Providence Wealth Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140 shares of the e-commerce giant’s stock after selling 6 shares during the period. Providence Wealth Advisors LLC’s holdings in Amazon.com were worth $268,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Gulf International Bank UK Ltd increased its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after buying an additional 480 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Amazon.com in the 1st quarter worth $214,000. Corundum Group Inc. bought a new position in shares of Amazon.com in the 4th quarter worth $888,000. Allstate Corp increased its holdings in shares of Amazon.com by 18.8% in the 1st quarter. Allstate Corp now owns 29,354 shares of the e-commerce giant’s stock worth $52,272,000 after buying an additional 4,641 shares during the last quarter. Finally, Evanson Asset Management LLC increased its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. Evanson Asset Management LLC now owns 4,493 shares of the e-commerce giant’s stock worth $8,508,000 after buying an additional 59 shares during the last quarter. 57.32% of the stock is currently owned by institutional investors.
AMZN traded down $32.08 during trading on Friday, hitting $1,823.24. 4,947,242 shares of the stock traded hands, compared to its average volume of 3,517,941. The company has a market cap of $917.75 billion, a price-to-earnings ratio of 90.53, a P/E/G ratio of 2.35 and a beta of 1.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The company has a 50-day moving average price of $1,936.03. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company earned $5.07 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 24.52 EPS for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,900 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $1,848.11, for a total value of $3,511,409.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,481,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the transaction, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. Insiders have sold a total of 16,493 shares of company stock valued at $31,862,157 in the last three months. 16.10% of the stock is currently owned by corporate insiders.
AMZN has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Wedbush reissued a “buy” rating and issued a $2,350.00 price target on shares of Amazon.com in a report on Monday, July 22nd. Pivotal Research reaffirmed a “buy” rating and issued a $2,615.00 price objective (down previously from $2,750.00) on shares of Amazon.com in a research note on Friday, July 26th. BidaskClub cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $2,251.95.
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 third-party sellers through physical stores and online stores.
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