Sei Investments Co. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,613 shares of the e-commerce giant’s stock after acquiring an additional 17,596 shares during the quarter. Amazon.com makes up about 0.9% of Sei Investments Co.’s portfolio, making the stock its 12th biggest holding. Sei Investments Co.’s holdings in Amazon.com were worth $217,425,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Leavell Investment Management Inc. boosted its stake in Amazon.com by 0.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after purchasing an additional 1 shares during the period. SeaBridge Investment Advisors LLC raised its holdings in Amazon.com by 0.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after acquiring an additional 1 shares in the last quarter. Probity Advisors Inc. raised its holdings in Amazon.com by 0.6% in the 2nd quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after acquiring an additional 2 shares in the last quarter. Beaumont Financial Partners LLC raised its holdings in Amazon.com by 0.6% in the 1st quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock valued at $483,000 after acquiring an additional 3 shares in the last quarter. Finally, Grimes & Company Inc. raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Grimes & Company Inc. now owns 744 shares of the e-commerce giant’s stock valued at $720,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 60.80% of the company’s stock.
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Amazon.com, Inc. (NASDAQ:AMZN) opened at 972.43 on Friday. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm’s 50-day moving average is $976.74 and its 200 day moving average is $972.88. The firm has a market cap of $467.13 billion, a PE ratio of 247.31 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Equities research analysts predict that Amazon.com, Inc. will post $3.67 EPS for the current year.
In related news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,083 shares of company stock valued at $8,874,850. Insiders own 17.70% of the company’s stock.
AMZN has been the topic of a number of research reports. Stifel Nicolaus restated a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday. Vetr lowered Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price objective on the stock. in a research report on Tuesday, July 18th. Loop Capital set a $1,200.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 20th. Royal Bank Of Canada set a $1,100.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,115.36.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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