Bedell Frazier Investment Counseling Trimmed Its Holding in Amazon Com (AMZN) as Market Valuation Rose; As Armstrong World Industries (AWI) Valuation Rose, Shareholder Golden Gate Private Equity Decreased Holding by $1.22 Million

June 14, 2018 - By Peter Kolinski

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

Bedell Frazier Investment Counseling Llc decreased its stake in Amazon Com Inc (AMZN) by 19.46% based on its latest 2018Q1 regulatory filing with the SEC. Bedell Frazier Investment Counseling Llc sold 1,653 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 6,841 shares of the consumer services company at the end of 2018Q1, valued at $9.90M, down from 8,494 at the end of the previous reported quarter. Bedell Frazier Investment Counseling Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $834.54 billion market cap company. The stock increased 0.88% or $15.04 during the last trading session, reaching $1719.9. About 2.43M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 14, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 03/05/2018 – SimpliSafe Home Security Adds Voice Control with Amazon Alexa; 08/03/2018 – Dimon on Tariffs, Cohn, Chinese Banks, Amazon and Equal Pay (Video); 19/04/2018 – Bloomberg Markets: Amazon Hits 100 Million Prime Customers; 13/05/2018 – Walmart shifts global strategy to battle Amazon; 09/05/2018 – Walmart fought hard for this deal because it could be crucial in its fight against Amazon; 13/04/2018 – Richard Branson and Jeff Bezos say this is the most effective way to make tough decisions; 14/05/2018 – Amazon is questioning its future in Seattle after the city voted for a new tax on big business The new “head tax” is aimed at addressing the city’s homelessness crisis; 23/04/2018 – Amazon is reportedly building personal robots which will roll out next year; 20/03/2018 – Apple is now the only company more valuable than Amazon; 12/04/2018 – Top Tech News: Exclusive: Amazon Now Has More than 70 Private-Label Brands

Golden Gate Private Equity Inc decreased its stake in Armstrong World Industries Inc. (AWI) by 20.65% based on its latest 2018Q1 regulatory filing with the SEC. Golden Gate Private Equity Inc sold 21,800 shares as the company’s stock rose 3.47% while stock markets declined. The institutional investor held 83,750 shares of the plastic products company at the end of 2018Q1, valued at $4.72 million, down from 105,550 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Armstrong World Industries Inc. for a number of months, seems to be less bullish one the $3.29 billion market cap company. The stock decreased 0.24% or $0.15 during the last trading session, reaching $63.4. About 136,273 shares traded. Armstrong World Industries, Inc. (NYSE:AWI) has risen 47.88% since June 14, 2017 and is uptrending. It has outperformed by 35.31% the S&P500. Some Historical AWI News: 23/04/2018 – DJ Armstrong World Industries Inc, Inst Holders, 1Q 2018 (AWI); 15/05/2018 – Valueact Adds SLM, Exits Microsoft, Cuts Armstrong World: 13F; 17/05/2018 – Research Report Identifies Armstrong World Industries, Empire State Realty Trust, Alder BioPharmaceuticals, Cadence, World Wres; 12/03/2018 – LAUNCHED EQUITY OFFERINGS: AWI BL AQUA HLI MC EYE SABR; 04/04/2018 – ARMSTRONG WORLD INDUSTRIES INC AWI.N : GOLDMAN SACHS RAISES TO NEUTRAL FROM SELL; 14/03/2018 – New Research: Key Drivers of Growth for Jazz Pharmaceuticals, Armstrong World Industries, Banco Latinoamericano de Comercio Ext; 30/04/2018 – ARMSTRONG WORLD REAFFIRMING GREATER THAN 10% ADJ EBITDA GROWTH; 30/04/2018 – ARMSTRONG WORLD RAISING FY EPS GUIDANCE TO $3.60 TO $3.82; 30/04/2018 – Correct: Armstrong World 1Q EPS 51c; 30/04/2018 – ARMSTRONG WORLD RAISING EPS GUIDANCE

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.41, from 1.31 in 2017Q4. It worsened, as 27 investors sold AWI shares while 64 reduced holdings. 25 funds opened positions while 57 raised stakes. 52.88 million shares or 0.68% less from 53.24 million shares in 2017Q4 were reported. Wells Fargo And Company Mn has 0% invested in Armstrong World Industries, Inc. (NYSE:AWI). First Republic Mngmt holds 4,954 shares or 0% of its portfolio. State Bank Of Montreal Can stated it has 6,826 shares or 0% of all its holdings. Verition Fund Mngmt Ltd Liability invested 0.06% in Armstrong World Industries, Inc. (NYSE:AWI). 120,377 were accumulated by Great Lakes Ltd Co. Fmr Ltd Limited Liability Company, a Massachusetts-based fund reported 400,000 shares. Voya Ltd Co reported 15,973 shares. Marble Arch Invs LP stated it has 4.35% of its portfolio in Armstrong World Industries, Inc. (NYSE:AWI). Art has invested 0.04% in Armstrong World Industries, Inc. (NYSE:AWI). Illinois-based Advisory has invested 0.63% in Armstrong World Industries, Inc. (NYSE:AWI). Jefferies Group Limited Liability Company, a New York-based fund reported 1.71 million shares. Meeder Asset reported 0% of its portfolio in Armstrong World Industries, Inc. (NYSE:AWI). Levin Capital Strategies LP reported 18,298 shares. Mig Cap Ltd invested in 491,000 shares. Advsr Asset Mgmt Inc owns 21,067 shares.

Golden Gate Private Equity Inc, which manages about $11.87 billion and $120.92 million US Long portfolio, upped its stake in Alliance Data System Corporation (NYSE:ADS) by 6,414 shares to 16,950 shares, valued at $3.61 million in 2018Q1, according to the filing. It also increased its holding in Valvoline Inc. by 79,700 shares in the quarter, for a total of 233,000 shares, and has risen its stake in Wesco International Inc. (NYSE:WCC).

More notable recent Armstrong World Industries, Inc. (NYSE:AWI) news were published by: Streetinsider.com which released: “Armstrong World (AWI) Announces Acquisition of Plasterform Inc.” on June 01, 2018, also Seekingalpha.com with their article: “Home Repair Projects And Eventual Infrastructure Spending Will Benefit These 5 Housing-Related Stocks” published on May 20, 2018, Globenewswire.com published: “Armstrong World Industries Acquires Plasterform, Inc.” on May 31, 2018. More interesting news about Armstrong World Industries, Inc. (NYSE:AWI) were released by: Globenewswire.com and their article: “Research Report Identifies Armstrong World Industries, Empire State Realty Trust, Alder BioPharmaceuticals, Cadence …” published on May 17, 2018 as well as Globenewswire.com‘s news article titled: “Market Trends Toward New Normal in Invesco Mortgage Capital, ZTO Express, Weight Watchers International …” with publication date: June 13, 2018.

Analysts await Armstrong World Industries, Inc. (NYSE:AWI) to report earnings on July, 30. They expect $1.04 EPS, up 42.47% or $0.31 from last year’s $0.73 per share. AWI’s profit will be $53.92M for 15.24 P/E if the $1.04 EPS becomes a reality. After $0.79 actual EPS reported by Armstrong World Industries, Inc. for the previous quarter, Wall Street now forecasts 31.65% EPS growth.

Among 17 analysts covering Armstrong World Industries (NYSE:AWI), 5 have Buy rating, 4 Sell and 8 Hold. Therefore 29% are positive. Armstrong World Industries had 38 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Tuesday, October 13 with “Equal-Weight”. The rating was maintained by SunTrust with “Buy” on Monday, February 26. The stock of Armstrong World Industries, Inc. (NYSE:AWI) has “Neutral” rating given on Wednesday, April 4 by Goldman Sachs. The company was downgraded on Wednesday, March 7 by J.P. Morgan. The firm earned “Neutral” rating on Tuesday, October 6 by Goldman Sachs. The company was maintained on Friday, October 23 by Macquarie Research. RBC Capital Markets maintained Armstrong World Industries, Inc. (NYSE:AWI) on Tuesday, November 1 with “Sector Perform” rating. The company was maintained on Friday, October 27 by SunTrust. As per Thursday, June 15, the company rating was maintained by RBC Capital Markets. Piper Jaffray reinitiated Armstrong World Industries, Inc. (NYSE:AWI) rating on Monday, May 16. Piper Jaffray has “Neutral” rating and $45 target.

Since March 12, 2018, it had 0 insider buys, and 2 insider sales for $141.78 million activity. 27,336 Armstrong World Industries, Inc. (NYSE:AWI) shares with value of $1.72 million were sold by Cookson David S.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.52 EPS, up 530.00% or $2.12 from last year’s $0.4 per share. AMZN’s profit will be $1.22 billion for 170.63 P/E if the $2.52 EPS becomes a reality. After $3.27 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.94% negative EPS growth.

Among 55 analysts covering Amazon.com (NASDAQ:AMZN), 52 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 304 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, August 25, the company rating was maintained by Mizuho. Piper Jaffray maintained the shares of AMZN in report on Friday, October 23 with “Overweight” rating. The firm has “Buy” rating by Nomura given on Monday, February 5. The stock has “Buy” rating by UBS on Friday, April 29. The firm earned “Buy” rating on Thursday, May 3 by Tigress Financial. The firm earned “Buy” rating on Friday, July 29 by Axiom Capital. Morgan Stanley maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, August 28. Morgan Stanley has “Overweight” rating and $740 target. The company was maintained on Friday, July 24 by Piper Jaffray. SunTrust maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Thursday, April 19. SunTrust has “Buy” rating and $160000 target. Benchmark maintained the shares of AMZN in report on Friday, October 23 with “Buy” rating.

Since February 15, 2018, it had 0 buys, and 21 sales for $63.19 million activity. ALBERG TOM A had sold 2,285 shares worth $3.35 million on Thursday, February 15. Another trade for 2,054 shares valued at $3.23 million was sold by Blackburn Jeffrey M. 435 shares were sold by Reynolds Shelley, worth $686,439 on Tuesday, May 15. 2,216 shares valued at $3.24 million were sold by Zapolsky David on Thursday, February 15. Jassy Andrew R had sold 1,726 shares worth $2.72 million. The insider Olsavsky Brian T sold 2,333 shares worth $3.42M.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.21, from 1.29 in 2017Q4. It dropped, as 73 investors sold AMZN shares while 659 reduced holdings. 173 funds opened positions while 614 raised stakes. 266.38 million shares or 4.87% less from 280.02 million shares in 2017Q4 were reported. Sequoia Fin Lc holds 0.17% or 1,088 shares. Moneta Group Invest Advsrs Limited reported 191 shares. Eqis Mngmt has invested 0.32% in Amazon.com, Inc. (NASDAQ:AMZN). Stratos Wealth Prtnrs Limited has 0.74% invested in Amazon.com, Inc. (NASDAQ:AMZN). Mufg Americas Holdings has invested 0.31% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Edge Wealth Mgmt Ltd Liability Com accumulated 1,855 shares. West Chester Capital Advisors Inc reported 2.86% stake. Burns J W And holds 1.51% or 4,057 shares in its portfolio. Nadler Fincl Group holds 1,345 shares or 0.6% of its portfolio. The New York-based Clear Harbor Asset Mgmt Ltd has invested 0.14% in Amazon.com, Inc. (NASDAQ:AMZN). Cypress Capital Grp Inc owns 1,096 shares for 0.33% of their portfolio. Hitchwood Capital Management L P, a New York-based fund reported 50,000 shares. Mitsubishi Ufj Trust And Banking reported 1.10M shares or 2.81% of all its holdings. Calamos Wealth Management Ltd accumulated 4,280 shares or 0.78% of the stock. Gideon Inc stated it has 210 shares.

Bedell Frazier Investment Counseling Llc, which manages about $282.96M US Long portfolio, upped its stake in Lululemon Athletica Inc (NASDAQ:LULU) by 44,370 shares to 113,215 shares, valued at $10.09M in 2018Q1, according to the filing. It also increased its holding in Proshares Tr (QID) by 291,203 shares in the quarter, for a total of 936,803 shares, and has risen its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO).

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Run With the Bulls in Facebook, Inc. Stock” on June 13, 2018, also Nasdaq.com with their article: “3 Numbers Most People Don’t Know About eBay” published on June 14, 2018, Nasdaq.com published: “Why the AT&T Inc. Court Win Does Not Guarantee Domination” on June 13, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Microsoft takes aim at Amazon Go” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon On Top Again” with publication date: June 11, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>