Marshall Wace LLP raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,299 shares of the e-commerce giant’s stock after acquiring an additional 22,627 shares during the period. Amazon.com makes up about 3.3% of Marshall Wace LLP’s investment portfolio, making the stock its 5th largest position. Marshall Wace LLP’s holdings in Amazon.com were worth $73,857,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Clear Investment Research LLC grew its holdings in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the last quarter. WealthTrust Arizona LLC grew its holdings in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com in the second quarter worth about $116,000. Lipe & Dalton bought a new position in shares of Amazon.com in the first quarter worth about $124,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 60.62% of the company’s stock.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the sale, the chief executive officer now directly owns 15,312 shares in the company, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. Insiders have sold 401,343 shares of company stock worth $441,838,533 in the last ninety days. 17.70% of the stock is currently owned by corporate insiders.
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A number of research analysts have recently commented on the stock. Tigress Financial restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a report on Friday, July 28th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a research note on Monday, October 2nd. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, July 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research note on Sunday, July 23rd. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,142.08.
Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,125.35 on Friday. Amazon.com, Inc. has a twelve month low of $710.10 and a twelve month high of $1,135.54. The firm has a market capitalization of $542,274.63, a price-to-earnings ratio of 285.62, a P/E/G ratio of 14.04 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue was up 33.7% on a year-over-year basis. analysts expect that Amazon.com, Inc. will post 4.26 EPS for the current fiscal year.
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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