As Amazon.Com (AMZN) Share Price Declined, Night Owl Capital Management Decreased Its …

Columbus Circle Investors decreased its stake in Nvidia Corp (NVDA) by 6.49% based on its latest 2018Q3 regulatory filing with the SEC. Columbus …

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

Columbus Circle Investors decreased its stake in Nvidia Corp (NVDA) by 6.49% based on its latest 2018Q3 regulatory filing with the SEC. Columbus Circle Investors sold 7,087 shares as the company’s stock declined 44.72% with the market. The hedge fund held 102,137 shares of the semiconductors company at the end of 2018Q3, valued at $28.70M, down from 109,224 at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $95.73 billion market cap company. The stock increased 3.43% or $5.21 during the last trading session, reaching $156.93. About 16.28M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has declined 20.90% since January 20, 2018 and is downtrending. It has underperformed by 20.90% the S&P500. Some Historical NVDA News: 10/05/2018 – Nvidia’s Good Year Looks Better Driven by AI, Games (Correct); 26/03/2018 – Teradata Joins NVIDIA Partner Program Focused on Accelerating Outcomes from AI, Deep Learning in Key Industries; 29/03/2018 – “Mad Money” host Jim Cramer hears from Nvidia founder, President and CEO Jensen Huang in a wide-ranging interview on cryptocurrency, self-driving cars and Nvidia’s graphics business; 27/03/2018 – GTC 2018: Liqid and Inspur to Offer Composable GPU-Centric Rack-Scale Solution Powered by NVIDIA Graphics Processing Technology; 24/04/2018 – Hard OCP: More Confirmation Of NVIDIA GPP Impacting Consumer Choice; 10/05/2018 – NVIDIA CORP – QTRLY DATACENTER REVENUE GREW 71 PERCENT FROM A YEAR EARLIER TO $701 MLN; 08/05/2018 – Google launches the third version of its A.I. chips, an alternative to Nvidia’s; 18/04/2018 – Hard OCP: NVIDIA GeForce GTX 1180 Rumor Mill; 25/04/2018 – Several companies, from chipmaker Nvidia to toymaker Hasbro, are reporting the impact of a shortage of truck drivers on their businesses; 14/05/2018 – Nvidia Presenting at JPMorgan Conference Tomorrow

Night Owl Capital Management Llc decreased its stake in Amazon.Com (AMZN) by 1.27% based on its latest 2018Q3 regulatory filing with the SEC. Night Owl Capital Management Llc sold 193 shares as the company’s stock declined 15.37% with the market. The hedge fund held 15,004 shares of the consumer services company at the end of 2018Q3, valued at $30.05 million, down from 15,197 at the end of the previous reported quarter. Night Owl Capital Management Llc who had been investing in Amazon.Com for a number of months, seems to be less bullish one the $829.39 billion market cap company. The stock increased 0.18% or $2.98 during the last trading session, reaching $1696.2. About 6.02 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 41.49% since January 20, 2018 and is uptrending. It has outperformed by 41.49% the S&P500. Some Historical AMZN News: 02/04/2018 – Amazon sinks after another Trump broadside; 15/03/2018 – The company is also alleged to have requested vendors help absorb the costs of discounting goods; 06/04/2018 – Greycroft’s Patricof: Amazon could be helping to destroy ‘the fabric of America’; 13/04/2018 – At Post Office, Amazon Isn’t the Only Big Shipper Getting Discounts; 03/05/2018 – Dir Stonesifer Gifts 250 Of Amazon.com Inc; 15/03/2018 – THE PLAINTIFF, TRI HUYNH, FILED HIS WHISTLEBLOWER LAWSUIT WITH A FEDERAL COURT IN CALIFORNIA; 27/04/2018 – Blue Origin is aiming to launch its New Shepard rocket for the eighth time on Sunday, Jeff Bezos said in a tweet. via @cnbctech; 24/04/2018 – AMAZON, BERKSHIRE MAY PICK HEALTH CARE JV CEO IN 2 MOS: AXIOS; 20/03/2018 – NJ Governor: Statement from Governor Murphy on Newark’s Selection as a Finalist for Amazon’s HQ2; 09/03/2018 – Billboard: The Temper Trap Cover The Triffids’ ‘Wide Open Road’ For Amazon’s ‘Made In Australia’ Playlist: Exclusive Premier

Among 49 analysts covering Nvidia Corporation (NASDAQ:NVDA), 34 have Buy rating, 3 Sell and 12 Hold. Therefore 69% are positive. Nvidia Corporation had 232 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 13 by Topeka Capital Markets. The firm has “Neutral” rating by Suntrust Robinson given on Tuesday, September 20. As per Thursday, November 9, the company rating was maintained by Mizuho. The firm earned “Underperform” rating on Tuesday, November 20 by BNP Paribas. On Thursday, September 14 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $230 target in Wednesday, December 12 report. Citigroup maintained the stock with “Buy” rating in Friday, January 12 report. The firm earned “Hold” rating on Friday, August 7 by Canaccord Genuity. RBC Capital Markets maintained it with “Buy” rating and $250.0 target in Friday, November 17 report. The company was maintained on Wednesday, October 11 by KeyBanc Capital Markets.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Nasdaq.com which released: “3 Top Crypto Stocks for 2019 – Nasdaq” on December 30, 2018, also Investorplace.com with their article: “5 Must-See Stock Charts for Tuesday, Including Roku – Investorplace.com” published on January 07, 2019, Nasdaq.com published: “The Zacks Analyst Blog Highlights: Micron, Nvidia, AMD and Intel – Nasdaq” on January 03, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: “TSMC’s dire guidance weighs on chips – Seeking Alpha” published on January 17, 2019 as well as Nasdaq.com‘s news article titled: “Technical View of Markets & Today’s Trending Tickers: AMD, NVDA – Nasdaq” with publication date: January 08, 2019.

Since September 4, 2018, it had 0 buys, and 6 selling transactions for $33.34 million activity. Shares for $2.97 million were sold by Byron Michael. $26.28 million worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by Puri Ajay K. 6,345 shares valued at $858,685 were sold by Shoquist Debora on Wednesday, January 2.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 14. They expect $1.19 EPS, down 24.20% or $0.38 from last year’s $1.57 per share. NVDA’s profit will be $725.90 million for 32.97 P/E if the $1.19 EPS becomes a reality. After $1.67 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -28.74% negative EPS growth.

Columbus Circle Investors, which manages about $17.54 billion and $5.01 billion US Long portfolio, upped its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 43,989 shares to 70,761 shares, valued at $11.43M in 2018Q3, according to the filing. It also increased its holding in Nike Inc (NYSE:NKE) by 117,333 shares in the quarter, for a total of 509,004 shares, and has risen its stake in Dexcom Inc (NASDAQ:DXCM).

Investors sentiment decreased to 1.36 in 2018 Q3. Its down 0.24, from 1.6 in 2018Q2. It dropped, as 64 investors sold NVDA shares while 312 reduced holdings. 130 funds opened positions while 380 raised stakes. 371.72 million shares or 2.91% more from 361.20 million shares in 2018Q2 were reported. Crawford Investment Counsel accumulated 1,409 shares or 0.01% of the stock. Nuveen Asset Ltd has 0.17% invested in NVIDIA Corporation (NASDAQ:NVDA). Centurylink Investment Mgmt invested 0.26% in NVIDIA Corporation (NASDAQ:NVDA). Frontier Invest Mngmt reported 25,133 shares or 0.5% of all its holdings. The Connecticut-based Trexquant Limited Partnership has invested 0.47% in NVIDIA Corporation (NASDAQ:NVDA). Los Angeles Management Equity Research invested in 327,704 shares or 0.48% of the stock. Rathbone Brothers Plc, United Kingdom-based fund reported 7,822 shares. 318 were accumulated by Enterprise Svcs. California Public Employees Retirement holds 1.16 million shares or 0.42% of its portfolio. Smith Moore & reported 952 shares. Dillon Associates Incorporated owns 9,326 shares. Farmers & Merchants owns 485 shares. Tanaka Cap Management Inc holds 0.24% or 370 shares in its portfolio. Stralem & Co reported 3,400 shares. Jcic Asset Mngmt has invested 0.02% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 7. They expect $5.48 earnings per share, up 153.70% or $3.32 from last year’s $2.16 per share. AMZN’s profit will be $2.68B for 77.38 P/E if the $5.48 EPS becomes a reality. After $5.75 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -4.70% negative EPS growth.

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 330 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Friday, April 27. The rating was maintained by Piper Jaffray with “Overweight” on Friday, July 24. As per Friday, July 29, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating given on Friday, July 29 by Axiom Capital. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) on Monday, July 16 with “Outperform” rating. The firm has “Buy” rating by Mizuho given on Tuesday, August 25. RBC Capital Markets maintained the shares of AMZN in report on Friday, October 23 with “Outperform” rating. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Wednesday, January 11. Credit Suisse has “Outperform” rating and $950 target. As per Friday, February 23, the company rating was upgraded by Wolfe Research. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Tuesday, January 19 by Credit Suisse.

Investors sentiment decreased to 1.18 in Q3 2018. Its down 0.16, from 1.34 in 2018Q2. It turned negative, as 55 investors sold AMZN shares while 636 reduced holdings. 157 funds opened positions while 655 raised stakes. 260.67 million shares or 2.89% less from 268.42 million shares in 2018Q2 were reported. Baldwin Brothers Ma has 5.55% invested in Amazon.com, Inc. (NASDAQ:AMZN). Hendley And stated it has 1,686 shares or 1.66% of all its holdings. Rosenblum Silverman Sutton S F Ca has invested 6.5% in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Ing Groep Nv has 4.1% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 118,524 shares. Highline Cap Management Lp owns 3.93% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 42,437 shares. Halsey Associate Ct has invested 4.73% in Amazon.com, Inc. (NASDAQ:AMZN). Advisory Services Network Limited Liability Company reported 9,508 shares. Wealth Architects Limited Liability reported 1.76% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Sageworth Tru Co owns 24 shares. Lau Assoc Limited Liability Corp reported 0.84% stake. Sterling Global Strategies Ltd Liability, California-based fund reported 118 shares. Patten accumulated 0.04% or 52 shares. Ftb Advisors has invested 0.45% in Amazon.com, Inc. (NASDAQ:AMZN). New Mexico Educational Retirement Board has invested 2.79% in Amazon.com, Inc. (NASDAQ:AMZN). Hudock Cap Gp Ltd Limited Liability Company holds 0.11% or 145 shares in its portfolio.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Amazon (AMZN) Stock Sinks As Market Gains: What You Should Know – Nasdaq” on December 27, 2018, also Seekingalpha.com with their article: “Amazon Go seen generating huge sales – Seeking Alpha” published on January 04, 2019, Seekingalpha.com published: “Amazon’s Rational Capitalization Based On EBITDA – Seeking Alpha” on December 24, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “2 Top Stocks to Buy in January – Nasdaq” published on January 19, 2019 as well as Benzinga.com‘s news article titled: “Amazon.com, Inc. (NASDAQ:AMZN), United Parcel Service, Inc. (NYSE:UPS) – UPS Goes Against Tradition – Outsider Named To Run Its Fastest-Growing Unit – Benzinga” with publication date: January 18, 2019.

Night Owl Capital Management Llc, which manages about $517.84 million and $282.05M US Long portfolio, upped its stake in Facebook (NASDAQ:FB) by 13,589 shares to 75,874 shares, valued at $12.48M in 2018Q3, according to the filing.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

Related Posts:

  • No Related Posts

Amazon Com (AMZN) Holder Camelot Portfolios Decreased Stake as Market Valuation Declined …

Lyft Co-developed Self-Driving Systems Can Be Deployed on Lyft Network as Well as for Entire Automotive Industry; 23/05/2018 – Magna Develops …

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

Letko Brosseau & Associates Inc increased its stake in Magna Intl Inc (MGA) by 0.12% based on its latest 2018Q3 regulatory filing with the SEC. Letko Brosseau & Associates Inc bought 6,595 shares as the company’s stock declined 15.56% with the market. The institutional investor held 5.41 million shares of the capital goods company at the end of 2018Q3, valued at $284.17M, up from 5.41M at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Magna Intl Inc for a number of months, seems to be bullish on the $17.03 billion market cap company. The stock increased 1.54% or $0.77 during the last trading session, reaching $50.91. About 1.34 million shares traded. Magna International Inc. (NYSE:MGA) has declined 20.05% since January 20, 2018 and is downtrending. It has underperformed by 20.05% the S&P500. Some Historical MGA News: 10/05/2018 – MAGNA CEO: `CAUTIOUSLY OPTIMISTIC’ NAFTA DEAL WILL GET DONE; 10/05/2018 – MAGNA CEO: NAFTA MUST BE COMPETITIVE OR AUTOMAKERS WILL LEAVE; 14/03/2018 – Magna, Lyft Co-developed Self-Driving Systems Can Be Deployed on Lyft Network as Well as for Entire Automotive Industry; 23/05/2018 – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness; 29/03/2018 – Magna Establishes Automatic Share Purchase Plan; 26/04/2018 – AMOEBA SA AMEBA.PA – WILLAERTIA MAGNA C2C MAKY FOR USE IN PRODUCT-TYPE 11 NOT APPROVED BY BIOCIDAL PRODUCTS COMMITTEE; 10/05/2018 – MAGNA CEO: SEES `TREMENDOUS’ GROWTH IN CHINA THROUGH 2020; 14/03/2018 – Magna to Invest $200 Million in Lyft in Addition to Funding the Partnership; 11/05/2018 – MAGNA INTERNATIONAL INC MGA.N : CIBC RAISES TARGET PRICE TO $70 FROM $61; 09/03/2018 – USGS: M 0.7 – 16km NW of Magna, Utah

Camelot Portfolios Llc decreased its stake in Amazon Com Inc (AMZN) by 21.71% based on its latest 2018Q3 regulatory filing with the SEC. Camelot Portfolios Llc sold 190 shares as the company’s stock declined 15.37% with the market. The institutional investor held 685 shares of the consumer services company at the end of 2018Q3, valued at $1.37 million, down from 875 at the end of the previous reported quarter. Camelot Portfolios Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $829.39B market cap company. The stock increased 0.18% or $2.98 during the last trading session, reaching $1696.2. About 6.02 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 41.49% since January 20, 2018 and is uptrending. It has outperformed by 41.49% the S&P500. Some Historical AMZN News: 16/04/2018 – Amazon has shelved a plan to sell drugs to hospitals, and insiders say there are two reasons why; 05/03/2018 – GAMESPARKS SAYS CO. ACQUIRED BY AMAZON; 30/03/2018 – Amazon cuts ties with top Washington lobbying firms – Bloomberg; 18/04/2018 – Amazon’s Bezos Says Company Has Topped 100 Million Prime Members; 06/03/2018 – Amazon is bringing free Whole Foods delivery to Prime members in San Francisco and Atlanta; 01/05/2018 – SABRE REPORTS STRATEGIC RELATIONSHIP WITH AMAZON WEB SERVICES; 19/04/2018 – Lincoln Clean Energy is the Largest Non-Utility Developer and Owner of U.S. Wind Power Commissioned in 2017; 12/03/2018 – MEDIA-Amazon to bring its voice assistant Alexa to many business settings – Axios; 16/03/2018 – BREAKING NEWS FROM CNBC’S CHRISTINA FARR: AMAZON IS HIRING A FORMER FDA OFFICIAL TO WORK ON ITS SECRETIVE HEALTH TECH BUSINESS; 01/05/2018 – RT @CNBCnow: NEW: Amazon is planning more Whole Foods benefits for its Prime members, sources tell CNBC

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Benzinga.com which released: “Barron’s Picks And Pans: Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Bristol-Myers (NYSE:BMY), Starbucks (NASDAQ:SBUX) And More – Benzinga” on January 13, 2019, also 247Wallst.com with their article: “Jefferies Out With Top Internet Stock Picks for 2019 – 24/7 Wall St.” published on January 10, 2019, Nasdaq.com published: “Amazon (AMZN) and Square (SQ) are Aggressive Growth Stocks – Nasdaq” on January 10, 2019. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Benzinga.com and their article: “Amazon.com, Inc. (NASDAQ:AMZN) – Amazon to Open First Fulfillment Center in Mississippi – Benzinga” published on December 26, 2018 as well as Nasdaq.com‘s news article titled: “Amazon Posts Record-Breaking Holiday Sales: Time to Buy AMZN Stock? – Nasdaq” with publication date: December 26, 2018.

Since August 15, 2018, it had 0 insider buys, and 22 selling transactions for $92.11 million activity. Olsavsky Brian T had sold 2,030 shares worth $3.21 million on Thursday, November 15. On Wednesday, August 29 the insider Blackburn Jeffrey M sold $8.02M. Reynolds Shelley sold $687,447 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Thursday, November 15. Another trade for 1,927 shares valued at $3.66 million was made by Zapolsky David on Wednesday, August 15. WILKE JEFFREY A sold 1,230 shares worth $1.85M. 16,964 shares were sold by BEZOS JEFFREY P, worth $27.69M on Monday, October 29.

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 330 analyst reports since July 21, 2015 according to SRatingsIntel. Axiom Capital maintained it with “Buy” rating and $650 target in Friday, July 24 report. As per Friday, July 27, the company rating was maintained by BMO Capital Markets. The firm has “Market Outperform” rating given on Friday, April 27 by JMP Securities. Macquarie Research maintained Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, February 13 with “Buy” rating. The firm has “Buy” rating given on Friday, February 2 by Mizuho. As per Monday, June 19, the company rating was maintained by Needham. The company was maintained on Tuesday, December 1 by Barclays Capital. On Friday, April 27 the stock rating was maintained by Wedbush with “Outperform”. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, July 28 by Morgan Stanley. Credit Suisse maintained the stock with “Buy” rating in Monday, January 8 report.

Investors sentiment decreased to 1.18 in 2018 Q3. Its down 0.16, from 1.34 in 2018Q2. It worsened, as 55 investors sold AMZN shares while 636 reduced holdings. 157 funds opened positions while 655 raised stakes. 260.67 million shares or 2.89% less from 268.42 million shares in 2018Q2 were reported. Round Table Services Limited Liability invested in 0.52% or 761 shares. Davis R M invested in 6,456 shares. Alkeon Cap Mngmt Lc has 238,920 shares. Private Wealth Prtnrs Limited Liability has 5.93% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 19,403 shares. Jane Street Gru Limited Liability Company invested 1.69% in Amazon.com, Inc. (NASDAQ:AMZN). Arrow Corp owns 9,300 shares. 1,961 are held by Tru Of Toledo Na Oh. Bessemer Gp holds 431,934 shares or 3.22% of its portfolio. Stevens Cap Mgmt Ltd Partnership holds 17,854 shares. Country Trust National Bank reported 2.63% in Amazon.com, Inc. (NASDAQ:AMZN). Zevenbergen Capital Invs Limited Liability Corporation reported 118,011 shares. Columbus Circle Invsts owns 53,718 shares. Fagan Incorporated reported 487 shares or 0.4% of all its holdings. New York-based Omega Advsr has invested 0.88% in Amazon.com, Inc. (NASDAQ:AMZN). Westwood Corp Il owns 43,840 shares.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 7. They expect $5.48 EPS, up 153.70% or $3.32 from last year’s $2.16 per share. AMZN’s profit will be $2.68 billion for 77.38 P/E if the $5.48 EPS becomes a reality. After $5.75 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -4.70% negative EPS growth.

Letko Brosseau & Associates Inc, which manages about $24.00B and $10.76 billion US Long portfolio, decreased its stake in Telus Corp (NYSE:TU) by 199,915 shares to 9.04 million shares, valued at $332.97M in 2018Q3, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 751,627 shares in the quarter, leaving it with 2.89 million shares, and cut its stake in Merck & Co Inc (NYSE:MRK).

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Seekingalpha.com which released: “Magna International Keeps Snacking On Itself – Seeking Alpha” on November 12, 2018, also Seekingalpha.com with their article: “Ford suppliers in harm’s way – Seeking Alpha” published on January 03, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For January 10, 2019 – Benzinga” on January 10, 2019. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Globenewswire.com and their article: “Magna to Build the Toyota GR Supra – GlobeNewswire” published on January 15, 2019 as well as Seekingalpha.com‘s news article titled: “Why I Am Cheering Magna’s Fall – Seeking Alpha” with publication date: October 11, 2018.

Among 16 analysts covering Magna International (NYSE:MGA), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Magna International had 66 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained the shares of MGA in report on Friday, October 12 with “Buy” rating. The stock has “Sell” rating by Goldman Sachs on Monday, October 16. The firm has “Hold” rating given on Thursday, June 22 by BMO Capital Markets. The rating was maintained by TD Securities on Monday, October 16 with “Buy”. The stock of Magna International Inc. (NYSE:MGA) has “Buy” rating given on Wednesday, January 17 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, August 9 by Citigroup. The company was upgraded on Friday, November 6 by JP Morgan. The firm has “Underweight” rating by Morgan Stanley given on Monday, August 13. The stock of Magna International Inc. (NYSE:MGA) has “Hold” rating given on Friday, January 13 by TD Securities. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, September 14.

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

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Coinbase Acquires Data Collection Startup Blockspring

Coinbase, one of the most recognized companies in the cryptocurrency sector with an $8 billion dollar valuation, has acquired Blockspring, a startup …

Coinbase, one of the most recognized companies in the cryptocurrency sector with an $8 billion dollar valuation, has acquired Blockspring, a startup focused on data collection and processing (Jan. 14, 2019).

Blockspring in Brief

Interestingly in this instance, Blockspring announced the acquisition on their own blog, which is unlike many other high-profile acquisitions in the cryptocurrency sector and furthermore, Coinbase did not try to publicize the announcement in any way.

Blockspring was forced to pivot early on, considering that it originally planned on focusing on serverless solutions before Amazon launched their own product called Lambda in the same niche in November 2014 as part of their Amazon Web Services (AWS), which came months after Blockspring was founded.

More specifically, Blockspring’s model was centered on communication without servers. Obviously, given the overshadowing name recognition of Amazon, Blockspring was forced to reconsider its business model after the Lambda launch.

Forced Pivot

The company then focused on marketing and recruitment, utilized a subscription model, and claimed to work with “thousands” of companies at the time of its acquisition.

The fact that Coinbase acquired the company is interesting considering that two of the firms who invested in Blockspring, SV Angel and A16z, also invested in Coinbase. It is likely that these common investors have been instrumental in the deal going forward. Blockspring also graduated the globally-known startup accelerator Y Combinator, who they openly thank in the announcement writing:

“We want to especially thank the incredible team at Y Combinator who’ve been there for us through thick and thin.”

Still Independent

Blockspring made it clear on its blog that it will continue to operate as an independent company, and called joining Coinbase a “no brainer”.

It pointed out that the exchange is instrumental in establishing an “open financial system”, and humbly acknowledge that they can now “make something greater than we could on our own.”

The company also pointed out that there would be no disruption in their products for their current and new customers. Blockspring also referenced the strength of Coinbase’s engineering team, pointing out that they had hired Tim Wagner, who had previously worked on AWS Lambda.

Advertisement
advertisement

Tim Wagner even tweeted about the fact that Blockspring had joined Coinbase on Twitter, saying that he was “excited for them to continue their work here at Coinbase”:

Excited to share that the @Blockspring team is joining Coinbase to help build out our developer tools. They’ve built an impressive platform that connects hundreds of different APIs and we’re excited for them to continue their work here at Coinbase!

— Tim Wagner (@timallenwagner) January 16, 2019

First 2019 Coinbase Acquisition

This does mark the first major acquisition from Coinbase in 2019, and many believe that the move was made strictly to acquire talent, rather than tap into Blockspring’s customer base.

Having made a significant number of acquisitions last year Coinbase grew dramatically in its user base. Notably, the CEO of Coinbase, Brian Armstrong, claimed in an interview with Bloomberg, (Aug. 14, 2018) that the cryptocurrency exchange was signing up 50,000 new users per day.

The most notable acquisition Coinbase made last year was securities broker Keystone Capital, which many believed was a power-play to eventually become a fully regulated broker-dealer under the Securities Exchange Commission (SEC). Coinbase also launched its own crypto-startup incubator as well, entitled Coinbase Ventures in April of last year, stating that “our goal is simply to help the most compelling companies in the space to flourish.”

Related Posts:

  • No Related Posts

PayPal’s Merchant Acceptance Is Crushing Amazon and Bitcoin, Says Morgan Stanley

PayPal’s lead over its digital-payment competitors in the e-commerce space is getting larger, according to Morgan Stanley. Analyst James Faucette …

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/paypals-merchant-acceptance-is-crushing-amazon-and-bitcoin-says-morgan-stanley-51547746334

Related Posts:

  • No Related Posts

General Contracting Startup Pro.com Secures $33M Series B, Adds Redfin To Board

… led the latest round, which also included participation from existing investors DFJ, Madrona Venture Group, Maveron and Two Sigma Ventures.

DIY home renovation projects aren’t for the faint of heart. That’s why general contractors exist.

But sometimes, the hassle of finding a contractor can be overwhelming. That’s where Pro.com comes in. The Seattle-based startup just raised a $33 million Series B, bringing its total raised to $60.5 million, to further its mission of taking its general contracting business to new markets.

Follow Crunchbase News onTwitter

WestRiver Group, Goldman Sachs and Redfin led the latest round, which also included participation from existing investors DFJ, Madrona Venture Group, Maveron and Two Sigma Ventures. As part of the financing, Erik Anderson, WestRiver Group founder and CEO; Glenn Kelman, CEO of Redfin, and Charlotte Guyman, a former Microsoft executive and current Berkshire Hathaway board member, all joined Pro.com’s board.

Pro.com originally started out in 2013 as a marketplace connecting homeowners with contracting professionals. After about 18 months, the company pivoted to become a vertically integrated general contractor applying its software “to every step of the process,” according to co-founder and CEO Matt Williams.

CEO Matt Williams

Pro.com currently operates in Seattle, Denver, San Francisco, San Jose, and Phoenix with plans to expand expanding into Portland and at least four other cities in the western part of the United States over the next year. Bookings were up nearly 300 percent in 2018 compared to the year prior. Williams said Pro.com doubled its employees to 125 over the course of the past year, and has plans to double headcount again in 2019.

“We have built a pricing engine so we know what certain work should cost in a given market and can produce quotes relatively quickly in a mobile-friendly way,” Williams told Crunchbase News. “I believe that we’re the most technically-enabled GC and have captured significant market share in our home base of Seattle…. Over the course of the next two years, we hope to be operating in most major cities in the United States.”

In a blog post, Williams wrote that having a strategic investor such as Redfin would only help Pro.com in growing its business.

“Many of Redfin’s customers struggle to get professional renovation services, so we know firsthand that Pro.com’s market opportunity is massive,” Redfin CEO Kelman said in a written statement. “Pro.com and Redfin share a commitment to combining technology and local, direct services to best take care of customers.”

Meanwhile, WestRiver Group’s Anderson noted that his firm believes Pro.com “has the potential to be one of the most trusted brands in home improvement services.”

Pro Remodeling

Pro.com’s offering is based on the premise that “the home remodeling industry is fraught with a lack of transparency, unhappy customers and limited use of the latest technologies,” according to Williams, who previously spent 12 years as an executive at Amazon.

“Software and technology are used so infrequently in the construction industry resulting in one of the lowest productivity improvement rates across all industries,” he wrote. “On top of that, homeowners experience anxiety, frustration and lose trust in most contractors they hire. In an industry where $400 billion is spent annually, it’s time for a change.”

Pro.com claims its technology allows it to provide detailed quotes faster than other contractors. Its app helps local project managers track and communicate progress on job sites, while a back-end office team helps provide support.

So far, the company has worked on projects ranging from kitchen and bath remodels to new additions, and ground-up new home construction.An example of a recent project is an accessory dwelling unit (ADU) that was built alongside a home on Lake Washington. Another project was full ground-up construction of a new 3,500 square-foot home on Mercer Island, WA. The company’s average job totals around $75,000to $80,000, according to Williams.

The company works with subcontractors in the markets it operates to provide its renovation services.

“When we build out network in each city, we bring on board industry veterans who have relationships with subs, or cull from our own previous network,” Williams said. “Subcontractors really like working with us since we pay consistently and on time, usually faster than they are used to.”

What makes Pro.com more unique, Williams believes, is its focus on the residential market.

“There’s been a fair amount of construction tech in the commercial space,” he said. “But almost zero in residential, outside of prefab construction or marketplaces. What we’re doing isn’t the same as building a bunch of homes that are similar. Every project is different.”

Indeed, I’ve written a fair amount about growing investment in the construction tech space in the past. Last time we checked, North American construction tech startups raised $220.7 million across 14 deals in the third quarter of 2018. That was up 348 percent from $49.3 million raised over 19 deals in the third quarter of 2017, and a staggering 5,865 percent higher than the $3.7 million raised in six transactions in the third quarter of 2013.

And, earlier this week, we covered another residential real estate-focused startup, Knock, raising $400 million. The company is viewed as a competitor to Opendoor, and wants to make trading in your home as easy as trading in your car.

Related Posts:

  • No Related Posts