Dorsal Capital Management Has Cut Amazon Com (AMZN) Stake; Insignia Systems (ISIG) Sellers Decreased By 33.66% Their Shorts

November 14, 2017 - By Hazel Jackson

Dorsal Capital Management Llc decreased Amazon Com Inc (AMZN) stake by 13.64% reported in 2017Q2 SEC filing. Dorsal Capital Management Llc sold 15,000 shares as Amazon Com Inc (AMZN)’s stock rose 13.58%. The Dorsal Capital Management Llc holds 95,000 shares with $91.96 million value, down from 110,000 last quarter. Amazon Com Inc now has $547.81B valuation. The stock increased 0.68% or $7.67 during the last trading session, reaching $1136.84. About 3.06M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since November 14, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Insignia Systems Incorporated (NASDAQ:ISIG) had a decrease of 33.66% in short interest. ISIG’s SI was 6,700 shares in November as released by FINRA. Its down 33.66% from 10,100 shares previously. With 91,200 avg volume, 0 days are for Insignia Systems Incorporated (NASDAQ:ISIG)’s short sellers to cover ISIG’s short positions. The SI to Insignia Systems Incorporated’s float is 0.11%. About 24,256 shares traded. Insignia Systems, Inc. (NASDAQ:ISIG) has declined 42.79% since November 14, 2016 and is downtrending. It has underperformed by 59.49% the S&P500.

Investors sentiment decreased to 0.63 in Q2 2017. Its down 0.62, from 1.25 in 2017Q1. It dived, as 3 investors sold Insignia Systems, Inc. shares while 5 reduced holdings. 2 funds opened positions while 3 raised stakes. 4.47 million shares or 4.68% less from 4.69 million shares in 2017Q1 were reported. Biglari Sardar has 11,788 shares for 0.45% of their portfolio. Vanguard Group holds 0% or 368,104 shares in its portfolio. Creative Planning owns 7,000 shares. California Public Employees Retirement Systems invested in 0% or 74,400 shares. Moreover, Dimensional Fund Advsr L P has 0% invested in Insignia Systems, Inc. (NASDAQ:ISIG) for 93,921 shares. New York-based Blackrock has invested 0% in Insignia Systems, Inc. (NASDAQ:ISIG). Northern Tru Corp has invested 0% of its portfolio in Insignia Systems, Inc. (NASDAQ:ISIG). Renaissance Lc owns 598,900 shares or 0% of their US portfolio. Manufacturers Life Insurance Co The has 1,874 shares for 0% of their portfolio. National Bank & Trust Of Ny Mellon owns 22,258 shares. Geode Cap Ltd Llc holds 28,672 shares. Fincl Bank Of America De stated it has 14,447 shares. Grt Cap Ptnrs Ltd Liability Corp accumulated 0.04% or 65,238 shares. Biglari Capital Corporation owns 0.19% invested in Insignia Systems, Inc. (NASDAQ:ISIG) for 2.31 million shares. Teton Advsrs stated it has 314,509 shares.

Insignia Systems, Inc. is a developer and marketer of in-store products, programs and services for consumer goods manufacturers and retail partners drive sales at the point of purchase. The company has market cap of $20.02 million. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store marketing program, thermal sign card supplies for the Company’s Impulse Retail System, laser printable cardstock and label supplies, and The Like Machine. It currently has negative earnings. The Company’s POPS program is an account-specific, shelf-edge advertising and promotion tactic.

Since May 15, 2017, it had 0 insider purchases, and 3 insider sales for $7.38 million activity. Blackburn Jeffrey M had sold 2,078 shares worth $1.99M on Monday, May 15. Reynolds Shelley also sold $521,627 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 2,670 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.70M were sold by WILKE JEFFREY A. Zapolsky David also sold $2.24M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Monday, May 15. Another trade for 2,333 shares valued at $2.24M was sold by Olsavsky Brian T. ALBERG TOM A had sold 800 shares worth $800,000. Jassy Andrew R sold $1.90 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Monday, May 15.

Dorsal Capital Management Llc increased Dollar Gen Corp New (NYSE:DG) stake by 400,000 shares to 1.50 million valued at $108.14 million in 2017Q2. It also upped Sba Communications Corp New stake by 50,000 shares and now owns 600,000 shares. Lululemon Athletica Inc (NASDAQ:LULU) was raised too.

Among 48 analysts covering Amazon.com (NASDAQ:AMZN), 45 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 232 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Aegis Capital on Friday, January 20. As per Tuesday, March 29, the company rating was maintained by Stifel Nicolaus. Jefferies maintained it with “Buy” rating and $115000 target in Friday, June 16 report. The stock has “Buy” rating by Canaccord Genuity on Tuesday, July 25. The company was maintained on Friday, July 29 by UBS. The firm earned “Buy” rating on Friday, October 27 by SunTrust. Maxim Group maintained the stock with “Buy” rating in Thursday, July 20 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, January 29 by Oppenheimer. Citigroup maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, July 24 with “Buy” rating. On Monday, October 24 the stock rating was maintained by Goldman Sachs with “Buy”.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 1. They expect $1.96 earnings per share, up 27.27% or $0.42 from last year’s $1.54 per share. AMZN’s profit will be $944.47M for 145.01 P/E if the $1.96 EPS becomes a reality. After $0.52 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 276.92% EPS growth.

Investors sentiment decreased to 1.36 in Q2 2017. Its down 0.34, from 1.7 in 2017Q1. It dropped, as 64 investors sold AMZN shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes. 285.20 million shares or 2.71% less from 293.14 million shares in 2017Q1 were reported. Copper Rock Cap Prtnrs Ltd holds 604 shares. Sequoia Fincl Advsr Ltd Liability stated it has 0.06% in Amazon.com, Inc. (NASDAQ:AMZN). Blue Ridge Cap Limited Co invested in 2.01% or 118,400 shares. Bb&T Ltd Liability Company has 0.21% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 14,848 shares. Destination Wealth Mgmt has invested 0.1% in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Private Bancshares & Tru has 0.48% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 3,745 shares. Park Natl Corporation Oh has 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 749 shares. Amalgamated Bank & Trust reported 1.49% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Breton Hill Cap Ltd reported 1,330 shares stake. Ifc Fl has invested 0.16% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Finemark Bancorp & Tru accumulated 12,250 shares. Regions Corporation holds 0.39% or 34,414 shares. Teachers Retirement Of The State Of Kentucky accumulated 115,092 shares. Utah Retirement owns 72,904 shares. Bell Bancshares holds 634 shares or 0.22% of its portfolio.

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