Thomaspartners Decreased By $198.91 Million Its American Express Co (AXP) Position; Chinanet Online Holdings (CNET) Shorts Raised By 36.9%

January 14, 2018 - By Ellis Scott

Thomaspartners Inc decreased American Express Co (AXP) stake by 98.85% reported in 2017Q3 SEC filing. Thomaspartners Inc sold 2.21 million shares as American Express Co (AXP)’s stock declined 3.65%. The Thomaspartners Inc holds 25,652 shares with $2.32 million value, down from 2.24 million last quarter. American Express Co now has $87.64 billion valuation. The stock increased 0.24% or $0.24 during the last trading session, reaching $100.97. About 3.23 million shares traded or 0.69% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since January 14, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Chinanet Online Holdings Incorporated (NASDAQ:CNET) had an increase of 36.9% in short interest. CNET’s SI was 117,600 shares in January as released by FINRA. Its up 36.9% from 85,900 shares previously. With 71,600 avg volume, 2 days are for Chinanet Online Holdings Incorporated (NASDAQ:CNET)’s short sellers to cover CNET’s short positions. The SI to Chinanet Online Holdings Incorporated’s float is 1.56%. The stock decreased 24.76% or $1.58 during the last trading session, reaching $4.8. About 7.54M shares traded or 168.48% up from the average. ChinaNet Online Holdings, Inc. (NASDAQ:CNET) has declined 15.56% since January 14, 2017 and is downtrending. It has underperformed by 32.26% the S&P500.

ChinaNet Online Holdings, Inc., through its subsidiaries, operates an integrated service platform that provides advertising and marketing services in the PeopleÂ’s Republic of China. The company has market cap of $59.23 million. The Company’s platform comprises CloundX, an omni-channel advertising and marketing system; and a data analysis management system. It currently has negative earnings. The firm offers Internet advertising, precision marketing, and related value added services through its Internet advertising portals, including 28.com; liansuo.com; zhifuwang.cn; and wp28.com.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It is positive, as 47 investors sold AXP shares while 434 reduced holdings. 100 funds opened positions while 297 raised stakes. 709.03 million shares or 0.92% less from 715.61 million shares in 2017Q2 were reported. Private Na reported 0.13% in American Express Company (NYSE:AXP). Omers Administration holds 36,500 shares. Sumitomo Mitsui Asset Management Limited invested 0.12% in American Express Company (NYSE:AXP). Moreover, Commonwealth Equity Services has 0.08% invested in American Express Company (NYSE:AXP). Btr Management Incorporated, a California-based fund reported 4,410 shares. Daiwa Securities Grp Incorporated accumulated 68,241 shares. Shine Investment Advisory Ser holds 793 shares or 0.04% of its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, a Germany-based fund reported 33,343 shares. Pioneer Tru Fincl Bank N A Or holds 0.21% in American Express Company (NYSE:AXP) or 4,540 shares. Regal Advsr Limited Liability holds 0.49% or 23,158 shares in its portfolio. Tnb Fincl has invested 0.15% in American Express Company (NYSE:AXP). Clenar Muke Llc owns 0.04% invested in American Express Company (NYSE:AXP) for 10,569 shares. Jefferies Group holds 646 shares. Thompson Siegel & Walmsley Limited Liability Corp reported 0.09% stake. South Dakota Inv Council holds 0.08% in American Express Company (NYSE:AXP) or 43,580 shares.

Analysts await American Express Company (NYSE:AXP) to report earnings on January, 18 after the close. They expect $1.54 earnings per share, up 69.23% or $0.63 from last year’s $0.91 per share. AXP’s profit will be $1.34 billion for 16.39 P/E if the $1.54 EPS becomes a reality. After $1.50 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

Since July 31, 2017, it had 0 insider purchases, and 11 insider sales for $38.86 million activity. Sobbott Susan also sold $506,340 worth of American Express Company (NYSE:AXP) on Thursday, September 7. 10,230 shares were sold by Bush James Peter, worth $926,361 on Monday, October 2. Gupta Ashwini had sold 56,680 shares worth $5.63 million. $9.38M worth of stock was sold by CHENAULT KENNETH I on Thursday, December 14. Zukauckas Linda sold 3,196 shares worth $304,962. On Monday, December 11 the insider O’Neill Michael John sold $4.32 million. Williams Anre D sold $4.53M worth of stock or 53,111 shares.

Thomaspartners Inc increased At&T Inc (NYSE:T) stake by 248,751 shares to 6.35 million valued at $248.70M in 2017Q3. It also upped Accenture Plc Ireland (NYSE:ACN) stake by 20,850 shares and now owns 1.63M shares. Procter And Gamble Co (NYSE:PG) was raised too.

Among 35 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 21 Hold. Therefore 29% are positive. American Express Company had 97 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Friday, September 9 by Atlantic Securities. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Friday, September 8 by Morgan Stanley. The firm has “Buy” rating given on Friday, September 22 by Keefe Bruyette & Woods. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Thursday, July 23 by S&P Research. The rating was upgraded by Keefe Bruyette & Woods on Monday, January 30 to “Outperform”. Instinet upgraded the shares of AXP in report on Thursday, April 27 to “Neutral” rating. Credit Suisse maintained American Express Company (NYSE:AXP) rating on Tuesday, January 19. Credit Suisse has “Underperform” rating and $71 target. As per Monday, May 1, the company rating was maintained by Jefferies. Oppenheimer maintained it with “Underperform” rating and $65 target in Friday, January 22 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, January 25.

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