Northstar Group Lowered Its Stake in Amazon Com (AMZN) as Stock Value Rose; As Oneok (OKE) Stock Value Rose, Dearborn Partners Increased Stake

April 17, 2018 - By William Brooks

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

Northstar Group Inc decreased its stake in Amazon Com Inc (AMZN) by 29.79% based on its latest 2017Q4 regulatory filing with the SEC. Northstar Group Inc sold 943 shares as the company’s stock rose 28.13% while stock markets declined. The institutional investor held 2,223 shares of the consumer services company at the end of 2017Q4, valued at $2.60 million, down from 3,166 at the end of the previous reported quarter. Northstar Group Inc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $714.54 billion market cap company. The stock increased 2.39% or $34.5 during the last trading session, reaching $1476. About 1.43M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since April 17, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Dearborn Partners Llc increased its stake in Oneok Inc (OKE) by 6.39% based on its latest 2017Q4 regulatory filing with the SEC. Dearborn Partners Llc bought 26,080 shares as the company’s stock rose 7.05% while stock markets declined. The institutional investor held 433,903 shares of the public utilities company at the end of 2017Q4, valued at $23.19M, up from 407,823 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in Oneok Inc for a number of months, seems to be bullish on the $24.64 billion market cap company. The stock increased 0.30% or $0.18 during the last trading session, reaching $59.93. About 350,012 shares traded. ONEOK, Inc. (NYSE:OKE) has risen 7.29% since April 17, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

Investors sentiment decreased to 1.18 in 2017 Q4. Its down 1.64, from 2.82 in 2017Q3. It worsened, as 49 investors sold OKE shares while 194 reduced holdings. 76 funds opened positions while 211 raised stakes. 270.44 million shares or 2.16% more from 264.73 million shares in 2017Q3 were reported. Cambridge Fincl Gp holds 2.9% in ONEOK, Inc. (NYSE:OKE) or 110,001 shares. Tdam Usa Inc invested in 7,825 shares or 0.02% of the stock. Ronna Sue Cohen reported 1.59% of its portfolio in ONEOK, Inc. (NYSE:OKE). Mu Investments Limited owns 0.02% invested in ONEOK, Inc. (NYSE:OKE) for 600 shares. Gotham Asset Mngmt Ltd holds 0.04% or 46,366 shares in its portfolio. Bingham Osborn And Scarborough Ltd Liability Company has invested 0.02% in ONEOK, Inc. (NYSE:OKE). Qs Limited Liability Co stated it has 0.02% in ONEOK, Inc. (NYSE:OKE). Rhode Island-based Parsons Management Ri has invested 0.02% in ONEOK, Inc. (NYSE:OKE). Guggenheim Ltd Liability holds 1.08M shares. Copeland Limited Company holds 140,044 shares. 1,064 were reported by Assetmark. Old Second Bancshares Of Aurora holds 28,337 shares or 0.6% of its portfolio. Denver Invest Advisors Limited Liability owns 9,272 shares or 0.02% of their US portfolio. Ibm Retirement Fund holds 0.09% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 9,097 shares. Financial Mgmt stated it has 110 shares.

Dearborn Partners Llc, which manages about $1.48 billion and $1.39 billion US Long portfolio, decreased its stake in Glacier Bancorp Inc (NASDAQ:GBCI) by 13,724 shares to 486,093 shares, valued at $19.15M in 2017Q4, according to the filing. It also reduced its holding in Chevron Corp (NYSE:CVX) by 196,492 shares in the quarter, leaving it with 77,939 shares, and cut its stake in Xilinx Inc (NASDAQ:XLNX).

Among 20 analysts covering ONEOK (NYSE:OKE), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. ONEOK had 73 analyst reports since August 11, 2015 according to SRatingsIntel. On Wednesday, December 16 the stock rating was maintained by Barclays Capital with “Equal Weight”. As per Wednesday, June 21, the company rating was upgraded by Argus Research. The stock of ONEOK, Inc. (NYSE:OKE) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 4. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, October 17. The rating was maintained by Citigroup with “Buy” on Friday, June 17. The rating was upgraded by Credit Suisse on Thursday, December 31 to “Outperform”. The company was maintained on Tuesday, January 23 by Mizuho. On Friday, June 16 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Stifel Nicolaus on Tuesday, August 1 with “Hold”. Deutsche Bank upgraded the shares of OKE in report on Monday, October 10 to “Hold” rating.

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.03, from 1.26 in 2017Q3. It improved, as 69 investors sold AMZN shares while 578 reduced holdings. 168 funds opened positions while 667 raised stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported. Columbus Circle stated it has 2.59% in Amazon.com, Inc. (NASDAQ:AMZN). Wasatch Advsr Inc invested 0.03% in Amazon.com, Inc. (NASDAQ:AMZN). Stifel Fincl has invested 0.65% in Amazon.com, Inc. (NASDAQ:AMZN). 676 are owned by Mckinley Carter Wealth. Firsthand Capital Mgmt Inc reported 5,000 shares or 4.31% of all its holdings. Tiemann Advisors reported 1,047 shares. The Michigan-based Azimuth Capital Management Lc has invested 0.9% in Amazon.com, Inc. (NASDAQ:AMZN). Eastern Bancorp owns 20,378 shares for 1.6% of their portfolio. Rafferty Asset Mgmt Ltd Liability Company has 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN). Alkeon Mgmt Ltd Limited Liability Company has invested 1.56% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Ngam Advsrs LP owns 156,277 shares. Carret Asset Mgmt Lc reported 0.1% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Oakworth Cap owns 0.28% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 1,010 shares. Orrstown Svcs accumulated 0.04% or 30 shares. Plancorp Ltd Co invested in 450 shares or 0.17% of the stock.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26 after the close. They expect $1.19 EPS, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09M for 310.08 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.

Since December 7, 2017, it had 0 insider buys, and 13 sales for $45.88 million activity. $18.50 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Blackburn Jeffrey M. Jassy Andrew R sold $2.90 million worth of stock or 1,985 shares. $3.35 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by ALBERG TOM A. Reynolds Shelley had sold 544 shares worth $795,502. 2,333 shares were sold by Olsavsky Brian T, worth $3.42 million on Thursday, February 15. 2,216 shares were sold by Zapolsky David, worth $3.24 million on Thursday, February 15.

Northstar Group Inc, which manages about $189.74 million US Long portfolio, upped its stake in Ishares Tr (AOM) by 18,850 shares to 56,200 shares, valued at $2.14 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Bd Index Fd Inc (BSV) by 11,850 shares in the quarter, for a total of 43,250 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

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By1 William Brooks

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