Lucas Capital Management Cut By $510,853 Its Amazon Com (AMZN) Position; Fir Tree Has Increased Mgm Resorts International (MGM) Stake

May 24, 2018 - By Vivian Park

MGM Resorts International (NYSE:MGM) Logo

Fir Tree Inc increased Mgm Resorts International (MGM) stake by 148.45% reported in 2017Q4 SEC filing. Fir Tree Inc acquired 2.17 million shares as Mgm Resorts International (MGM)’s stock rose 4.56%. The Fir Tree Inc holds 3.63 million shares with $121.10 million value, up from 1.46 million last quarter. Mgm Resorts International now has $17.59B valuation. The stock increased 0.06% or $0.02 during the last trading session, reaching $31.6. About 7.25 million shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since May 24, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.

Lucas Capital Management decreased Amazon Com Inc (AMZN) stake by 13.9% reported in 2017Q4 SEC filing. Lucas Capital Management sold 437 shares as Amazon Com Inc (AMZN)’s stock rose 28.13%. The Lucas Capital Management holds 2,708 shares with $3.17 million value, down from 3,145 last quarter. Amazon Com Inc now has $777.27 billion valuation. The stock increased 1.29% or $20.46 during the last trading session, reaching $1601.86. About 2.97M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since May 24, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Since December 7, 2017, it had 0 insider buys, and 21 sales for $64.49 million activity. Another trade for 1,375 shares valued at $2.17 million was made by STONESIFER PATRICIA Q on Wednesday, May 2. Another trade for 1,645 shares valued at $2.59M was sold by WILKE JEFFREY A. Reynolds Shelley also sold $686,439 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. Olsavsky Brian T sold $3.22 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, May 15. 2,054 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $3.23 million were sold by Blackburn Jeffrey M. Another trade for 2,216 shares valued at $3.24 million was sold by Zapolsky David. Jassy Andrew R sold $2.72M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, May 15.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.42 earnings per share, up 505.00% or $2.02 from last year’s $0.4 per share. AMZN’s profit will be $1.17 billion for 165.48 P/E if the $2.42 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -25.99% negative EPS growth.

Lucas Capital Management increased Ishares Nasdaq Biotechnology Index Etf (IBB) stake by 20,258 shares to 30,351 valued at $3.24 million in 2017Q4. It also upped Vanguard Ftse Developed Markets Etf (VEA) stake by 60,047 shares and now owns 66,176 shares. Industrial Select Sector Spdr Fund (XLI) was raised too.

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 of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, September 12 by Loop Capital Markets. The firm has “Buy” rating given on Monday, May 7 by Telsey Advisory. The stock has “Buy” rating by Canaccord Genuity on Friday, October 28. As per Friday, July 24, the company rating was upgraded by Barclays Capital. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, April 29 by Mizuho. As per Friday, October 23, the company rating was maintained by Monness Crespi & Hardt. The firm earned “Buy” rating on Sunday, October 22 by Stifel Nicolaus. The rating was maintained by Credit Suisse on Friday, April 20 with “Outperform”. The firm has “Buy” rating by Evercore given on Wednesday, August 26. Argus Research maintained the shares of AMZN in report on Thursday, September 21 with “Buy” rating.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “The Proof That Amazon Is Undervalued” on May 23, 2018, also Seekingalpha.com with their article: “Bloomberg: Fed watching Amazon’s move into finances” published on May 24, 2018, Bizjournals.com published: “Editor’s Notebook: NC wants Apple and Amazon, but HB2 issues linger” on May 22, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Amazon’s Advertising Business: An Emerging Giant” published on May 21, 2018 as well as Livetradingnews.com‘s news article titled: “Amazon.com, Inc. (NASDAQ:AMZN) Stock Consolidating” with publication date: May 22, 2018.

Investors sentiment increased to 1.29 in 2017 Q4. 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. Mark Asset Mngmt owns 23,372 shares or 6.85% of their US portfolio. De Burlo Grp Inc holds 3.34% or 14,084 shares in its portfolio. Malaga Cove Capital Lc reported 1,920 shares or 1.25% of all its holdings. Alphamark Advsrs Ltd Liability holds 0.03% in Amazon.com, Inc. (NASDAQ:AMZN) or 60 shares. First Personal invested in 1,299 shares. 50,780 were reported by Altimeter Cap Limited Partnership. Nbt Bancshares N A Ny has invested 0.09% in Amazon.com, Inc. (NASDAQ:AMZN). 8,300 are owned by Peapack Gladstone Fincl Corporation. Woodstock Corporation holds 191 shares or 0.04% of its portfolio. Ardsley Advisory Partners invested in 0.11% or 750 shares. Paradigm Asset Comm Limited Com has 0.83% invested in Amazon.com, Inc. (NASDAQ:AMZN). Pinnacle Assoc Ltd reported 0.16% stake. Peregrine Asset Advisers Incorporated holds 6,639 shares. Whalerock Point Prtnrs Lc reported 0.45% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Fernwood Invest Mgmt Limited Liability Co invested in 0.2% or 320 shares.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Fool.com which released: “Is This Proof an MGM-Wynn Resorts Merger Is Off the Table?” on May 22, 2018, also Seekingalpha.com with their article: “MGM Resorts falls after US business disappoints” published on April 26, 2018, Seekingalpha.com published: “The sports betting scramble is on” on May 24, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Seekingalpha.com and their article: “MGM Resorts perky into analyst day event” published on May 10, 2018 as well as Prnewswire.com‘s news article titled: “Supreme Court Decision Empowers States to Take Action on Sports Betting” with publication date: May 24, 2018.

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.58, from 1.53 in 2017Q3. It is negative, as 60 investors sold MGM shares while 150 reduced holdings. 71 funds opened positions while 128 raised stakes. 450.52 million shares or 1.77% less from 458.66 million shares in 2017Q3 were reported. Regentatlantic Capital Limited Liability Com holds 34,465 shares or 0.09% of its portfolio. Prelude Cap Mngmt Lc, New York-based fund reported 15,328 shares. Barclays Public Lc invested in 0.1% or 3.75 million shares. Institute For Wealth Mngmt Ltd Company holds 0.06% or 7,710 shares in its portfolio. Tarbox Family Office reported 0% stake. Ameritas Investment Prtn has 11,029 shares for 0.02% of their portfolio. Moreover, Royal Bank Of Canada has 0.02% invested in MGM Resorts International (NYSE:MGM) for 1.19M shares. Ameriprise Financial Inc accumulated 503,398 shares. Grp Inc One Trading Limited Partnership has invested 0.01% of its portfolio in MGM Resorts International (NYSE:MGM). Utah Retirement, Utah-based fund reported 92,781 shares. 159,719 are owned by Calamos Wealth Mgmt Ltd Com. Schwab Charles Invest Mngmt owns 1.82 million shares. Oregon Public Employees Retirement Fund holds 0.03% of its portfolio in MGM Resorts International (NYSE:MGM) for 51,277 shares. 84,928 were reported by Sg Americas Ltd Liability. Bridgecreek Invest Ltd Liability Corporation accumulated 6,762 shares or 0.05% of the stock.

Fir Tree Inc decreased Altaba Inc stake by 1.09M shares to 1.26M valued at $87.76 million in 2017Q4. It also reduced Sm Energy Co (NYSE:SM) stake by 694,841 shares and now owns 4.00 million shares. Equinix Inc (NASDAQ:EQIX) was reduced too.

Since February 22, 2018, it had 1 buy, and 7 insider sales for $5.19 million activity. $215,773 worth of MGM Resorts International (NYSE:MGM) shares were sold by BIBLE WILLIAM A. 3,840 shares were sold by HERMAN ALEXIS, worth $121,551 on Monday, April 30. SANDERS COREY IAN sold $848,588 worth of stock or 23,134 shares. $434,632 worth of MGM Resorts International (NYSE:MGM) was sold by TAYLOR DANIEL J on Thursday, February 22. $35,500 worth of MGM Resorts International (NYSE:MGM) shares were bought by GROUNDS WILLIAM WARWICK. 60,000 shares were sold by HORNBUCKLE WILLIAM, worth $2.18 million on Friday, March 9. D’ARRIGO DANIEL had sold 36,366 shares worth $1.26M on Friday, February 23.

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

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