As Jpmorgan Chase & Co (JPM) Market Value Rose, Holder Mirae Asset Global Investments Cut Its Position; Amazon Com (Put) (AMZN) Market Valuation Rose While Equitec Specialists Upped Stake

September 24, 2018 - By Ashley Bratcher

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

Mirae Asset Global Investments decreased its stake in Jpmorgan Chase & Co (JPM) by 7.56% based on its latest 2018Q2 regulatory filing with the SEC. Mirae Asset Global Investments sold 63,691 shares as the company’s stock rose 2.83% with the market. The institutional investor held 779,231 shares of the major banks company at the end of 2018Q2, valued at $81.23M, down from 842,922 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $392.23 billion market cap company. The stock decreased 0.96% or $1.13 during the last trading session, reaching $116.72. About 12.45 million shares traded or 1.66% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 24.41% since September 24, 2017 and is uptrending. It has outperformed by 8.79% the S&P500. Some Historical JPM News: 15/05/2018 – BANCO BPM BAMI.Ml : JP MORGAN RAISES TARGET PRICE TO EUR 3.4 FROM EUR 3.3; 05/04/2018 – JPMORGAN’S DIMON SAYS BANK CAN EARN 17 PCT RETURN ON TANGIBLE EQUITY ‘FOR THE FORESEEABLE FUTURE’; 13/03/2018 – Big banks shake up Washington lobbying shops; 20/04/2018 – National Bank of Canada, J.P. Morgan Test Blockchain Technology With NBC Debt Issuance in the US Fincl Markets; 13/04/2018 – JPMORGAN CHASE & CO – EXPECTS FY2018 FIRMWIDE AVERAGE CORE LOAN GROWTH OF 6-7%, EXCLUDING CIB LOANS; 17/05/2018 – JPMORGAN’S LEMER TO TAKE OVER COVERAGE OF SOME ENERGY ACCOUNTS; 13/04/2018 – JPMORGAN CHASE & CO – EXCLUDING CERTAIN ITEMS, QTRLY MARKETS REVENUE WAS UP 7% WITH STRONG GROWTH IN EQUITY MARKETS, AND FIXED INCOME MARKETS FLAT; 09/05/2018 – BRAZIL BRL COULD REACH 3.40/USD YE18 W/REFORMIST WIN: JPMORGAN; 15/05/2018 – Mastercard Presenting at JPMorgan Conference Tomorrow; 14/05/2018 – Owens Corning Presenting at JPMorgan Conference Tomorrow

Equitec Specialists Llc increased its stake in Amazon Com Inc (Put) (AMZN) by 234.38% based on its latest 2018Q2 regulatory filing with the SEC. Equitec Specialists Llc bought 7,500 shares as the company’s stock rose 16.73% with the market. The institutional investor held 10,700 shares of the consumer services company at the end of 2018Q2, valued at $18.19M, up from 3,200 at the end of the previous reported quarter. Equitec Specialists Llc who had been investing in Amazon Com Inc (Put) for a number of months, seems to be bullish on the $943.47B market cap company. The stock increased 1.01% or $19.35 during the last trading session, reaching $1934.36. About 3.86M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 102.53% since September 24, 2017 and is uptrending. It has outperformed by 86.91% the S&P500. Some Historical AMZN News: 03/05/2018 – Sprouts says it ended Amazon Prime partnership as of May, cuts sales target; 27/04/2018 – Jeff Bezos says Blue Origin’s next rocket test flight is scheduled for Sunday morning; 12/04/2018 – Erin Banco: SCOOP: Amazon reps visit Newark to discuss HQ2, meet Gov. Murphy and Mayor Baraka; 13/04/2018 – Richard Branson and Jeff Bezos say this is the most effective way to make tough decisions; 31/03/2018 – Trump is taking on Amazon over its tax treatment; 23/04/2018 – Larry Robbins says although Amazon will likely try to enter the market, the odds are stacked against the company; 04/04/2018 – Lionbridge Adds Neural-Based Amazon Translate to its Localization Enablement Platform; 03/05/2018 – Unlike Amazon, Google doesn’t operate an actual e-commerce marketplace; 10/04/2018 – ProactiveInvstrs: Amazon willing to shell out US$2bln breakup fee to get in on the Walmart-Flipkart deal; 23/04/2018 – Barriers to entering the pharmaceutical industry are too high even for Amazon: Billionaire investor

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Investorplace.com which released: “Wells Fargo Stock Could Be Warren Buffett’s Worst Investment” on September 24, 2018, also Benzinga.com with their article: “Bank Of America Raises JPMorgan Price Target, Sees Multiple Growth Avenues” published on September 17, 2018, Seekingalpha.com published: “Wall Street Breakfast: Latest US-China Tariffs Take Effect” on September 24, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan Chase & Co. (JPM) Management at the Barclays Global Financial Services Conference (Transcript)” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase Declares Preferred Stock Dividends” with publication date: September 14, 2018.

Investors sentiment increased to 0.99 in 2018 Q2. Its up 0.18, from 0.81 in 2018Q1. It is positive, as 51 investors sold JPM shares while 741 reduced holdings. 112 funds opened positions while 669 raised stakes. 2.34 billion shares or 2.08% less from 2.39 billion shares in 2018Q1 were reported. Chilton Capital Mgmt Ltd owns 162,564 shares. Deroy Devereaux Private Counsel has 190,805 shares for 2.03% of their portfolio. Orleans Cap Mgmt Corp La has 1.54% invested in JPMorgan Chase & Co. (NYSE:JPM) for 20,511 shares. Fukoku Mutual Life Insurance Company has 1.35% invested in JPMorgan Chase & Co. (NYSE:JPM). Raymond James Trust Na invested 1.9% in JPMorgan Chase & Co. (NYSE:JPM). Gyroscope Capital Mngmt Gru Ltd Limited Liability Company holds 0.45% or 9,666 shares. Terril Brothers Inc owns 48,757 shares. Stratos Wealth Ptnrs Limited accumulated 168,921 shares or 0.79% of the stock. Moreover, Windward Cap Mngmt Commerce Ca has 0.97% invested in JPMorgan Chase & Co. (NYSE:JPM) for 65,855 shares. 593,547 were reported by Segall Bryant & Hamill Ltd Liability Com. Cortland Advisers Ltd Liability Co holds 6.8% or 1.34M shares in its portfolio. Westpac Corp owns 0% invested in JPMorgan Chase & Co. (NYSE:JPM) for 663,897 shares. Clearbridge Limited Liability owns 642 shares. Rothschild Prtn Ltd Liability Corp invested in 4.49% or 103,061 shares. 2,187 are owned by Alta Ltd Liability.

Mirae Asset Global Investments, which manages about $4.74 billion and $7.35B US Long portfolio, upped its stake in Proofpoint Inc (NASDAQ:PFPT) by 2,624 shares to 16,604 shares, valued at $1.92 million in 2018Q2, according to the filing. It also increased its holding in Prologis Inc (NYSE:PLD) by 4,671 shares in the quarter, for a total of 20,087 shares, and has risen its stake in Becton Dickinson & Co (NYSE:BDX).

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 19 have Buy rating, 2 Sell and 13 Hold. Therefore 56% are positive. JPMorgan Chase & Co had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 15 by RBC Capital Markets. BMO Capital Markets maintained the shares of JPM in report on Friday, October 13 with “Market Perform” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Outperform” rating given on Friday, April 28 by Vining Sparks. The company was maintained on Wednesday, February 24 by Nomura. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Goldman Sachs on Thursday, July 6. BMO Capital Markets maintained the shares of JPM in report on Wednesday, February 28 with “Market Perform” rating. The firm has “Hold” rating given on Wednesday, September 20 by Robert W. Baird. Bank of America maintained it with “Buy” rating and $102 target in Friday, October 13 report. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, September 26. Nomura maintained JPMorgan Chase & Co. (NYSE:JPM) on Thursday, April 14 with “Neutral” rating.

Since April 16, 2018, it had 2 insider purchases, and 1 insider sale for $14,319 activity. Combs Todd A. bought $1.49 million worth of stock. Smith Gordon sold $3.50 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Monday, July 23.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on October, 12 before the open. They expect $2.28 EPS, up 29.55% or $0.52 from last year’s $1.76 per share. JPM’s profit will be $7.66B for 12.80 P/E if the $2.28 EPS becomes a reality. After $2.29 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -0.44% negative EPS growth.

Equitec Specialists Llc, which manages about $934.07M US Long portfolio, decreased its stake in Epr Pptys by 27,271 shares to 451,678 shares, valued at $12.03 million in 2018Q2, according to the filing. It also reduced its holding in Epr Pptys by 12,275 shares in the quarter, leaving it with 6,782 shares, and cut its stake in Servicenow Inc (Prn).

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “Analysts see Sirius XM success likely in Pandora bid” on September 24, 2018, also Fool.com with their article: “Amazon Is Now the 3rd-Largest Digital Ad Platform in the US — Here’s Why It Matters” published on September 23, 2018, Seekingalpha.com published: “Facebook: What Now?” on September 21, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “What Apple and Amazon’s Product Drops Mean for Investors” published on September 24, 2018 as well as Seekingalpha.com‘s news article titled: “Whatever They Told You About The Recent Amazon Share Rally Is Wrong – This Chart Shows Why” with publication date: September 20, 2018.

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 323 analyst reports since July 21, 2015 according to SRatingsIntel. Loop Capital maintained it with “Buy” rating and $1300 target in Friday, October 27 report. Piper Jaffray maintained the shares of AMZN in report on Wednesday, October 18 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Friday, April 29. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Jefferies on Friday, July 27. The company was maintained on Friday, January 26 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, April 11 by Monness. As per Friday, July 24, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Citigroup given on Friday, July 29. J.P. Morgan maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Wednesday, January 10. J.P. Morgan has “Buy” rating and $1385.0 target. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by UBS on Monday, July 17.

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

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