Olstein Capital Management LP Has Lowered Its Stake in Skechers USA (SKX) by $1.38 Million as …

Cape Cod Five Cents Bancshares reported 0.17% stake. Benchmark Capital Advsr holds 192 shares or 0.29% of its portfolio. Samlyn Limited Liability …

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

Osher Van De Voorde Investment Management decreased its stake in Amazon Com Inc. (AMZN) by 20.04% based on its latest 2018Q4 regulatory filing with the SEC. Osher Van De Voorde Investment Management sold 1,447 shares as the company’s stock rose 1.10% with the market. The institutional investor held 5,774 shares of the consumer services company at the end of 2018Q4, valued at $8.67 million, down from 7,221 at the end of the previous reported quarter. Osher Van De Voorde Investment Management who had been investing in Amazon Com Inc. for a number of months, seems to be less bullish one the $829.75B market cap company. The stock decreased 0.09% or $1.59 during the last trading session, reaching $1689.22. About 2.34M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 13.57% since March 14, 2018 and is uptrending. It has outperformed by 9.20% the S&P500. Some Historical AMZN News: 07/05/2018 – MICROSOFT SHOWS AMAZON ALEXA OPENING MICROSOFT CORTANA; 07/05/2018 – MICROSOFT, AMAZON SHOWING CORTANA, ALEXA WORKING TOGETHER; 28/03/2018 – President Trump is “obsessed” about going after Amazon, a source said, according to Axios; 03/04/2018 – A year later, the attack on Amazon coupled with the tense trade relationship with China has many of us asking, “Is this any way to grow the economy?”; 14/05/2018 – Amazon Is Said to Test New Ad That Competes With Google, Criteo; 26/04/2018 – Amazon Makes Its Biggest Delivery Yet — Heard on the Street; 27/03/2018 – “Mad Money” host Jim Cramer sits down with Kevin Mansell, the outgoing chairman, president and CEO of Kohl’s, to discuss the retailer’s partnership with Amazon and the latest quarter; 30/04/2018 – Asda and Sainsbury’s deal is an ‘Amazon protection program,’ investment manager says; 23/05/2018 – ♫ Reuters Insider – M&S targets rapid change after latest profit drop; 21/05/2018 – NYSE AMERICAN OPTIONS SAYS CURRENTLY INVESTIGATING A REPORTED TECHNICAL ISSUE RELATED TO CERTAIN AMAZON OPTIONS SERIES

Olstein Capital Management Lp decreased its stake in Skechers U S A Inc (SKX) by 20% based on its latest 2018Q4 regulatory filing with the SEC. Olstein Capital Management Lp sold 62,700 shares as the company’s stock rose 26.95% with the market. The institutional investor held 250,850 shares of the consumer non-durables company at the end of 2018Q4, valued at $5.74 million, down from 313,550 at the end of the previous reported quarter. Olstein Capital Management Lp who had been investing in Skechers U S A Inc for a number of months, seems to be less bullish one the $5.18 billion market cap company. The stock increased 0.30% or $0.1 during the last trading session, reaching $32.9. About 528,972 shares traded. Skechers U.S.A., Inc. (NYSE:SKX) has declined 16.61% since March 14, 2018 and is downtrending. It has underperformed by 20.98% the S&P500. Some Historical SKX News: 17/04/2018 – From sneakers to the Dow’s biggest loser: Skechers, General Electric may see big moves on earnings; 26/03/2018 – Limited Edition Skechers D’Lites & Toei Animation lnc’s One Piece Collection to Launch in the United States and Canada; 25/05/2018 – Pioneer Select Mid Cap Growth Adds Skechers; 20/04/2018 – Skechers Distribution Bottlenecks Spark Share Drop of 29 Percent; 22/05/2018 – Skechers Presenting at Conference Tomorrow; 11/05/2018 – Capital Growth Adds JPMorgan, Exits Skechers: 13F; 19/04/2018 – SKECHERS SEES 2Q EPS 38C TO 43C, EST. 54C; 19/04/2018 – SKECHERS Achieves New Quarterly Sales Record in First Quarter 2018; 19/04/2018 – Skechers Sees 2Q EPS 38c-EPS 43c; 26/03/2018 – Limited Edition Skechers D’Lites & Toei Animation Inc’s One Piece Collection to Launch in the United States and Canada

Since October 29, 2018, it had 0 insider purchases, and 10 selling transactions for $50.29 million activity. The insider Jassy Andrew R sold 1,726 shares worth $2.70M. 181 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $285,960 were sold by Huttenlocher Daniel P. STONESIFER PATRICIA Q also sold $2.31M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. Shares for $687,447 were sold by Reynolds Shelley on Thursday, November 15. Blackburn Jeffrey M sold $3.22M worth of stock or 2,055 shares. 1,929 shares were sold by Zapolsky David, worth $3.02M on Thursday, November 15.

Osher Van De Voorde Investment Management, which manages about $219.15M and $193.75 million US Long portfolio, upped its stake in Enbridge Inc. (NYSE:ENB) by 45,982 shares to 238,806 shares, valued at $7.42M in 2018Q4, according to the filing.

Investors sentiment increased to 1.55 in Q4 2018. Its up 0.37, from 1.18 in 2018Q3. It improved, as 93 investors sold AMZN shares while 536 reduced holdings. 184 funds opened positions while 793 raised stakes. 371.97 million shares or 42.70% more from 260.67 million shares in 2018Q3 were reported. 1,748 were reported by Dorsey Whitney Co Limited Liability Co. 19,116 were accumulated by Bbva Compass Bancorporation. Rothschild Inv Corp Il invested in 0.4% or 2,013 shares. Amer Research And Mngmt Com stated it has 2,325 shares or 1.18% of all its holdings. Freestone Cap Hldgs Ltd owns 9,247 shares. Papp L Roy And Assoc holds 350 shares. Cape Cod Five Cents Bancshares reported 0.17% stake. Benchmark Capital Advsr holds 192 shares or 0.29% of its portfolio. Samlyn Limited Liability Company invested in 51,220 shares. Joel Isaacson & Company Limited Liability, a New York-based fund reported 2,754 shares. Ssi Management has invested 0.13% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Pinnacle Fin Ptnrs accumulated 10,748 shares or 1.53% of the stock. Central Secs Corporation owns 3.59% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 13,000 shares. Partnervest Advisory Svcs Ltd Limited Liability Company reported 0.73% stake. Pub Employees Retirement Association Of Colorado holds 3.5% or 324,353 shares.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Investorplace.com which released: “These Are the 3 Scariest Risks for Alphabet Stock – Investorplace.com” on March 12, 2019, also Nasdaq.com with their article: “XLY, AMZN, NKE, BKNG: Large Outflows Detected at ETF – Nasdaq” published on March 05, 2019, Benzinga.com published: “Amazon.com, Inc. (NASDAQ:AMZN), Boeing Company (The) (NYSE:BA) – Valentine’s Card From The Market: Trade Optimism Continues, Cisco Posts Strong Quarter – Benzinga” on February 14, 2019. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: 247Wallst.com and their article: “These Are the 3 Pieces Amazon Could Be Broken Into – 24/7 Wall St.” published on March 11, 2019 as well as Benzinga.com‘s news article titled: “Yes, Virginia, FedEx Competes With Amazon (NYSE:FDX)(NASDAQ:AMZN)(NYSE:UPS) – Benzinga” with publication date: March 12, 2019.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 25. They expect $4.67 EPS, up 42.81% or $1.40 from last year’s $3.27 per share. AMZN’s profit will be $2.29B for 90.43 P/E if the $4.67 EPS becomes a reality. After $6.04 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.68% negative EPS growth.

Investors sentiment decreased to 0.87 in Q4 2018. Its down 0.04, from 0.91 in 2018Q3. It fall, as 38 investors sold SKX shares while 80 reduced holdings. 49 funds opened positions while 54 raised stakes. 116.38 million shares or 4.10% more from 111.80 million shares in 2018Q3 were reported. Stone Ridge Asset Mngmt Limited Liability Com has invested 0.12% of its portfolio in Skechers U.S.A., Inc. (NYSE:SKX). Amundi Pioneer Asset owns 6,841 shares. Susquehanna Interest Grp Inc Ltd Liability Partnership holds 0% in Skechers U.S.A., Inc. (NYSE:SKX) or 175,525 shares. Earnest Prtnrs Ltd Co, Georgia-based fund reported 55 shares. The Connecticut-based Aqr Capital Management has invested 0.07% in Skechers U.S.A., Inc. (NYSE:SKX). California State Teachers Retirement Systems stated it has 0.01% in Skechers U.S.A., Inc. (NYSE:SKX). State Of New Jersey Common Pension Fund D reported 0.02% of its portfolio in Skechers U.S.A., Inc. (NYSE:SKX). Snow Capital Lp accumulated 2.9% or 1.87M shares. Riverhead Cap Limited Co accumulated 18,587 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 23,492 shares. Geode Capital Ltd holds 1.37M shares. Acadian Asset Mngmt Ltd owns 78,424 shares for 0.01% of their portfolio. Secor Cap Advsr Lp has 69,008 shares. State Of Wisconsin Invest Board accumulated 25,228 shares. Balyasny Asset Ltd Liability holds 0.01% or 44,168 shares.

Olstein Capital Management Lp, which manages about $769.90M and $612.50 million US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 14,700 shares to 66,700 shares, valued at $10.52 million in 2018Q4, according to the filing. It also increased its holding in Borgwarner Inc (NYSE:BWA) by 12,120 shares in the quarter, for a total of 166,120 shares, and has risen its stake in Home Bancshares Inc (NASDAQ:HOMB).

Skechers U.S.A., Inc. (NYSE:SKX) Institutional Positions Chart

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Acko claims to raise $65M from investors including Flipkart

Acko on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal. The round of funding also saw …

Acko on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal. The round of funding also saw participation from existing investors such as Amazon, Accel, SAIF and TechPro Ventures, the company said in a statement.

Founded in 2016, Acko General Insurance claims to be the country’s first digital native insurer, offers an intuitive purchase experience, cheaper prices and stress-free claims. The company uses a direct-to-consumer approach for distributing motor insurance, allowing for favourable risk selection and superior underwriting.

(With inputs from agencies.)

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Acko Genral Insurance raises USD 65 mn from investors including Flipkart co-founder Binny Bansal

Acko General Insurance on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal. The round of …

Acko General Insurance on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal. The round of funding also saw participation from existing investors such as Amazon, Accel, SAIF and TechPro Ventures, the company said in a statement.

Founded in 2016, Acko General Insurance claims to be the country’s first digital native insurer, offers an intuitive purchase experience, cheaper prices and stress-free claims. The company uses a direct-to-consumer approach for distributing motor insurance, allowing for favourable risk selection and superior underwriting.

(With inputs from agencies.)

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Amazon: AI And The $10 Trillion Healthcare Opportunity

(Source: CB Insights). Third, combining top AI talent and massive data to produce breakthrough products requires a management team with a strong …

Back in 2017, I wrote an article highlighting Amazon’s (AMZN) under-appreciated investments in AI and why is a significant source of competitive advantage. Since then, AI has become more important than ever for the company and shareholders, though the company continue to remain relatively quiet about it.

Amazon’s push into the healthcare industry is well documented, however few are aware of the central role of AI technology in Amazon’s push. Understanding this is more than mere academic exercise — it is crucial to understanding the sustainable competitive advantage Amazon could enjoy in this massive market, one which Deloitte predicated will grow to over $10 trillion worldwide by 2022.

Why AI = Sustainable Competitive Advantage

(Source:Hackernoon.com)

It is beyond the scope of this article to go through the history and promise of AI, however it is important to note that AI is now such a hot topic due to revolutionary break throughs in artificial neural networks (or deep learning) in the 2010’s. These breakthroughs enabled algorithms to “learn” and thus introduce a new level of machine intelligence never available before, enabling algorithms to accomplish breathtaking new feats such as defeating the world’s top Go players and disrupting the translation industry.

Modern neural network algorithms, however, is a “centralizing” technology. For investors, the practical implication is that companies that can position itself at the center should enjoy an unusually high and sustainable competitive advantage in the niche where it gains a foothold. Companies that are mostly likely to be in this enviable position ought to satisfy three conditions.

First, there is a massive shortage of AI experts, so only very well funded companies or those with massive cash flow are capable of building world-class AI teams. In 2017, Tencent (OTCPK:TCEHY) estimated that there are only 300,000 AI researchers worldwide, far short of the millions demanded by the market. These scarce human resources are in high demand everywhere, and consequentially tech giants are emptying university AI departments with massive compensation packages.

Second, AI delivers the greatest value to companies with the greatest data assets, which correlates with the scale of the enterprise. It takes a massive amount of data to train neural networks, and naturally the best AI talents prefer to work in data-rich environments. It is no surprise than that companies that are most excited about AI are also the ones with the greatest data assets.

(Source: CB Insights)

Third, combining top AI talent and massive data to produce breakthrough products requires a management team with a strong background in engineering and computer science. This explains why Amazon, Google (GOOGL), Microsoft (MSFT) and Facebook (FB) leads in AI when other data-rich companies such as Bank of America (BAC) and Cigna (CI) do not.

Once a breakthrough AI product is produced, for example Google’s AI language translation service, one that is significantly better than alternatives, a virtuous cycle begins that further reinforces the competitive advantage of the product. First, the superior product garners more users. Second, more users interacting with the product generates more data. Third, the incremental data is then used to improve the product.

This virtuous cycle sounds a lot like the flywheel that Jeff Bezos is so obsessed with. With $22 billion in cash and $31 billion of cash generated from operations in 2018, massive data assets from its leading commence and cloud businesses, and a culture of innovation, Amazon satisfies all three conditions for becoming a highly dominant AI company.

AI and Healthcare

Most heard about Amazon’s push into healthcare through its highly publicized venture with Berkshire Hathaway (BRK.A) (BRK.B) and JPMorgan Chase (JPM) in early 2018, or perhaps its head-line grabbing $1 billion acquisition of PillPack in mid 2018. The casual observer may dismiss the venture as being very early stage, and conclude that the acquisition is simply a tuck-in to expand its e-commerce business. However, this view would be missing the bigger picture: Amazon is attempting to build a dominant, AI-driven healthcare business.

To understand why I believe this, we need to step back and look at the developments that received much less media coverage.

In March 2018, CNBC reported that Amazon has been meeting with the AARP since 2015 to discuss potential collaborations and share research, and it is interested in designing “technology” for aging populations. One reason why Amazon would be interested in working with the AARP is that the elderly demographic is large and growing. By 2035, it is projected that there will be 78.0 million people 65 years and older compared to 76.7 million under the age of 18.

The technology that Amazon will deploy to serve the aging population will likely be AI-based, with the prime contender being Amazon’s AI assistant, Alexa. We received an explosion of evidence to support this view later in 2018:

  • In May 2018, CNBC reported that Amazon is secretly building health and wellness team within Alexa to make it more useful in the healthcare field.
  • In an October 2018 article, a spokesperson from Amazon said the company frequently receives positive feedback from “aging-in-place” customers who use Alexa’s smart-home features as an alternative to going up and down stairs.
  • In late 2018, AAPR and Cigna both announced new Alexa skills, and Amazon filed a patent that would enable Alexa to notice a user’s illness by detecting a change in their voice.

Amazon’s AI push into healthcare, however, is much broader then just leveraging Alexa:

  • In June 2018, CNBC reported that Amazon has a secret lab staffed with top researchers who are attempting to apply machine learning in ways that can help prevent and cure cancers.
  • In November 2018, Amazon introduced Amazon Comprehend Medical, a machine learning service that allows developers to process unstructured medical text and identify information such as patient diagnosis, treatments, dosages, symptoms and signs, and more. The service will “read” the text and then identify and return the medical information contained within it, dramatically improving upon a very manual process.
  • In February 2019, Amazon broke its characteristic silence on strategy when its senior health leader, Taha Kass-Hout, talked up the company’s artificial intelligence capabilities in healthcare during a rare interview.
  • In March 2019, Amazon announced a $2 million grant to the Harvard Medical School teaching hospital to experiment with machine learning and AI, specially to improve process efficiencies. This isn’t the first time Amazon is cooperating with Harvard, as the two already developed and tested the new scheduling system over the past two years which increased operating room capacity by 30%.

Conclusion

Amazon is making massive investments in AI and healthcare, and in my view, investors should be happy to underwrite such spending. The nature of AI and the healthcare industry, as I have argued in this article, makes the risk and reward of such investment seem highly favorable. Healthcare is a massive industry and with massive inefficiencies that AI is uniquely positioned to improve. Furthermore, any initial success should garner Amazon a sustainable competitive advantage that could grow over time, making initial investments look negligible given the stability of potential cash flows.

I’d love to hear your thoughts in the comment section below. If you enjoyed this article, please hit the like button and follow me! Thank you for reading.

Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Acko Genral Insurance raises USD 65 mn from investors

Founded in 2016, Acko General Insurance claims to be the country’s first digital native insurer, offers an intuitive purchase experience, cheaper prices …

Acko General Insurance on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal.

The round of funding also saw participation from existing investors such as Amazon, Accel, SAIF and TechPro Ventures, the company said in a statement.

Founded in 2016, Acko General Insurance claims to be the country’s first digital native insurer, offers an intuitive purchase experience, cheaper prices and stress-free claims.

The company uses a direct-to-consumer approach for distributing motor insurance, allowing for favourable risk selection and superior underwriting.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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