Bw Gestao De Investimentos Ltda Increases Holding in Salesforce.Com (CRM); Tiger Management Has Lifted Its Jpmorgan Chase & Co (JPM) Position by $8.91 Million as Share Value Declined

June 20, 2018 - By Darrin Black

JPMorgan Chase & Co. (NYSE:JPM) Logo

Bw Gestao De Investimentos Ltda increased its stake in Salesforce.Com Inc (CRM) by 150% based on its latest 2018Q1 regulatory filing with the SEC. Bw Gestao De Investimentos Ltda bought 18,000 shares as the company’s stock rose 9.70% while stock markets declined. The institutional investor held 30,000 shares of the prepackaged software company at the end of 2018Q1, valued at $3.49M, up from 12,000 at the end of the previous reported quarter. Bw Gestao De Investimentos Ltda who had been investing in Salesforce.Com Inc for a number of months, seems to be bullish on the $103.65B market cap company. The stock decreased 0.20% or $0.28 during the last trading session, reaching $139.52. About 4.83M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 40.20% since June 20, 2017 and is uptrending. It has outperformed by 27.63% the S&P500. Some Historical CRM News: 02/04/2018 – SALESFORCE.COM INC – FULL YEAR FY19 REVENUE IS PROJECTED TO BE $12.66 BLN TO $12.71 BLN; 09/05/2018 – Lucidchart Launches Lucidchart Sales Solution and Salesforce Integration to Empower Sales Teams to Improve Productivity and Communication; 21/03/2018 – Salesforce’s pricey MuleSoft deal could force rivals to pay up for software companies; 20/03/2018 – EXCLUSIVE-Salesforce in advanced talks to buy MuleSoft; 05/04/2018 – Salesforce.com to Use Proceeds to Partially Fund Cash Portion of MuleSoft Acquisition; 02/04/2018 – Salesforce.com Sees 1Q Adj EPS 46c-Adj EPS 47c; 15/05/2018 – PokitDok Announces Health Insurance Eligibility on the Salesforce AppExchange, the World’s Leading Enterprise Apps Marketplace; 20/03/2018 – REFILE-EXCLUSIVE-Salesforce in advanced talks to buy MuleSoft; 20/03/2018 – Exclusive: Salesforce in advanced talks to buy MuleSoft; 29/05/2018 – SALESFORCE.COM SAYS FY REVENUE GUIDANCE INCLUDES ABOUT $315 MLN FROM ACQUISITION OF MULESOFT- CONF CALL

Julian Robertson increased its stake in Jpmorgan Chase & Co (JPM) by 37.87% based on its latest 2018Q1 regulatory filing with the SEC. Tiger Management Llc bought 81,760 shares as the company’s stock declined 6.83% with the market. The hedge fund run by Julian Robertson held 297,660 shares of the major banks company at the end of 2018Q1, valued at $32.73 million, up from 215,900 at the end of the previous reported quarter. Tiger Management Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $366.13 billion market cap company. The stock decreased 0.58% or $0.63 during the last trading session, reaching $107.55. About 12.71 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since June 20, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: 16/05/2018 – Weight Watchers Presenting at JPMorgan Conference Tomorrow; 15/05/2018 – PulteGroup’s (PHM) Management at J.P. Morgan Homebuilding and Building Products Conference (Transcript); 06/04/2018 – Mark Kleinman: Exclusive: British luxury car-maker Aston Martin close to hiring Deutsche Bank, Goldman Sachs and JPMorgan to; 09/03/2018 – JPMORGAN ECM EXECUTIVE DIRECTOR WU IS SAID TO BE LEAVING BANK; 13/04/2018 – Follow JPMorgan CFO Marianne Lake’s Analyst Call: TOPLive; 09/05/2018 – REPSOL REP.MC : JP MORGAN RAISES TARGET PRICE TO 14 EUROS FROM 13.5 EUROS; 23/05/2018 – JP MORGAN PUSHES BACK ECB RATE HIKE EXPECTATIONS TO JUNE 2019 FROM MARCH 2019 AFTER EURO AREA PMI FALLS; 23/04/2018 – JPMorgan’s Frenkel Says Fed Shouldn’t Focus on Dollar (Video); 30/04/2018 – Buy Spotify because it is ‘closest’ thing to a Netflix for music: JP Morgan; 02/04/2018 – GOOSEHEAD INSURANCE INC SAYS J.P. MORGAN, BOFA MERRILL LYNCH, KEEFE, BRUYETTE & WOODS ARE AMONG UNDERWRITERS TO IPO

Tiger Management Llc, which manages about $799.15 million and $780.41M US Long portfolio, decreased its stake in Nutanix Inc (Call) by 62,500 shares to 37,500 shares, valued at $1.84M in 2018Q1, according to the filing. It also reduced its holding in Aptiv Plc (Call) by 10,600 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Powershares Qqq Trust (Put) (QQQ).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Benzinga.com which released: “JPMorgan Enters The REIT ETF Space” on June 19, 2018, also Seekingalpha.com with their article: “What’s Going On With JPMorgan?” published on June 17, 2018, Seekingalpha.com published: “JPMorgan (JPM) Management Presents at Morgan Stanley Financials Conference (Transcript)” on June 13, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “US banks may boost payouts by $30B after stress tests: Bloomberg” published on June 19, 2018 as well as Thestreet.com‘s news article titled: “5 Reasons Why JPMorgan Will Be a Monster Trade” with publication date: May 30, 2018.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America maintained the shares of JPM in report on Sunday, July 16 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $95.0 target in Tuesday, September 26 report. The firm has “Outperform” rating by Credit Agricole given on Tuesday, August 25. Jefferies maintained the stock with “Buy” rating in Friday, September 15 report. On Thursday, July 20 the stock rating was maintained by Oppenheimer with “Hold”. Vetr upgraded it to “Buy” rating and $71.88 target in Tuesday, September 1 report. BMO Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 12 with “Hold” rating. RBC Capital Markets maintained the shares of JPM in report on Thursday, October 12 with “Buy” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Outperform” rating by BMO Capital Markets on Thursday, April 14. UBS reinitiated the stock with “Buy” rating in Wednesday, January 11 report.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.07, from 0.88 in 2017Q4. It dived, as 52 investors sold JPM shares while 843 reduced holdings. 132 funds opened positions while 596 raised stakes. 2.39 billion shares or 2.61% less from 2.46 billion shares in 2017Q4 were reported. Swedbank has invested 3.46% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Private Wealth Incorporated has invested 0.52% in JPMorgan Chase & Co. (NYSE:JPM). Schaller Investment Grp stated it has 21,510 shares. Narwhal Cap Mgmt stated it has 97,234 shares or 2.48% of all its holdings. Davis reported 45,329 shares. St Germain D J Co has invested 2.59% in JPMorgan Chase & Co. (NYSE:JPM). Lsv Asset Management holds 2.04% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 11.70M shares. Somerset stated it has 43,211 shares. Geode Capital Lc holds 1.39% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 38.81M shares. Westend Advsrs accumulated 425,284 shares. Old Mutual (Uk) Ltd reported 0.25% stake. Principal Fincl Group reported 0.95% in JPMorgan Chase & Co. (NYSE:JPM). 4.05 million are owned by Ajo Limited Partnership. California-based Miracle Mile Advsrs Limited Liability Corporation has invested 0.87% in JPMorgan Chase & Co. (NYSE:JPM). Paradigm Asset Mgmt Ltd Co holds 0% or 93,000 shares in its portfolio.

Since January 13, 2018, it had 3 insider buys, and 8 selling transactions for $18.63 million activity. Lake Marianne had sold 9,194 shares worth $1.03 million on Saturday, January 13. HOBSON MELLODY L also bought $2.00M worth of JPMorgan Chase & Co. (NYSE:JPM) on Monday, April 16. On Tuesday, January 16 the insider CROWN JAMES S bought $825,327. $1.84 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by BACON ASHLEY on Saturday, January 13. $5.43M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Petno Douglas B. Erdoes Mary E. sold $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13.

Among 57 analysts covering Salesforce.com (NYSE:CRM), 51 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Salesforce.com had 249 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Thursday, March 1 with “Overweight”. The firm has “Buy” rating given on Thursday, May 19 by Goldman Sachs. The company was maintained on Saturday, August 22 by Morgan Stanley. Cowen & Co maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, March 1. Cowen & Co has “Outperform” rating and $135 target. Credit Suisse maintained it with “Outperform” rating and $155 target in Wednesday, May 30 report. The stock has “Buy” rating by Barclays Capital on Wednesday, March 21. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, September 1 by Mizuho. The firm earned “Buy” rating on Friday, August 28 by Roth Capital. On Wednesday, August 16 the stock rating was maintained by Stifel Nicolaus with “Buy”. Pivotal Research maintained salesforce.com, inc. (NYSE:CRM) rating on Wednesday, November 22. Pivotal Research has “Hold” rating and $96 target.

Investors sentiment increased to 1.44 in 2018 Q1. Its up 0.25, from 1.19 in 2017Q4. It is positive, as 48 investors sold CRM shares while 254 reduced holdings. 132 funds opened positions while 304 raised stakes. 608.53 million shares or 0.05% more from 608.21 million shares in 2017Q4 were reported. Jpmorgan Chase And holds 7.37M shares or 0.18% of its portfolio. Stratos Wealth Prns holds 0.02% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 4,443 shares. Suvretta Cap Management Limited Liability Com owns 3.42 million shares. Paloma Prtn Mngmt holds 0.05% or 26,403 shares. Arete Wealth Advsr Limited Liability Corp has 3,358 shares for 0.13% of their portfolio. Us State Bank De reported 0.07% in salesforce.com, inc. (NYSE:CRM). Balyasny Asset Mgmt Lc reported 0.44% stake. Motco accumulated 86 shares. Chilton Capital Mgmt Limited Liability Corporation invested 0.2% in salesforce.com, inc. (NYSE:CRM). Deltec Asset Mngmt Ltd Co reported 0.87% in salesforce.com, inc. (NYSE:CRM). 15,850 were reported by Karp Capital Mngmt. 30,500 were reported by Peloton Wealth Strategists. Engineers Gate Manager LP holds 64,227 shares. Bell Bank, a North Dakota-based fund reported 4,928 shares. Sumitomo Mitsui Inc reported 2.56 million shares.

Since January 3, 2018, it had 5 buys, and 219 selling transactions for $166.24 million activity. 129 shares valued at $14,220 were sold by Roos John Victor on Thursday, January 18. On Tuesday, March 27 Harris Parker sold $222,222 worth of salesforce.com, inc. (NYSE:CRM) or 1,850 shares. 15,000 salesforce.com, inc. (NYSE:CRM) shares with value of $1.92 million were sold by Benioff Marc. $791,981 worth of salesforce.com, inc. (NYSE:CRM) was bought by Wojcicki Susan on Wednesday, May 30. $254,058 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Robbins Cynthia G.. Shares for $56,932 were sold by Weaver Amy E on Tuesday, May 22.

Bw Gestao De Investimentos Ltda, which manages about $778.73 million US Long portfolio, decreased its stake in Lockheed Martin Corp (NYSE:LMT) by 969 shares to 7,131 shares, valued at $2.41M in 2018Q1, according to the filing. It also reduced its holding in Diageo Plc (NYSE:DEO) by 11,700 shares in the quarter, leaving it with 93,356 shares, and cut its stake in Ishares Convertible Bond Etf.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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