ClariVest Asset Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,685 shares of the e-commerce giant’s stock after selling 5,325 shares during the period. Amazon.com accounts for approximately 3.5% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. ClariVest Asset Management LLC’s holdings in Amazon.com were worth $200,041,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JJJ Advisors Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $175,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Amazon.com by 31.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock valued at $139,868,000 after buying an additional 19,500 shares during the period. Vista Equity Partners Management LLC grew its stake in shares of Amazon.com by 44.3% in the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock valued at $18,565,000 after buying an additional 3,936 shares during the period. Landaas & Co. WI ADV purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $224,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Amazon.com by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock valued at $43,408,000 after buying an additional 1,342 shares during the period. 55.64% of the stock is owned by institutional investors.
AMZN has been the subject of several analyst reports. Oppenheimer reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 10th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 15th. Jefferies Financial Group reissued a “buy” rating and issued a $2,185.00 price target on shares of Amazon.com in a research note on Friday, August 17th. JMP Securities reissued a “buy” rating and issued a $2,075.00 price target on shares of Amazon.com in a research note on Monday, August 20th. Finally, MKM Partners increased their price target on shares of Amazon.com from $1,840.00 to $2,215.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Three research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $2,096.01.
In other Amazon.com news, Director Daniel P. Huttenlocher sold 181 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,579.89, for a total transaction of $285,960.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,842 shares of company stock worth $42,513,241. 16.30% of the stock is owned by company insiders.
Amazon.com stock opened at $1,629.13 on Friday. The company has a market cap of $815.80 billion, a price-to-earnings ratio of 358.05, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70. Amazon.com, Inc. has a 52-week low of $1,157.00 and a 52-week high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities analysts expect that Amazon.com, Inc. will post 19.49 earnings per share for the current fiscal 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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