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Edge Wealth Management Trimmed Its General Electric Co (GE) Holding by $406,846 as Share Value Declined; As Amazon Com (AMZN) Share Value Declined, Checchi Capital Advisers Has Cut Position

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

Edge Wealth Management Llc decreased its stake in General Electric Co (GE) by 93.09% based on its latest 2018Q3 regulatory filing with the SEC. Edge Wealth Management Llc sold 36,986 shares as the company’s stock declined 44.60% with the market. The institutional investor held 2,745 shares of the consumer electronics and appliances company at the end of 2018Q3, valued at $31,000, down from 39,731 at the end of the previous reported quarter. Edge Wealth Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $77.76 billion market cap company. It closed at $8.94 lastly. It is down 60.87% since January 12, 2018 and is downtrending. It has underperformed by 60.87% the S&P500. Some Historical GE News: 17/04/2018 – Zinc and GE Digital Announce Integrated Solution for Contextual, Real-Time Communication in the Field; 25/04/2018 – Bloomberg Baystate Business: GE, Movies, Shoes; 07/03/2018 – Ailing Dow giant General Electric is at risk “both directly in terms of competitive cost pressures and indirectly in terms of the risk of reduced global economic activity,” Deutsche’s analyst John Inch says; 24/04/2018 – SULZER AG SUN.S – AWARDED LARGE PUMPS ORDERS FROM GE POWER INDIA LIMITED; 30/04/2018 – NIGERIA SIGNS DEAL WITH GE-LED GROUP TO START WORK ON RAILWAY; 09/04/2018 – GE’S NASON: ENERGY STORAGE IS ONE RISK FOR INVESTING IN GAS; 21/05/2018 – WABTEC – FOLLOWING DEAL CLOSE, CO’S FREIGHT SEGMENT WILL BE HEADQUARTERED IN CHICAGO; 13/04/2018 – GE – CHANGES TO LONG-TERM SERVICE AGREEMENT ACCOUNTING SIGNIFICANTLY IMPACTED ALL INDUSTRIAL BUSINESSES EXCEPT RENEWABLE ENERGY, HEALTHCARE, CURRENT & LIGHTING; 19/04/2018 – Southwest engine failure couldn’t ‘have happened at a worse time for GE,’ former GE vice chair says; 26/03/2018 – GE POWER – CO & FIELDCORE SUCCESSFULLY RESTARTED METAHARA SUGAR FACTORY IN ETHIOPIA, 7 MONTHS AFTER SEVERE DAMAGE TO PLANT BY A THUNDERSTORM

Checchi Capital Advisers Llc decreased its stake in Amazon Com Inc (AMZN) by 92.21% based on its latest 2018Q3 regulatory filing with the SEC. Checchi Capital Advisers Llc sold 53,019 shares as the company’s stock declined 15.37% with the market. The institutional investor held 4,481 shares of the consumer services company at the end of 2018Q3, valued at $8.98M, down from 57,500 at the end of the previous reported quarter. Checchi Capital Advisers Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $802.18 billion market cap company. The stock decreased 0.95% or $15.66 during the last trading session, reaching $1640.56. About 4.69M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 41.49% since January 12, 2018 and is uptrending. It has outperformed by 41.49% the S&P500. Some Historical AMZN News: 08/05/2018 – EXCLUSIVE – COMPANIES INCLUDING AMAZON, INTEL AND AIRBUS VIE TO TAKE PART IN DRONE TESTS THAT U.S. WILL ANNOUNCE WEDNESDAY; 17/04/2018 – Colm Feore Performs Prime Minister Justin Trudeau’s Autobiography, Common Ground, for Audible; 15/03/2018 – The company is also alleged to have requested vendors help absorb the costs of discounting goods; 24/05/2018 – Amazon Alexa-Powered Device Recorded and Shared User’s Conversation Without Permission; 04/04/2018 – Rivals argue the bidding process for the contract favors Amazon; 26/04/2018 – AMAZON’S AD AND OTHER REVENUE INCREASE INCLUDES $560 MLN RISE DUE TO ACCOUNTING CHANGE – OFFICIAL; 06/03/2018 – Amazon Studios Greenlights First Half-Hour Animated Series Undone from Michael Eisner’s Tornante Company and Acclaimed Creators Raphael Bob-Waksberg and Kate Purdy; 08/05/2018 – Selling products on Amazon drives traffic to Chico’s boutiques: CEO; 20/03/2018 – Metro Ottawa: Amazon considering buying some U.S. Toys ‘R’ Us stores; 24/04/2018 – Amazon Renews Prime Original, Tom Clancy’s Jack Ryan, for Second Season on Prime Video Ahead of August 31 Global Series Debut,

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 7. They expect $5.48 EPS, up 153.70% or $3.32 from last year’s $2.16 per share. AMZN’s profit will be $2.68 billion for 74.84 P/E if the $5.48 EPS becomes a reality. After $5.75 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -4.70% negative EPS growth.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Fool.com which released: “Better Buy: Amazon vs. Microsoft – The Motley Fool” on December 17, 2018, also Seekingalpha.com with their article: “Amazon targets rural India market – Seeking Alpha” published on December 31, 2018, Benzinga.com published: “Amazon.com, Inc. (NASDAQ:AMZN), FedEx Corporation (NYSE:FDX) – Today’s Pickup: Carriers Position Drivers Closer to Home – Benzinga” on December 19, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Fool.com and their article: “Better Buy: Netflix vs. Amazon – The Motley Fool” published on December 16, 2018 as well as Benzinga.com‘s news article titled: “Amazon.com, Inc. (NASDAQ:AMZN), FedEx Corporation (NYSE:FDX) – Logistics Market Expansion Dominated By Manufacturing, Retail – Benzinga” with publication date: January 02, 2019.

Investors sentiment decreased to 1.18 in 2018 Q3. Its down 0.16, from 1.34 in 2018Q2. It is negative, as 55 investors sold AMZN shares while 636 reduced holdings. 157 funds opened positions while 655 raised stakes. 260.67 million shares or 2.89% less from 268.42 million shares in 2018Q2 were reported. Beaumont Fincl Prtnrs Ltd Liability Corporation holds 0.82% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 4,091 shares. D E Shaw & Company has 635,470 shares for 1.53% of their portfolio. 19,403 are held by Private Wealth Ptnrs Limited Liability Corporation. 79 were accumulated by Community National Bank & Trust Na. 550,601 are held by State Board Of Administration Of Florida Retirement Sys. Telemus Cap Limited Liability Company has invested 2.14% in Amazon.com, Inc. (NASDAQ:AMZN). 349 are held by Biltmore Wealth Mngmt Ltd Liability Co. Dock Street Asset Mngmt owns 17,325 shares. Wcm Invest Management Ca has 60,202 shares for 1.08% of their portfolio. Strategic Glob Ltd holds 0.27% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 439 shares. Asset Mngmt Grp Inc has 0.31% invested in Amazon.com, Inc. (NASDAQ:AMZN). Newbrook Cap Advsrs Limited Partnership holds 5.18% or 35,126 shares. Mcdaniel Terry Co holds 0.21% or 611 shares in its portfolio. Washington Tru Bank holds 0.48% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 1,612 shares. Alberta – Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management has invested 0.41% in Amazon.com, Inc. (NASDAQ:AMZN).

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 330 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Jefferies on Friday, June 16. As per Monday, July 17, the company rating was maintained by UBS. The firm has “Buy” rating given on Friday, October 27 by Canaccord Genuity. The rating was maintained by Benchmark with “Buy” on Friday, February 3. On Monday, July 10 the stock rating was maintained by Credit Suisse with “Buy”. As per Friday, April 27, the company rating was maintained by Canaccord Genuity. Stifel Nicolaus maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, October 23 with “Buy” rating. As per Friday, February 2, the company rating was maintained by Stifel Nicolaus. The company was maintained on Friday, October 23 by Benchmark. The firm has “Buy” rating by Monness Crespi & Hardt given on Friday, July 24.

Checchi Capital Advisers Llc, which manages about $305.00M and $867.99 million US Long portfolio, upped its stake in Ishares Inc (EWY) by 6,087 shares to 48,647 shares, valued at $3.32 million in 2018Q3, according to the filing. It also increased its holding in Invesco Exchng Traded Fd Tr by 20,793 shares in the quarter, for a total of 240,830 shares, and has risen its stake in Vanguard Scottsdale Fds (VCSH).

Since August 15, 2018, it had 0 buys, and 22 selling transactions for $92.11 million activity. $3.28 million worth of stock was sold by Jassy Andrew R on Wednesday, August 15. Another trade for 181 shares valued at $285,960 was made by Huttenlocher Daniel P on Thursday, November 15. Another trade for 1,927 shares valued at $3.66 million was made by Zapolsky David on Wednesday, August 15. McGrath Judith A also sold $952,500 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, August 15. $824,513 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Reynolds Shelley. On Thursday, November 15 the insider Olsavsky Brian T sold $3.21 million.

Among 30 analysts covering General Electric Company (NYSE:GE), 12 have Buy rating, 3 Sell and 15 Hold. Therefore 40% are positive. General Electric Company had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, June 26 by CFRA. As per Monday, June 12, the company rating was maintained by Cowen & Co. JP Morgan maintained it with “Underweight” rating and $17 target in Wednesday, November 1 report. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, October 19 by Cowen & Co. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 31. As per Wednesday, April 12, the company rating was maintained by Credit Suisse. The rating was initiated by UBS with “Hold” on Tuesday, January 23. BMO Capital Markets maintained General Electric Company (NYSE:GE) rating on Thursday, March 23. BMO Capital Markets has “Hold” rating and $67 target. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, July 17. JP Morgan maintained the shares of GE in report on Monday, February 12 with “Underweight” rating.

Investors sentiment decreased to 0.56 in Q3 2018. Its down 0.03, from 0.59 in 2018Q2. It turned negative, as 83 investors sold GE shares while 743 reduced holdings. 114 funds opened positions while 346 raised stakes. 4.54 billion shares or 0.56% more from 4.51 billion shares in 2018Q2 were reported. Cypress Cap reported 88,315 shares stake. Cambridge Rech Advsr has invested 0.14% in General Electric Company (NYSE:GE). Homrich And Berg owns 57,925 shares for 0.04% of their portfolio. Hilltop Holdings, a Texas-based fund reported 15,026 shares. 55,168 are held by Ascend Limited Liability Corporation. Bartlett And Lc has invested 0.06% in General Electric Company (NYSE:GE). Cape Cod Five Cents Natl Bank has 0.25% invested in General Electric Company (NYSE:GE). The Kentucky-based Regent Invest Mngmt Lc has invested 0.06% in General Electric Company (NYSE:GE). D E Shaw reported 32.10 million shares stake. Kamunting Street Mgmt LP invested in 0.41% or 40,000 shares. Markston Intll Ltd Limited Liability Company invested 0.01% in General Electric Company (NYSE:GE). Tennessee-based Patten Patten Inc Tn has invested 0.36% in General Electric Company (NYSE:GE). Thompson Siegel Walmsley Ltd Liability Com has 70,757 shares. 10,938 were accumulated by Aviance Capital Mgmt Limited Liability. 124,356 are held by Plancorp Limited Liability Com.

Edge Wealth Management Llc, which manages about $803.39 million and $416.36 million US Long portfolio, upped its stake in Southern Co/The (NYSE:SO) by 24,375 shares to 149,851 shares, valued at $6.53 million in 2018Q3, according to the filing. It also increased its holding in Energy Transfer Partners Lp by 22,688 shares in the quarter, for a total of 47,335 shares, and has risen its stake in Delta Air Lines Inc (NYSE:DAL).

Since July 24, 2018, it had 4 buys, and 0 selling transactions for $5.27 million activity. DIMITRIEF ALEXANDER bought $94,800 worth of stock or 10,000 shares. DSOUZA FRANCISCO bought $499,200 worth of stock or 60,000 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 31 before the open. They expect $0.18 EPS, down 33.33% or $0.09 from last year’s $0.27 per share. GE’s profit will be $1.57B for 12.42 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

General Electric Company (NYSE:GE) Institutional Positions Chart

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