Hall Laurie J Trustee grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 59.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,047 shares of the e-commerce giant’s stock after acquiring an additional 390 shares during the period. Hall Laurie J Trustee’s holdings in Amazon.com were worth $1,780,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Guidant Wealth Advisors lifted its stake in shares of Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares during the last quarter. Lee Financial Co lifted its position in Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Amazon.com during the 1st quarter worth $145,000. Braun Bostich & Associates Inc. acquired a new position in Amazon.com during the 1st quarter worth $174,000. Finally, Legacy Advisors LLC lifted its position in Amazon.com by 47.1% during the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock worth $175,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 56.59% of the company’s stock.
A number of research analysts have weighed in on AMZN shares. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research report on Monday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $2,525.00 target price on shares of Amazon.com in a research report on Friday, October 12th. BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. SunTrust Banks boosted their target price on shares of Amazon.com to $2,250.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $2,185.00 target price on shares of Amazon.com in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $2,091.53.
In related news, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the sale, the chief executive officer now owns 78,884,539 shares of the company’s stock, valued at $128,757,711,091.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 1,927 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the completion of the sale, the senior vice president now directly owns 3,161 shares in the company, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. In the last three months, insiders sold 34,952 shares of company stock worth $62,436,285. 16.30% of the stock is currently owned by insiders.
Shares of AMZN opened at $1,627.80 on Tuesday. The stock has a market cap of $814.39 billion, a PE ratio of 357.76, a P/E/G ratio of 3.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com, Inc. has a 52 week low of $1,108.77 and a 52 week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities analysts predict that Amazon.com, Inc. will post 19.24 EPS for the current year.
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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.
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