,178 shares. Hsbc Public Limited Com accumulated 287,043 shares or 0.04% of the stock.

Hsbc Holdings Plc, which manages about $62.42 billion US Long portfolio, upped its stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 15,217 shares to 19,194 shares, valued at $1.65M in 2017Q3, according to the filing. It also increased its holding in Csx Corp (NYSE:CSX) by 859,956 shares in the quarter, for a total of 874,456 shares, and has risen its stake in Freeport (NYSE:FCX).

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on January, 25. They expect $1.12 EPS, down 25.83% or $0.39 from last year’s $1.51 per share. EMN’s profit will be $160.98 million for 21.75 P/E if the $1.12 EPS becomes a reality. After $2.19 actual EPS reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts -48.86% negative EPS growth.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It fall, 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. King Luther Cap Management Corp stated it has 302,859 shares. Dsc LP invested in 268 shares or 0.08% of the stock. Citadel Advisors Ltd Liability Corporation owns 213,161 shares for 0.16% of their portfolio. 378 are owned by Bragg Advisors Inc. Antipodean Advisors Limited Liability Corp has invested 4.83% in Amazon.com, Inc. (NASDAQ:AMZN). West Coast Fincl Ltd Com reported 245 shares or 0.06% of all its holdings. First Washington invested 1.69% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Blackrock reported 24.21 million shares. Comgest Sas holds 3,400 shares. Mycio Wealth Ltd Liability Company has invested 0.19% in Amazon.com, Inc. (NASDAQ:AMZN). Howard Cap Management holds 20,915 shares. 19,910 were reported by United Amer Secs (D B A Uas Asset Management). 2,789 are held by Highstreet Asset Mgmt. Vision Capital holds 3.13% or 10,242 shares in its portfolio. Veritable LP holds 13,399 shares.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Nomura on Friday, July 24. The firm has “Buy” rating by Mizuho given on Friday, September 23. Monness Crespi & Hardt maintained the shares of AMZN in report on Wednesday, September 2 with “Buy” rating. Morgan Stanley maintained the shares of AMZN in report on Thursday, July 20 with “Overweight” rating. The stock has “Outperform” rating by Wedbush on Friday, April 29. The firm has “Buy” rating given on Friday, January 20 by Aegis Capital. DA Davidson initiated the stock with “Buy” rating in Thursday, September 7 report. The stock has “Buy” rating by Canaccord Genuity on Friday, July 29. Oppenheimer maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, January 29. Oppenheimer has “Outperform” rating and $700 target. The rating was maintained by UBS on Friday, January 29 with “Buy”.

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