Amazon Com (AMZN) Share Price Rose While Riverpark Advisors Cut Its Position by $1.19 Million; As Rent A Ctr New (RCII) Stock Price Declined, Marcato Capital Management LP Has Upped Its Holding by $5.37 Million

April 19, 2018 - By Clifton Ray

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Riverpark Advisors Llc decreased its stake in Amazon Com Inc (AMZN) by 19.64% based on its latest 2017Q4 regulatory filing with the SEC. Riverpark Advisors Llc sold 1,017 shares as the company’s stock rose 28.13% while stock markets declined. The institutional investor held 4,162 shares of the consumer services company at the end of 2017Q4, valued at $4.87 million, down from 5,179 at the end of the previous reported quarter. Riverpark Advisors Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $755.38 billion market cap company. The stock increased 2.13% or $32.52 during the last trading session, reaching $1560.36. About 5.84M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since April 19, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Richard Mcguire increased its stake in Rent A Ctr Inc New (RCII) by 66.76% based on its latest 2017Q4 regulatory filing with the SEC. Marcato Capital Management Lp bought 487,941 shares as the company’s stock declined 19.35% with the market. The hedge fund run by Richard Mcguire held 1.22M shares of the diversified commercial services company at the end of 2017Q4, valued at $13.53 million, up from 730,840 at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Rent A Ctr Inc New for a number of months, seems to be bullish on the $538.41M market cap company. The stock decreased 1.66% or $0.17 during the last trading session, reaching $10.08. About 810,227 shares traded. Rent-A-Center, Inc. (NASDAQ:RCII) has declined 3.97% since April 19, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.03, from 1.26 in 2017Q3. It increased, as 69 investors sold AMZN shares while 578 reduced holdings. 168 funds opened positions while 667 raised stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported. Waddell Reed Fin accumulated 530,958 shares. Myriad Asset Ltd invested in 15,000 shares. Brown Advisory Securities Ltd Liability holds 3.06% or 13,569 shares. Northeast Mgmt, a Massachusetts-based fund reported 35,838 shares. Highlander Capital Mngmt Limited Liability Com holds 0.83% or 975 shares in its portfolio. Fincl Advisory Ser holds 0.21% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 688 shares. Fishman Jay A Limited Mi owns 16,061 shares. Telos Capital Mngmt holds 1% or 2,417 shares in its portfolio. Hap Trading Limited Liability Corporation accumulated 0.91% or 18,666 shares. Oak Limited Oh has invested 5.07% in Amazon.com, Inc. (NASDAQ:AMZN). Proffitt & Goodson has 1,287 shares for 0.62% of their portfolio. Blackhill Cap owns 80 shares or 0.02% of their US portfolio. Brighton Jones has 165,722 shares for 23.48% of their portfolio. Dgh Invs holds 4,150 shares or 100% of its portfolio. Levin Capital Strategies Ltd Partnership invested 0.02% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN).

Among 54 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 4 Hold. Therefore 93% are positive. Amazon.com had 283 analyst reports since July 21, 2015 according to SRatingsIntel. Evercore upgraded Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, August 26 to “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 27 report. On Wednesday, October 5 the stock rating was maintained by SunTrust with “Neutral”. The firm has “Outperform” rating given on Friday, July 24 by RBC Capital Markets. The stock has “Buy” rating by Axiom Capital on Tuesday, November 1. As per Friday, August 25, the company rating was maintained by Needham. On Friday, July 29 the stock rating was maintained by UBS with “Buy”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Canaccord Genuity on Friday, October 27. The company was initiated on Monday, January 18 by Susquehanna. B. Riley & Co upgraded Amazon.com, Inc. (NASDAQ:AMZN) on Friday, July 24 to “Buy” rating.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26 after the close. They expect $1.19 earnings per share, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09 million for 327.81 P/E if the $1.19 EPS becomes a reality. After $2.16 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth.

Riverpark Advisors Llc, which manages about $2.88 billion and $698.44 million US Long portfolio, upped its stake in Ebay Inc (NASDAQ:EBAY) by 18,845 shares to 102,318 shares, valued at $3.86M in 2017Q4, according to the filing. It also increased its holding in Western Digital Corp (NASDAQ:WDC) by 11,000 shares in the quarter, for a total of 23,500 shares, and has risen its stake in Blackstone Group LP (NYSE:BX).

Since December 7, 2017, it had 0 insider purchases, and 13 insider sales for $45.88 million activity. The insider ALBERG TOM A sold 2,285 shares worth $3.35 million. Jassy Andrew R had sold 1,985 shares worth $2.90M on Thursday, February 15. $18.50 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Blackburn Jeffrey M. Zapolsky David had sold 2,216 shares worth $3.24 million. $3.42M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Olsavsky Brian T. The insider Reynolds Shelley sold 544 shares worth $795,502.

Rent-A-Center, Inc. (NASDAQ:RCII) Institutional Positions Chart

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