Pictet Bank & Trust LTD Has Lifted Stake in Amazon Com (AMZN) by $2.99 Million as Stock Rose; Shell Asset Management Co Increases Stake in Splunk (SPLK)

January 14, 2018 - By Marguerite Chambers

Pictet Bank & Trust Ltd increased its stake in Amazon Com Inc (AMZN) by 89.18% based on its latest 2017Q3 regulatory filing with the SEC. Pictet Bank & Trust Ltd bought 3,107 shares as the company’s stock rose 13.58% with the market. The institutional investor held 6,591 shares of the consumer services company at the end of 2017Q3, valued at $6.34M, up from 3,484 at the end of the previous reported quarter. Pictet Bank & Trust Ltd who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $628.94B market cap company. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44 million shares traded or 53.24% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Shell Asset Management Co increased its stake in Splunk Inc (SPLK) by 44.65% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co bought 11,399 shares as the company’s stock rose 2.42% with the market. The institutional investor held 36,927 shares of the prepackaged software company at the end of 2017Q3, valued at $2.45 million, up from 25,528 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Splunk Inc for a number of months, seems to be bullish on the $12.68 billion market cap company. The stock increased 0.21% or $0.19 during the last trading session, reaching $89.64. About 1.41M shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 30.53% since January 14, 2017 and is uptrending. It has outperformed by 13.83% the S&P500.

Pictet Bank & Trust Ltd, which manages about $334.56 million US Long portfolio, decreased its stake in Lyondellbasell Industries N (NYSE:LYB) by 17,275 shares to 34,820 shares, valued at $3.45M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWM) by 2,400 shares in the quarter, leaving it with 26,150 shares, and cut its stake in Abbott Labs (NYSE:ABT).

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Friday, October 27. On Friday, July 28 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Overweight” rating by Morgan Stanley given on Friday, February 3. The rating was maintained by Mizuho with “Buy” on Tuesday, August 25. Canaccord Genuity maintained Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, July 25 with “Buy” rating. On Friday, July 24 the stock rating was maintained by Mizuho with “Buy”. Susquehanna initiated the shares of AMZN in report on Monday, January 18 with “Positive” rating. The firm has “Buy” rating given on Friday, July 28 by Jefferies. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 29 report. As per Friday, October 23, the company rating was maintained by Credit Suisse.

Since August 3, 2017, it had 0 insider purchases, and 9 insider sales for $16.47 million activity. Shares for $701,045 were sold by WILKE JEFFREY A. 2,334 shares were sold by Olsavsky Brian T, worth $2.31M on Tuesday, August 15. $1.96M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Jassy Andrew R. Blackburn Jeffrey M also sold $2.05 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 544 shares were sold by Reynolds Shelley, worth $536,666.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It fall, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Manning & Napier Advsr Lc has 1.53% invested in Amazon.com, Inc. (NASDAQ:AMZN). State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 573,223 shares. Jpmorgan Chase And holds 3.62M shares or 0.76% of its portfolio. Frontier Invest Management invested 0.04% in Amazon.com, Inc. (NASDAQ:AMZN). Brinker Cap invested in 8,822 shares or 0.35% of the stock. Commonwealth Equity Inc invested in 90,471 shares or 0.52% of the stock. 10,995 were reported by Sarl. Fdx Advsr Incorporated owns 8,500 shares. Oakbrook Invs Limited Liability Co holds 19,579 shares or 1.22% of its portfolio. Conning holds 10,789 shares or 0.35% of its portfolio. Moreover, Winslow Evans & Crocker has 1.17% invested in Amazon.com, Inc. (NASDAQ:AMZN). Raymond James Trust Na accumulated 5,408 shares. Ws Mgmt Lllp stated it has 15,600 shares. United Bancshares Va holds 0.2% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 220 shares. California Public Employees Retirement owns 862,879 shares for 1.23% of their portfolio.

Investors sentiment increased to 1.41 in Q3 2017. Its up 0.35, from 1.06 in 2017Q2. It improved, as 33 investors sold SPLK shares while 81 reduced holdings. 53 funds opened positions while 108 raised stakes. 143.10 million shares or 3.45% more from 138.32 million shares in 2017Q2 were reported. Mitsubishi Ufj Bk reported 528,315 shares stake. 7,800 are held by Walter Keenan Financial Consulting Company Mi Adv. Robeco Institutional Asset Mgmt Bv reported 1,400 shares or 0% of all its holdings. Eagle Asset Management, Florida-based fund reported 402,152 shares. Moors & Cabot Inc reported 0.08% in Splunk Inc. (NASDAQ:SPLK). Group One Trading Lp invested 0% in Splunk Inc. (NASDAQ:SPLK). Pinebridge Investments Limited Partnership holds 0.05% or 30,923 shares in its portfolio. 2.83 million are held by State Street. Wasatch Advsr Inc accumulated 0% or 4,100 shares. State Board Of Administration Of Florida Retirement accumulated 197,292 shares or 0.04% of the stock. Lazard Asset Mgmt Ltd Liability, a New York-based fund reported 659,665 shares. Cypress Capital Management Lc (Wy) holds 100 shares. Ithaka Gp Limited stated it has 1.74% in Splunk Inc. (NASDAQ:SPLK). Stevens Cap Limited Partnership invested 0.04% of its portfolio in Splunk Inc. (NASDAQ:SPLK). Ameriprise has 0.17% invested in Splunk Inc. (NASDAQ:SPLK) for 5.45 million shares.

Among 43 analysts covering Splunk Inc (NASDAQ:SPLK), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Splunk Inc had 150 analyst reports since August 24, 2015 according to SRatingsIntel. Susquehanna upgraded the shares of SPLK in report on Friday, August 25 to “Positive” rating. As per Sunday, August 13, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by MUFG Securities Americas Inc given on Thursday, November 16. On Thursday, August 24 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Splunk Inc. (NASDAQ:SPLK) earned “Buy” rating by UBS on Friday, November 17. The rating was initiated by Drexel Hamilton with “Buy” on Friday, October 9. The stock of Splunk Inc. (NASDAQ:SPLK) has “Buy” rating given on Monday, September 25 by Piper Jaffray. The firm has “Buy” rating given on Thursday, June 22 by Guggenheim. The stock of Splunk Inc. (NASDAQ:SPLK) has “Buy” rating given on Wednesday, September 27 by Cowen & Co. Citigroup maintained Splunk Inc. (NASDAQ:SPLK) rating on Monday, November 20. Citigroup has “Neutral” rating and $73 target.

Since August 14, 2017, it had 0 insider purchases, and 16 insider sales for $33.06 million activity. 10,525 shares were sold by CONTE DAVID F, worth $694,980 on Friday, August 25. Neustaetter Thomas M sold $244,668 worth of stock or 3,614 shares. SULLIVAN GODFREY sold $7.75M worth of stock. St. Ledger Susan sold $47,064 worth of Splunk Inc. (NASDAQ:SPLK) on Friday, September 22. 7,500 shares were sold by Campione Richard, worth $598,350 on Wednesday, December 13. 10,126 shares were sold by Merritt Douglas, worth $810,586 on Wednesday, December 13.

Shell Asset Management Co, which manages about $4.50B US Long portfolio, decreased its stake in M & T Bk Corp (NYSE:MTB) by 2,258 shares to 6,227 shares, valued at $1.00M in 2017Q3, according to the filing. It also reduced its holding in Philip Morris Intl Inc (NYSE:PM) by 24,719 shares in the quarter, leaving it with 300,785 shares, and cut its stake in Duke Energy Corp New (NYSE:DUK).

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