Majedie Asset Management Ltd acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 580 shares of the e-commerce giant’s stock, valued at approximately $514,000.
A number of other institutional investors have also recently bought and sold shares of the company. Bridgeworth LLC purchased a new position in Amazon.com during the fourth quarter worth about $390,000. Cigna Investments Inc. New purchased a new position in Amazon.com during the fourth quarter worth about $11,707,000. Stockbridge Partners LLC increased its position in Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock worth $89,895,000 after buying an additional 62,312 shares in the last quarter. Hengehold Capital Management LLC increased its position in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares in the last quarter. Finally, Boston Advisors LLC increased its position in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after buying an additional 10,014 shares in the last quarter. 62.17% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc. (NASDAQ AMZN) opened at 992.27 on Tuesday. The company has a market capitalization of $476.67 billion, a price-to-earnings ratio of 252.36 and a beta of 1.48. The stock has a 50 day moving average price of $999.29 and a 200 day moving average price of $918.57. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post $3.84 earnings per share for the current year.
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A number of equities analysts have issued reports on AMZN shares. Instinet cut their price objective on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Friday, June 16th. Loop Capital reissued a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price target on the stock. in a report on Tuesday, July 18th. Cantor Fitzgerald reissued a “buy” rating and issued a $970.00 price target on shares of Amazon.com in a report on Friday, April 28th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,065.61.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $10,110,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,890 shares of company stock valued at $12,699,003. 17.70% of the stock is currently owned by company insiders.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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