Smithbridge Asset Management Has Lowered Its Interdigital (IDCC) Holding by $304,000 as Share Price Declined; Amazon Com (AMZN) Position Has Raised by Vgi Partners Pty Ltd

May 20, 2018 - By Stephen Andrade

InterDigital, Inc. (NASDAQ:IDCC) Logo

Vgi Partners Pty Ltd increased its stake in Amazon Com Inc (AMZN) by 9.51% based on its latest 2017Q4 regulatory filing with the SEC. Vgi Partners Pty Ltd bought 7,282 shares as the company’s stock rose 28.13% while stock markets declined. The institutional investor held 83,865 shares of the consumer services company at the end of 2017Q4, valued at $98.08M, up from 76,583 at the end of the previous reported quarter. Vgi Partners Pty Ltd who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $763.93 billion market cap company. The stock decreased 0.47% or $7.39 during the last trading session, reaching $1574.37. About 2.18 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since May 20, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Smithbridge Asset Management Inc decreased its stake in Interdigital Inc (IDCC) by 8.7% based on its latest 2017Q4 regulatory filing with the SEC. Smithbridge Asset Management Inc sold 4,000 shares as the company’s stock declined 4.27% with the market. The institutional investor held 42,000 shares of the miscellaneous company at the end of 2017Q4, valued at $3.20M, down from 46,000 at the end of the previous reported quarter. Smithbridge Asset Management Inc who had been investing in Interdigital Inc for a number of months, seems to be less bullish one the $2.75 billion market cap company. The stock decreased 0.44% or $0.35 during the last trading session, reaching $79.25. About 205,601 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has declined 15.03% since May 20, 2017 and is downtrending. It has underperformed by 26.58% the S&P500.

Since December 7, 2017, it had 0 buys, and 15 insider sales for $49.01 million activity. 2,285 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $3.35M were sold by ALBERG TOM A. 544 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $795,502 were sold by Reynolds Shelley. Blackburn Jeffrey M also sold $18.50 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. $3.24M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Zapolsky David. 1,550 shares valued at $2.35M were sold by WILKE JEFFREY A on Tuesday, February 27. Olsavsky Brian T sold $3.42 million worth of stock or 2,333 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 302 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Guggenheim on Thursday, December 14. On Friday, June 16 the stock rating was maintained by Jefferies with “Buy”. On Wednesday, January 10 the stock rating was maintained by J.P. Morgan with “Buy”. The firm earned “Buy” rating on Friday, July 28 by Jefferies. The firm earned “Buy” rating on Thursday, September 21 by Argus Research. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Deutsche Bank on Tuesday, October 24. The firm has “Buy” rating by SunTrust given on Monday, October 2. The rating was maintained by Canaccord Genuity on Thursday, December 1 with “Buy”. JMP Securities maintained the shares of AMZN in report on Friday, February 2 with “Market Outperform” rating. Piper Jaffray maintained it with “Overweight” rating and $800 target in Friday, October 23 report.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.03, from 1.26 in 2017Q3. It is positive, 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. St Johns Management reported 0.88% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). The United Kingdom-based Marathon Asset Management Ltd Liability Partnership has invested 0.99% in Amazon.com, Inc. (NASDAQ:AMZN). Forte Capital Limited Co Adv holds 6,946 shares or 2.42% of its portfolio. Moreover, Oakmont Limited has 0.16% invested in Amazon.com, Inc. (NASDAQ:AMZN). Pictet North America Advisors Sa stated it has 0.27% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Bb&T owns 23,996 shares for 0.52% of their portfolio. Dynamic Advisors Solutions Ltd Llc has invested 0.57% in Amazon.com, Inc. (NASDAQ:AMZN). Discovery Mgmt Limited Company Ct holds 100,699 shares or 3.64% of its portfolio. Covington Management reported 1.27% in Amazon.com, Inc. (NASDAQ:AMZN). De Burlo Grp Inc Incorporated reported 3.34% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Oakwood Mngmt Limited Ca stated it has 4,877 shares or 1.26% of all its holdings. Centurylink Invest Mngmt owns 5,578 shares for 2.3% of their portfolio. Sterneck Capital Mgmt Limited Liability Company owns 180 shares or 0.13% of their US portfolio. Comerica Inc has invested 0.5% in Amazon.com, Inc. (NASDAQ:AMZN). Checchi Capital Advisers Lc holds 0.67% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 4,281 shares.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Investorplace.com which released: “Amazon (AMZN) Prime in Focus, New Series to Lend Competitive Edge” on May 18, 2018, also Livetradingnews.com with their article: “Amazon.com, Inc. (NASDAQ:AMZN) Stock Consolidating” published on May 17, 2018, Seekingalpha.com published: “Pentagon explains single winner for cloud contract” on May 14, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “WaPo: Trump pushed Postmaster General to double Amazon fees” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon And Its Red Hot Valuation” with publication date: May 14, 2018.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on July, 26. They expect $0.26 EPS, down 82.19% or $1.20 from last year’s $1.46 per share. IDCC’s profit will be $9.04M for 76.20 P/E if the $0.26 EPS becomes a reality. After $1.29 actual EPS reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -79.84% negative EPS growth.

Smithbridge Asset Management Inc, which manages about $174.53 million and $158.38M US Long portfolio, upped its stake in Novartis A G Sponsored Adr (NYSE:NVS) by 7,530 shares to 17,558 shares, valued at $1.47 million in 2017Q4, according to the filing. It also increased its holding in Wisdomtree Tr Smallcap Divid (DES) by 74,907 shares in the quarter, for a total of 106,803 shares, and has risen its stake in Chevron Corp Com (NYSE:CVX).

More notable recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Globenewswire.com which released: “InterDigital Announces May and June 2018 Investor Conference Schedule” on May 18, 2018, also Seekingalpha.com with their article: “InterDigital’s (IDCC) CEO Bill Merritt on Q1 2018 Results – Earnings Call Transcript” published on April 26, 2018, Globenewswire.com published: “InterDigital Announces Financial Results for First Quarter 2018” on April 26, 2018. More interesting news about InterDigital, Inc. (NASDAQ:IDCC) were released by: Globenewswire.com and their article: “Eric Cohen Joins InterDigital as Chief Development Officer” published on April 23, 2018 as well as Globenewswire.com‘s news article titled: “Henry Tirri Joins InterDigital as Chief Technology Officer” with publication date: May 17, 2018.

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

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