Parsons Capital Management Has Increased Its Amazon Com (AMZN) Stake, Last Week Green Bancorp (GNBC) Coverage

May 23, 2017 - By Michael Collier

Parsons Capital Management Inc increased Amazon Com Inc (AMZN) stake by 7.91% reported in 2016Q4 SEC filing. Parsons Capital Management Inc acquired 944 shares as Amazon Com Inc (AMZN)’s stock rose 13.58%. The Parsons Capital Management Inc holds 12,871 shares with $9.65 million value, up from 11,927 last quarter. Amazon Com Inc now has $468.60 billion valuation. The stock declined 0.13% or $1.23 reaching $969.44 on the news. About 2.07M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since May 23, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Among 8 analysts covering Green Bancorp Inc (NASDAQ:GNBC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Green Bancorp Inc had 10 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by Keefe Bruyette & Woods on Thursday, October 29 to “Market Perform”. Piper Jaffray initiated the stock with “Overweight” rating in Wednesday, January 18 report. On Friday, April 29 the stock rating was downgraded by SunTrust to “Neutral”. Hovde Group upgraded the stock to “Outperform” rating in Wednesday, June 8 report. Suntrust Robinson downgraded the shares of GNBC in report on Tuesday, August 25 to “Neutral” rating. The rating was downgraded by Suntrust Robinson on Friday, April 29 to “Neutral”. See Green Bancorp Inc (NASDAQ:GNBC) latest ratings:

18/01/2017 Broker: PiperJaffray Rating: Overweight New Target: $18.00 Initiates Coverage On
18/01/2017 Broker: Piper Jaffray Rating: Overweight Initiate

Parsons Capital Management Inc decreased Kinder Morgan Inc Del (NYSE:KMI) stake by 23,817 shares to 22,145 valued at $459,000 in 2016Q4. It also reduced General Electric Co (NYSE:GE) stake by 11,824 shares and now owns 374,488 shares. Ishares Tr (ITB) was reduced too.

Investors sentiment decreased to 1.26 in 2016 Q4. Its down 0.03, from 1.29 in 2016Q3. It turned negative, as 126 investors sold AMZN shares while 478 reduced holdings. 157 funds opened positions while 606 raised stakes. 293.60 million shares or 2.70% less from 301.74 million shares in 2016Q3 were reported. Ingalls And Snyder Ltd Co, a New York-based fund reported 796 shares. Cap Advsrs Llc holds 0.28% or 4,364 shares in its portfolio. S&Co stated it has 0.05% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Adell Harriman And Carpenter has invested 0% in Amazon.com, Inc. (NASDAQ:AMZN). Qci Asset Mgmt New York holds 21,897 shares or 2.19% of its portfolio. 1,601 were accumulated by King Wealth Mgmt Grp Incorporated Lc. 1,664 were accumulated by Redmond Asset Ltd Company. Nelson Van Denburg & Campbell Wealth Mgmt Grp Inc Lc reported 0.01% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Skylands Cap Ltd Liability Company invested 0.34% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). C V Starr Inc reported 5.02% stake. Edge Wealth Mgmt Limited Liability Company stated it has 1,347 shares or 0.38% of all its holdings. Nuveen Asset Limited Liability Corp owns 156,850 shares or 0.6% of their US portfolio. Moreover, Rnc Capital Mgmt Lc has 0.02% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 338 shares. 9,082 were accumulated by Meeder Asset Mgmt. 36,620 are owned by Ibm Retirement Fund.

Since December 9, 2016, it had 0 insider purchases, and 20 insider sales for $974.12 million activity. 4,890 shares valued at $4.11M were sold by WILKE JEFFREY A on Wednesday, February 15. The insider Reynolds Shelley sold 626 shares worth $524,339. $1.90M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Jassy Andrew R. The insider Olsavsky Brian T sold 1,512 shares worth $1.27M. 503 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $427,550 were sold by Zapolsky David. Blackburn Jeffrey M also sold $1.99M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. Shares for $3.41 million were sold by RYDER THOMAS O.

Among 40 analysts covering Amazon.com (NASDAQ:AMZN), 37 have Buy rating, 0 Sell and 3 Hold. Therefore 93% are positive. Amazon.com had 142 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, December 8 the stock rating was initiated by Pacific Crest with “Overweight”. Maxim Group maintained the stock with “Buy” rating in Wednesday, September 28 report. As per Thursday, April 7, the company rating was maintained by JP Morgan. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Outperform” rating by RBC Capital Markets on Friday, September 16. Robert W. Baird maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, October 23 with “Buy” rating. Stifel Nicolaus maintained Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, March 29 with “Buy” rating. UBS maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, July 24. UBS has “Buy” rating and $650 target. Axiom Capital maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, July 24 with “Buy” rating. The company was maintained on Friday, April 1 by Citigroup. The rating was maintained by Goldman Sachs on Thursday, July 21 with “Buy”.

Green Bancorp, Inc. is a bank holding company. The company has market cap of $717.82 million. As of December 31, 2016, the Company’s subsidiary, Green Bank, N.A., a nationally chartered commercial bank, provided commercial and private banking services primarily to Texas based clients through 22 full service branches in the Houston and Dallas metropolitan statistical areas and other markets. It has a 165.01 P/E ratio. The Firm provides banking services to a range of customers.