Sigma Investment Counselors Inc. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,257 shares of the e-commerce giant’s stock after selling 79 shares during the quarter. Amazon.com comprises 1.2% of Sigma Investment Counselors Inc.’s holdings, making the stock its 14th biggest position. Sigma Investment Counselors Inc.’s holdings in Amazon.com were worth $8,936,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Summit Trail Advisors LLC raised its stake in shares of Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after acquiring an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after acquiring an additional 3,338,491 shares in the last quarter. Mackay Shields LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $248,912,000. Natixis raised its stake in shares of Amazon.com by 296.9% during the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock worth $287,629,000 after acquiring an additional 148,654 shares in the last quarter. Finally, ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in Amazon.com during the 4th quarter valued at approximately $172,579,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $19,817,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the sale, the chief executive officer now directly owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock worth $47,905,498 over the last three months. 16.30% of the stock is currently owned by insiders.
A number of research analysts have issued reports on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $2,100.00 price target (up previously from $2,075.00) on shares of Amazon.com in a research note on Friday, July 27th. Macquarie restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, August 23rd. Canaccord Genuity restated a “buy” rating and set a $2,000.00 price target (up previously from $1,800.00) on shares of Amazon.com in a research note on Thursday, July 12th. Finally, BidaskClub upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 17th. Four analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $2,005.64.
Shares of NASDAQ AMZN opened at $1,788.61 on Friday. Amazon.com, Inc. has a 1 year low of $962.50 and a 1 year high of $2,050.50. The firm has a market cap of $976.95 billion, a P/E ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm had revenue of $52.89 billion for the quarter, compared to the consensus estimate of $53.37 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 17.78 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
Read More: Trading Strategy Methods and Types
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.