Westpac Banking Corp decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 31.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,145 shares of the e-commerce giant’s stock after selling 27,004 shares during the quarter. Amazon.com makes up about 1.3% of Westpac Banking Corp’s holdings, making the stock its 4th biggest position. Westpac Banking Corp’s holdings in Amazon.com were worth $57,820,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vestor Capital LLC grew its position in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the last quarter. Clear Investment Research LLC grew its position in Amazon.com by 73,100.0% in the 2nd 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. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $116,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $121,000. Finally, Archford Capital Strategies LLC boosted its position in shares of Amazon.com by 17,242.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after acquiring an additional 29,829 shares in the last quarter. Institutional investors own 59.78% of the company’s stock.
Several equities analysts recently issued reports on AMZN shares. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Jefferies Group reissued a “buy” rating and set a $1,250.00 price target on shares of Amazon.com in a report on Tuesday, September 26th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, September 25th. Argus reaffirmed a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research note on Thursday, September 21st. Finally, Loop Capital reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Amazon.com in a research note on Tuesday, September 19th. Four investment analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1,262.35.
Amazon.com, Inc. (NASDAQ:AMZN) traded up $28.52 during trading hours on Friday, hitting $1,305.20. 5,434,054 shares of the stock traded hands, compared to its average volume of 3,250,000. The company has a market cap of $628,940.00, a price-to-earnings ratio of 329.60, a P/E/G ratio of 7.60 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 12 month low of $803.00 and a 12 month high of $1,305.76.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. equities research analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
In other news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the sale, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock worth $444,391,701 over the last quarter. Company insiders own 17.70% of the company’s stock.
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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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