Investment Centers Of America Increases Position in Amazon Com (AMZN); Sir Capital Management LP Decreased Holding in Parsley Energy (PE) by $8.12 Million as Share Value Declined

January 14, 2018 - By Vivian Park

Investment Centers Of America Inc increased its stake in Amazon Com Inc (AMZN) by 10.63% based on its latest 2017Q3 regulatory filing with the SEC. Investment Centers Of America Inc bought 784 shares as the company’s stock rose 13.58% with the market. The institutional investor held 8,162 shares of the consumer services company at the end of 2017Q3, valued at $7.89 million, up from 7,378 at the end of the previous reported quarter. Investment Centers Of America Inc who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $628.94B market cap company. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44 million shares traded or 53.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Vince Maddi decreased its stake in Parsley Energy Inc (PE) by 21.62% based on its latest 2017Q3 regulatory filing with the SEC. Sir Capital Management Lp sold 312,405 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund run by Vince Maddi held 1.13 million shares of the energy company at the end of 2017Q3, valued at $29.83M, down from 1.45M at the end of the previous reported quarter. Sir Capital Management Lp who had been investing in Parsley Energy Inc for a number of months, seems to be less bullish one the $9.15B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $29.11. About 9.21 million shares traded or 113.76% up from the average. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since January 14, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Sir Capital Management Lp, which manages about $1.60B and $774.81 million US Long portfolio, upped its stake in Devon Energy Corp New (NYSE:DVN) by 327,370 shares to 1.20M shares, valued at $43.96M in 2017Q3, according to the filing. It also increased its holding in F M C Corp (NYSE:FMC) by 31,700 shares in the quarter, for a total of 281,849 shares, and has risen its stake in Continental Resources Inc (NYSE:CLR).

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on February, 22. They expect $0.18 earnings per share, up 200.00% or $0.12 from last year’s $0.06 per share. PE’s profit will be $56.59 million for 40.43 P/E if the $0.18 EPS becomes a reality. After $0.12 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It worsened, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Quantbot LP has 16,641 shares. 20,600 were reported by Castleark Mgmt Limited Company. Nordea Mngmt Ab holds 5,795 shares. Principal Financial Gp Incorporated holds 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 29,841 shares. Employees Retirement Systems Of Ohio has 0.04% invested in Parsley Energy, Inc. (NYSE:PE). New York-based Beaconlight Limited Liability Corp has invested 1.73% in Parsley Energy, Inc. (NYSE:PE). Atria Invs has invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Ngam Advsr Limited Partnership accumulated 31,486 shares. Caxton Associates Limited Partnership invested in 0.35% or 375,163 shares. 5.71 million were reported by Point72 Asset Management L P. Hsbc Hldg Public Ltd Liability Co has invested 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Steadfast Cap Mngmt Lp accumulated 5.36M shares. 1.71M are owned by Capital Ww Investors. Ameriprise holds 411,109 shares. Nationwide Fund holds 2,035 shares.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Friday, October 9 by Iberia Capital Partners. On Friday, October 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, August 2. FBR Capital initiated the stock with “Outperform” rating in Tuesday, September 13 report. The rating was maintained by PiperJaffray with “Overweight” on Monday, September 18. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, February 25. The firm has “Overweight” rating given on Tuesday, August 30 by Morgan Stanley. The rating was maintained by SunTrust on Sunday, November 5 with “Buy”. As per Tuesday, September 8, the company rating was downgraded by Cowen & Co. On Wednesday, November 15 the stock rating was maintained by JP Morgan with “Overweight”.

Investors sentiment decreased to 1.26 in 2017 Q3. 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. Of Virginia Va reported 914 shares or 0.13% of all its holdings. Macnealy Hoover Invest Mgmt holds 337 shares. D L Carlson Investment Grp Inc holds 4,354 shares or 1.3% of its portfolio. New Jersey-based Abner Herrman Brock Ltd has invested 0.36% in Amazon.com, Inc. (NASDAQ:AMZN). First Interstate Bancorporation has 0.68% invested in Amazon.com, Inc. (NASDAQ:AMZN). Round Table Ltd Co invested 0.22% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Diligent Limited holds 0.42% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 593 shares. L S Advsr reported 4,217 shares or 0.68% of all its holdings. Patten & Patten Incorporated Tn invested in 1,705 shares. New York-based Wg Shaheen & Dba Whitney & Co has invested 0.2% in Amazon.com, Inc. (NASDAQ:AMZN). Crossvault Capital Management Limited holds 4.85% or 8,799 shares in its portfolio. 10,000 were accumulated by Andra Ap. Moreover, Eagleclaw Cap Managment has 3.11% invested in Amazon.com, Inc. (NASDAQ:AMZN). State Of Alaska Department Of Revenue owns 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 817 shares. Outfitter Ltd holds 1,840 shares or 0.62% of its portfolio.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. JMP Securities maintained it with “Market Outperform” rating and $740 target in Friday, October 23 report. As per Friday, April 29, the company rating was maintained by UBS. The firm has “Buy” rating by Tigress Financial given on Monday, August 7. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, August 15 by Robert W. Baird. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Benchmark on Friday, February 3. Nomura maintained the stock with “Buy” rating in Tuesday, May 3 report. Oppenheimer maintained Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, September 1 with “Buy” rating. Aegis Capital initiated Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, January 20. Aegis Capital has “Buy” rating and $953 target. Mizuho maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, April 29 with “Buy” rating. The company was initiated on Tuesday, December 15 by M Partners.

Since August 3, 2017, it had 0 insider buys, and 9 selling transactions for $16.47 million activity. $2.31M worth of stock was sold by Olsavsky Brian T on Tuesday, August 15. 544 shares valued at $536,666 were sold by Reynolds Shelley on Tuesday, August 15. Zapolsky David had sold 2,334 shares worth $2.30M. 1,985 shares were sold by Jassy Andrew R, worth $1.96M on Tuesday, August 15. Shares for $2.05 million were sold by Blackburn Jeffrey M on Tuesday, August 15.

Investment Centers Of America Inc, which manages about $2.09B and $1.36B US Long portfolio, decreased its stake in First Tr Sml Cp Core Alpha F (FYX) by 12,907 shares to 20,466 shares, valued at $1.20 million in 2017Q3, according to the filing. It also reduced its holding in Colgate Palmolive Co (NYSE:CL) by 8,664 shares in the quarter, leaving it with 5,179 shares, and cut its stake in Kimberly Clark Corp (NYSE:KMB).

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