Duncker Streett & Co. Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,259 shares of the e-commerce giant’s stock after selling 137 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Amazon.com were worth $1,210,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its position in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. boosted its position in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. State Street Corp boosted its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Capital Research Global Investors boosted its position in Amazon.com by 0.4% in the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Amazon.com by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.
Amazon.com, Inc. (AMZN) opened at $1,305.20 on Friday. Amazon.com, Inc. has a 1 year low of $803.00 and a 1 year high of $1,305.76. The company has a market capitalization of $628,940.00, a price-to-earnings ratio of 329.60, a PEG ratio of 7.60 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. 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 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. research analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
Several research analysts have recently commented on AMZN shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 20th. Needham & Company LLC reissued a “buy” rating and set a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Cantor Fitzgerald lifted their target price on Amazon.com to $1,360.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 target price on the stock. in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,262.35.
In related news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at approximately $20,475,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. 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 ninety days. 17.70% of the stock is currently owned by corporate insiders.
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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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