Utah Retirement Systems Increased Its Position in Amazon Com (AMZN) by $1.59 Million; Target (TGT) Holder Legg Mason Asset Management Japan Trimmed Holding

June 14, 2018 - By Henry Gaston

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

Bill Miller decreased its stake in Target Corp (TGT) by 19.82% based on its latest 2018Q1 regulatory filing with the SEC. Legg Mason Asset Management Japan sold 9,000 shares as the company’s stock declined 7.40% with the market. The hedge fund run by Bill Miller held 36,400 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $2.53 million, down from 45,400 at the end of the previous reported quarter. Legg Mason Asset Management Japan who had been investing in Target Corp for a number of months, seems to be less bullish one the $41.27B market cap company. The stock decreased 0.79% or $0.62 during the last trading session, reaching $77.4. About 2.47 million shares traded. Target Corporation (NYSE:TGT) has risen 31.38% since June 14, 2017 and is uptrending. It has outperformed by 18.81% the S&P500. Some Historical TGT News: 06/03/2018 – Target 4Q Average Transaction Amount Rose 0.4%; 23/03/2018 – Shares of Target and Kroger jump on report of possible merger talks; 06/03/2018 – TARGET CONCLUDES INVESTOR PRESENTATION; 06/03/2018 – Target: Wage Increase Part of Previously Announced Plan to Boost to $15 by End of 2020; 15/03/2018 – Target Corporation Declares Regular Quarterly Dividend; 19/04/2018 – Target leads the way as U.S. corporations look to go big on solar; 06/03/2018 – Target Announces Plans to Accelerate Multiyear Strategy; 02/04/2018 – Target has made little apparent advancements in the grocery aisles and in beefing up its digital operations of late; 30/05/2018 – Pura Naturals Announces Additional Staff Appointments in Sales and Marketing; 15/03/2018 – CFO Smith Disposes 271 Of Target Corp

Utah Retirement Systems increased its stake in Amazon Com Inc (AMZN) by 1.49% based on its latest 2018Q1 regulatory filing with the SEC. Utah Retirement Systems bought 1,100 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 75,004 shares of the consumer services company at the end of 2018Q1, valued at $108.56 million, up from 73,904 at the end of the previous reported quarter. Utah Retirement Systems who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $834.72B market cap company. The stock increased 0.90% or $15.4 during the last trading session, reaching $1720.26. About 2.02M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 14, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 05/03/2018 – Amazon’s Ring buy gives it the same number of acquisitions this year as Apple or Google The online retailer’s acquisitions by the numbers; 20/03/2018 – Amazon’s secretive health team talking with AARP about making products for older people; 29/03/2018 – President Donald Trump went after Amazon in a tweet, saying the online retailer pays “little or no taxes to state & local governments.”; 11/05/2018 – Amazon drops shopping ads on Google, sources say; 08/03/2018 – CNBC Wires: RPT-EXCLUSIVE-Amazon.com readies move to sell electronics directly in Brazil; 22/05/2018 – ACLU: Police using Amazon’s facial recognition tool could pose a ‘grave threat’ to communities; 28/05/2018 – Phys.Org.com: Amazon’s finance ambitions are said to draw attention from Fed; 26/04/2018 – Amazon, NFL Renew Contract For Thursday Night Football Streaming — MarketWatch; 15/05/2018 – Matrix Adds Veeva, Exits Amazon, Cuts Netflix: 13F; 28/03/2018 – KRUGMAN: SOMEWHAT OF A MONOPSONY SITUATION WITH AMAZON

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: “At What Point Do I Sell Target?” on June 14, 2018, also Seekingalpha.com with their article: “Target: Could Be Worse To Come” published on May 24, 2018, Nasdaq.com published: “Target and Shipt Expand Same-Day Delivery in Texas” on June 14, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Traffic strong at Target” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Sell Target Into Earnings” with publication date: May 23, 2018.

Among 29 analysts covering Target Corporation (NYSE:TGT), 11 have Buy rating, 3 Sell and 15 Hold. Therefore 38% are positive. Target Corporation had 92 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 17 by M Partners. The company was upgraded on Tuesday, September 8 by Vetr. BMO Capital Markets maintained the shares of TGT in report on Thursday, July 13 with “Hold” rating. The firm has “Buy” rating by Susquehanna given on Friday, February 16. The rating was maintained by Jefferies on Thursday, August 31 with “Hold”. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, January 9. The company was maintained on Thursday, February 4 by Piper Jaffray. The rating was initiated by Credit Suisse on Monday, March 5 with “Buy”. The stock has “Hold” rating by Deutsche Bank on Monday, August 17. The firm has “Strong-Buy” rating by Vetr given on Wednesday, September 2.

Analysts await Target Corporation (NYSE:TGT) to report earnings on August, 15. They expect $1.39 earnings per share, up 13.01% or $0.16 from last year’s $1.23 per share. TGT’s profit will be $741.06 million for 13.92 P/E if the $1.39 EPS becomes a reality. After $1.32 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 5.30% EPS growth.

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.21, from 1.29 in 2017Q4. It dropped, 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. Gradient Lc owns 580 shares or 0.05% of their US portfolio. Moreover, Baker Avenue Asset LP has 0.68% invested in Amazon.com, Inc. (NASDAQ:AMZN). Edgestream Ptnrs LP has invested 0.39% in Amazon.com, Inc. (NASDAQ:AMZN). Mitsubishi Ufj Tru Bk Corporation has invested 2.81% in Amazon.com, Inc. (NASDAQ:AMZN). Twin Tree Mngmt LP accumulated 6,302 shares. Ashfield Capital Limited Liability Corporation reported 1.99% in Amazon.com, Inc. (NASDAQ:AMZN). Boston Advsrs invested in 3.4% or 91,826 shares. Bender Robert & Assocs owns 8,180 shares. Efg Asset Mgmt (Americas) has 3,131 shares. Ledyard Retail Bank accumulated 7,955 shares. Mercer Cap Advisers holds 985 shares or 1.05% of its portfolio. Earnest Prns Ltd Limited Liability Company holds 188 shares. Da Davidson And stated it has 12,962 shares or 0.39% of all its holdings. Jabre Cap Partners has 1.32% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 4,250 shares. Cambridge Investment Advsr, a Iowa-based fund reported 52,135 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 304 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Guggenheim on Friday, September 30 with “Buy”. The firm has “Neutral” rating by SunTrust given on Friday, July 24. William Blair initiated the stock with “Outperform” rating in Friday, June 10 report. The firm has “Buy” rating given on Friday, February 23 by Wolfe Research. On Friday, February 2 the stock rating was maintained by Jefferies with “Buy”. Morgan Stanley maintained it with “Overweight” rating and $740 target in Friday, August 28 report. Credit Suisse maintained it with “Outperform” rating and $1800 target in Friday, April 20 report. The firm earned “Buy” rating on Friday, April 27 by Aegis Capital. The firm earned “Buy” rating on Tuesday, September 12 by Loop Capital Markets. The rating was reinitiated by Monness with “Buy” on Wednesday, April 11.

Utah Retirement Systems, which manages about $4.70B US Long portfolio, decreased its stake in Disney Walt Co (NYSE:DIS) by 7,000 shares to 280,377 shares, valued at $28.16M in 2018Q1, according to the filing. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 5,100 shares in the quarter, leaving it with 139,032 shares, and cut its stake in Citigroup Inc (NYSE:C).

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