Nuveen Select Tax Free Incm (NXQ) Holder Tortoise Investment Management Has Trimmed Its Position by $495,898; American National Insurance Company Increases Holding in Amazon.Com (AMZN)

June 17, 2018 - By Marguerite Chambers

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

Tortoise Investment Management Llc decreased its stake in Nuveen Select Tax Free Incm (NXQ) by 13.27% based on its latest 2018Q1 regulatory filing with the SEC. Tortoise Investment Management Llc sold 38,146 shares as the company’s stock declined 1.02% with the market. The institutional investor held 249,282 shares of the company at the end of 2018Q1, valued at $3.36 million, down from 287,428 at the end of the previous reported quarter. Tortoise Investment Management Llc who had been investing in Nuveen Select Tax Free Incm for a number of months, seems to be less bullish one the $240.38M market cap company. The stock increased 0.74% or $0.1 during the last trading session, reaching $13.57. About 4,938 shares traded. Nuveen Select Tax-Free Income Portfolio 2 (NYSE:NXQ) has declined 1.31% since June 17, 2017 and is downtrending. It has underperformed by 13.88% the S&P500.

American National Insurance Company increased its stake in Amazon.Com Inc. (AMZN) by 57.01% based on its latest 2018Q1 regulatory filing with the SEC. American National Insurance Company bought 10,555 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 29,070 shares of the consumer services company at the end of 2018Q1, valued at $42.07 million, up from 18,515 at the end of the previous reported quarter. American National Insurance Company who had been investing in Amazon.Com Inc. for a number of months, seems to be bullish on the $832.64 billion market cap company. The stock decreased 0.46% or $7.89 during the last trading session, reaching $1715.97. About 3.88M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 17, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 26/04/2018 – NATIONAL FOOTBALL LEAGUE AND AMAZON RENEW STREAMING PARTNERSHIP FOR THURSDAY NIGHT FOOTBALL; 18/04/2018 – Mass Transit Mag: Bay Area’s 511 Service Now Available on Amazon Alexa Devices; 23/04/2018 – Deutsche Telekom unit T-Systems to return to profit in 2020 – CEO; 26/04/2018 – UPS CEO SAYS CONFIDENT CAN REACH AGREEMENT THAT WOULD REWARD EMPLOYEES BUT ALSO KEEP UPS COMPETITIVE; 02/05/2018 – Amazon appears willing to sacrifice profits in order to grow its payments service; 26/04/2018 – Amazon 1Q EPS $3.27; 16/05/2018 – Correction to Amazon Prime Story; 06/04/2018 – CNBC Now: EXCLUSIVE– Mnuchin to CNBC: Amazon’s practice of not collecting taxes from third-party sellers ‘doesn’t make sense’; 07/03/2018 – International Products Group names veteran Amazon, Walmart buyer Jeff Fernandez Executive Vice President; 05/04/2018 – Tech helped lead the move higher, with Facebook jumping 2 percent and 1.5 percent gains in Netflix and Amazon

Since February 15, 2018, it had 0 insider purchases, and 21 insider sales for $63.19 million activity. $2.90 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Jassy Andrew R. Another trade for 1,927 shares valued at $3.03M was sold by Zapolsky David. ALBERG TOM A sold $3.35 million worth of stock. $2.17M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by STONESIFER PATRICIA Q. The insider Blackburn Jeffrey M sold 12,666 shares worth $18.50 million. Another trade for 544 shares valued at $795,502 was sold by Reynolds Shelley.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Report: Microsoft Working on ‘Amazon Go’ Type Technology” on June 15, 2018, also Seekingalpha.com with their article: “Amazon’s “style assistant” camera now widely available” published on June 06, 2018, Benzinga.com published: “Where Is Amazon Investing In Fintech?” on June 10, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “The Race To $1 Trillion, But What About $2 Trillion?” published on June 15, 2018 as well as Seekingalpha.com‘s news article titled: “Microsoft takes aim at Amazon Go” with publication date: June 14, 2018.

American National Insurance Company, which manages about $1.97B US Long portfolio, decreased its stake in General Electric Co. (NYSE:GE) by 25,000 shares to 810,375 shares, valued at $10.92 million in 2018Q1, according to the filing. It also reduced its holding in Mattel Inc. (NASDAQ:MAT) by 27,000 shares in the quarter, leaving it with 155,570 shares, and cut its stake in The Travelers Companies Inc. (NYSE:TRV).

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.21, from 1.29 in 2017Q4. It worsened, as 73 investors sold AMZN shares while 659 reduced holdings. 173 funds opened positions while 614 raised stakes. 266.38 million shares or 4.87% less from 280.02 million shares in 2017Q4 were reported. Meyer Handelman Company holds 7,908 shares or 0.58% of its portfolio. Virtu Financial Ltd Liability Co owns 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 523 shares. 589 are held by Argi Invest Services Ltd Liability Company. Cibc Mkts invested 0.68% in Amazon.com, Inc. (NASDAQ:AMZN). Modera Wealth Management Ltd Company holds 0.09% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 311 shares. Edge Wealth Mngmt Limited Liability Company reported 1,855 shares. First Manhattan has 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 5,379 shares. Davis Selected Advisers reported 1.14 million shares. Rosenblum Silverman Sutton S F Ca reported 5.91% stake. Klingenstein Fields Com Ltd accumulated 1.55% or 27,965 shares. 7,643 are held by Botty Limited. Atika Capital Mngmt Lc reported 1.74% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Laurel Grove Capital Limited Liability Corporation invested 3.41% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Shikiar Asset Mngmt Inc reported 7.73% in Amazon.com, Inc. (NASDAQ:AMZN). Barclays Pcl accumulated 867,858 shares.

Among 55 analysts covering Amazon.com (NASDAQ:AMZN), 52 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 305 analyst reports since July 21, 2015 according to SRatingsIntel. Macquarie Research maintained Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, February 13 with “Buy” rating. DA Davidson maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Monday, February 12. DA Davidson has “Buy” rating and $1800.0 target. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Positive” rating by Susquehanna on Monday, January 18. The firm has “Buy” rating given on Friday, July 28 by Jefferies. Needham maintained the shares of AMZN in report on Tuesday, January 30 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $1000 target in Friday, September 16 report. On Tuesday, January 23 the stock rating was maintained by Loop Capital with “Buy”. J.P. Morgan maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, July 28 with “Buy” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Outperform” rating by Wedbush on Friday, July 29. The firm has “Buy” rating by M Partners given on Tuesday, May 29.

Tortoise Investment Management Llc, which manages about $469.58 million and $361.23M US Long portfolio, upped its stake in Powershares Active Mng Etf T by 158,135 shares to 228,594 shares, valued at $5.74M in 2018Q1, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHP) by 14,560 shares in the quarter, for a total of 16,690 shares, and has risen its stake in Nuveen Maryland Qlt Mun Inc (NMY).

Investors sentiment increased to 2 in 2018 Q1. Its up 0.60, from 1.4 in 2017Q4. It improved, as 1 investors sold NXQ shares while 7 reduced holdings. 6 funds opened positions while 10 raised stakes. 1.55 million shares or 11.93% more from 1.38 million shares in 2017Q4 were reported. Fifth Third National Bank & Trust reported 2,046 shares or 0% of all its holdings. Raymond James Trust Na reported 12,366 shares. Management Professionals Inc has 700 shares. Parametric Portfolio Limited Liability Corporation owns 74,773 shares or 0% of their US portfolio. Royal Financial Bank Of Canada reported 55,396 shares. Raymond James Fincl Advsr stated it has 0% in Nuveen Select Tax-Free Income Portfolio 2 (NYSE:NXQ). Tortoise Mgmt Limited Liability Company has 0.93% invested in Nuveen Select Tax-Free Income Portfolio 2 (NYSE:NXQ). Moreover, Lpl Ltd Llc has 0% invested in Nuveen Select Tax-Free Income Portfolio 2 (NYSE:NXQ). Van Eck Associates Corp has 46,912 shares. Massmutual Tru Fsb Adv reported 4 shares or 0% of all its holdings. 1607 Prtn Lc holds 0.07% or 92,343 shares. Thomas J Herzfeld Advisors, a Florida-based fund reported 4,722 shares. 20,695 were reported by Janney Montgomery Scott Limited Liability Corporation. Northwestern Mutual Wealth Mngmt Communication holds 0% or 2,417 shares. Ancora Ltd Limited Liability Company reported 0.01% stake.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

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By1 Marguerite Chambers

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