As Amazon Com (AMZN) Market Value Rose, Holder Granite Investment Partners Has Decreased Its Position; As Microsoft (MSFT) Stock Price Rose, Shareholder Arrowpoint Asset Management Has Trimmed Its Position by $1.24 Million

February 23, 2018 - By Linda Rogers

Granite Investment Partners Llc decreased its stake in Amazon Com Inc (AMZN) by 7.15% based on its latest 2017Q3 regulatory filing with the SEC. Granite Investment Partners Llc sold 1,636 shares as the company’s stock rose 13.58% with the market. The institutional investor held 21,255 shares of the consumer services company at the end of 2017Q3, valued at $20.43M, down from 22,891 at the end of the previous reported quarter. Granite Investment Partners Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $722.38B market cap company. The stock increased 0.46% or $6.8401 during the last trading session, reaching $1492.1801. About 2.46M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 23, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Arrowpoint Asset Management Llc decreased its stake in Microsoft Corp (MSFT) by 4.28% based on its latest 2017Q3 regulatory filing with the SEC. Arrowpoint Asset Management Llc sold 16,800 shares as the company’s stock rose 4.75% with the market. The institutional investor held 375,358 shares of the prepackaged software company at the end of 2017Q3, valued at $27.96 million, down from 392,158 at the end of the previous reported quarter. Arrowpoint Asset Management Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $716.89 billion market cap company. The stock increased 1.50% or $1.375 during the last trading session, reaching $93.105. About 12.48M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 23, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.




Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It dived, 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. Primecap Management Com Ca has 0.24% invested in Amazon.com, Inc. (NASDAQ:AMZN). Bragg Financial Advisors accumulated 378 shares or 0.06% of the stock. Guild Investment Mngmt has invested 0.33% in Amazon.com, Inc. (NASDAQ:AMZN). Park National Corp Oh reported 734 shares or 0.04% of all its holdings. 2,261 are held by Welch & Forbes Ltd Liability Corp. Investment Centers Of America invested in 8,162 shares or 0.58% of the stock. Valley National Advisers holds 1,162 shares or 0.38% of its portfolio. Waldron Lp reported 0.34% in Amazon.com, Inc. (NASDAQ:AMZN). Ntv Asset Mgmt has 0.07% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 245 shares. Northrock Prns Limited Liability Corporation has invested 0.11% in Amazon.com, Inc. (NASDAQ:AMZN). Donaldson Capital Mngmt Lc reported 416 shares. Rhumbline Advisers holds 1.37% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 657,661 shares. Menora Mivtachim Limited has invested 1.32% in Amazon.com, Inc. (NASDAQ:AMZN). Rosenbaum Jay D has invested 0.48% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Retirement System Of Alabama reported 1.39% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN).

Since December 7, 2017, it had 0 buys, and 8 selling transactions for $38.37 million activity. The insider Zapolsky David sold 2,216 shares worth $3.24M. Another trade for 544 shares valued at $795,502 was made by Reynolds Shelley on Thursday, February 15. 2,285 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $3.35 million were sold by ALBERG TOM A. Jassy Andrew R also sold $2.90 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 12,666 shares were sold by Blackburn Jeffrey M, worth $18.50 million. 2,333 shares were sold by Olsavsky Brian T, worth $3.42M on Thursday, February 15.

Among 53 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 274 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, October 23, the company rating was maintained by JP Morgan. The rating was maintained by Canaccord Genuity on Friday, February 2 with “Buy”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, September 1 by Oppenheimer. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, October 28 by RBC Capital Markets. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Piper Jaffray on Wednesday, July 12. The stock has “Buy” rating by Piper Jaffray on Tuesday, January 9. The stock has “Outperform” rating by RBC Capital Markets on Friday, February 3. On Friday, February 2 the stock rating was maintained by UBS with “Buy”. The company was upgraded on Thursday, September 22 by Argus Research. Piper Jaffray maintained the shares of AMZN in report on Friday, October 23 with “Overweight” rating.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26. They expect $1.19 EPS, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09 million for 313.48 P/E if the $1.19 EPS becomes a reality. After $2.16 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth.

Granite Investment Partners Llc, which manages about $892.06 million and $1.61B US Long portfolio, upped its stake in Kaiser Aluminum Corp (NASDAQ:KALU) by 8,855 shares to 151,111 shares, valued at $15.59 million in 2017Q3, according to the filing. It also increased its holding in Nutri Sys Inc New (NASDAQ:NTRI) by 13,120 shares in the quarter, for a total of 221,582 shares, and has risen its stake in Marten Trans Ltd (NASDAQ:MRTN).

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26. They expect $0.85 earnings per share, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54B for 27.38 P/E if the $0.85 EPS becomes a reality. After $0.96 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Arrowpoint Asset Management Llc, which manages about $5.56B and $8.80 billion US Long portfolio, upped its stake in Spdr Gold Trust (Call) (GLD) by 650,000 shares to 850,000 shares, valued at $103.34 million in 2017Q3, according to the filing. It also increased its holding in Natus Medical Inc Del (NASDAQ:BABY) by 295,822 shares in the quarter, for a total of 434,827 shares, and has risen its stake in Proto Labs Inc (NYSE:PRLB).

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Sunday, October 8 by RBC Capital Markets. RBC Capital Markets maintained the shares of MSFT in report on Friday, October 23 with “Outperform” rating. Oppenheimer maintained it with “Outperform” rating and $92 target in Tuesday, October 31 report. Citigroup maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, July 21 with “Sell” rating. The firm has “Buy” rating given on Wednesday, December 16 by Deutsche Bank. As per Thursday, October 5, the company rating was upgraded by Canaccord Genuity. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Piper Jaffray on Monday, November 27. FBR Capital maintained it with “Outperform” rating and $60 target in Friday, October 23 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Evercore on Friday, December 8. The rating was maintained by Credit Suisse on Tuesday, August 22 with “Buy”.

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