As Amazon (AMZN) Market Valuation Rose, Shareholder Andra Ap-Fonden Lowered Stake; Starbucks Com Com (SBUX) Valuation Rose While Groesbeck Investment Management Lifted by $519,188 Its Position

February 15, 2018 - By Nellie Frank

Groesbeck Investment Management Corp increased its stake in Starbucks Corp Com Com (SBUX) by 38.71% based on its latest 2017Q3 regulatory filing with the SEC. Groesbeck Investment Management Corp bought 9,796 shares as the company’s stock rose 6.99% with the market. The institutional investor held 35,102 shares of the restaurants company at the end of 2017Q3, valued at $1.89 million, up from 25,306 at the end of the previous reported quarter. Groesbeck Investment Management Corp who had been investing in Starbucks Corp Com Com for a number of months, seems to be bullish on the $79.54 billion market cap company. The stock increased 1.07% or $0.6 during the last trading session, reaching $56.59. About 6.79 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 15, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Andra Ap-Fonden decreased its stake in Amazon (AMZN) by 3.85% based on its latest 2017Q3 regulatory filing with the SEC. Andra Ap-Fonden sold 400 shares as the company’s stock rose 13.58% with the market. The institutional investor held 10,000 shares of the consumer services company at the end of 2017Q3, valued at $9.61M, down from 10,400 at the end of the previous reported quarter. Andra Ap-Fonden who had been investing in Amazon for a number of months, seems to be less bullish one the $707.85 billion market cap company. The stock increased 0.77% or $11.135 during the last trading session, reaching $1462.185. About 4.68 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 15, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, January 29 the stock rating was downgraded by Bernstein to “Hold”. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) on Thursday, December 21 with “Buy” rating. The firm has “Hold” rating by Guggenheim given on Friday, July 28. The firm earned “Buy” rating on Friday, July 28 by Cowen & Co. The firm earned “Buy” rating on Thursday, August 31 by Cowen & Co. Mizuho maintained it with “Buy” rating and $75.0 target in Wednesday, November 1 report. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, April 12. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, October 30. RBC Capital Markets has “Outperform” rating and $68 target. As per Monday, August 24, the company rating was upgraded by Zacks. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Hold” rating by BMO Capital Markets on Tuesday, October 3.

Since September 7, 2017, it had 0 insider buys, and 3 insider sales for $13.98 million activity. Shares for $9.28 million were sold by BURROWS CLIFFORD on Wednesday, January 31. On Thursday, September 7 the insider ULLMAN MYRON E III sold $1.23M.

Groesbeck Investment Management Corp, which manages about $250.00M and $139.03M US Long portfolio, decreased its stake in Cdw Corp Com Com (NASDAQ:CDW) by 15,224 shares to 63,466 shares, valued at $4.19M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.24, from 1.21 in 2017Q2. It dropped, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Waddell And Reed holds 0.06% or 490,000 shares in its portfolio. 16,270 were reported by Duff Phelps Mgmt Commerce. Norris Perne And French Ltd Liability Partnership Mi holds 127,046 shares. Goelzer Investment Management holds 0.21% or 32,729 shares. Diversified Trust holds 0.06% or 15,067 shares. Dillon And Assoc owns 115,766 shares or 2.47% of their US portfolio. Washington stated it has 83,339 shares or 0.27% of all its holdings. Donaldson Ltd owns 0.33% invested in Starbucks Corporation (NASDAQ:SBUX) for 58,089 shares. Lombard Odier Asset Management (Switzerland) invested in 32,066 shares or 0.17% of the stock. Sva Plumb Wealth Mngmt Limited owns 0.04% invested in Starbucks Corporation (NASDAQ:SBUX) for 6,511 shares. 122,076 are owned by Parsec Fincl Management. Waratah Capital Advsrs, Ontario – Canada-based fund reported 74,905 shares. S&Co Inc holds 5,700 shares or 0.04% of its portfolio. L S Advsrs Inc holds 20,738 shares. Iberiabank holds 45,613 shares or 0.41% of its portfolio.

Andra Ap-Fonden, which manages about $4.27 billion US Long portfolio, upped its stake in Alleghany Corp Del (NYSE:Y) by 700 shares to 25,300 shares, valued at $14.02M in 2017Q3, according to the filing. It also increased its holding in Intercontinental Exchange In (NYSE:ICE) by 8,400 shares in the quarter, for a total of 116,000 shares, and has risen its stake in Constellation Brands Inc (NYSE:STZ).

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. Northeast Financial Consultants reported 5,574 shares. Camelot Portfolios Ltd Com holds 0.5% or 1,079 shares in its portfolio. Haverford Trust reported 563 shares. Vantage Advsrs Ltd Llc stated it has 0.55% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Winslow Evans And Crocker Inc reported 3,676 shares. Invesco Ltd holds 1.78% in Amazon.com, Inc. (NASDAQ:AMZN) or 5.01 million shares. Janney Montgomery Scott Lc holds 56,666 shares. Mu Invs Co Ltd holds 0.11% or 145 shares in its portfolio. Lenox Wealth Management Incorporated holds 569 shares or 0.19% of its portfolio. 6,600 were accumulated by Beck Mgmt Ltd Liability Corp. Next Fincl Grp Inc Incorporated invested in 1.32% or 4,711 shares. Buckingham Capital Incorporated invested 0.43% in Amazon.com, Inc. (NASDAQ:AMZN). Inr Advisory Ltd Liability accumulated 8 shares or 0% of the stock. Fil owns 68,292 shares. Congress Asset Mngmt Ma stated it has 61,242 shares.

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