Mn Services Vermogensbeheer B.V. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,094 shares of the e-commerce giant’s stock after buying an additional 600 shares during the period. Amazon.com makes up about 1.7% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 4th biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Amazon.com were worth $64,501,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. boosted its stake in shares of Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after buying an additional 130 shares during the last quarter. Lakeview Capital Partners LLC boosted its stake in shares of Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after buying an additional 176 shares during the last quarter. Perpetual Ltd purchased a new position in shares of Amazon.com in the 2nd quarter worth $25,356,000. R. G. Niederhoffer Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth $871,000. Finally, IBM Retirement Fund boosted its stake in shares of Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after buying an additional 4,218 shares during the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock worth $444,391,701 over the last ninety days. Insiders own 17.00% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period last year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities research analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current year.
A number of research firms have recently issued reports on AMZN. SunTrust Banks restated a “buy” rating and issued a $1,400.00 price target (up from $1,270.00) on shares of Amazon.com in a research note on Friday. Robert W. Baird restated a “buy” rating and issued a $1,310.00 price target on shares of Amazon.com in a research note on Monday, January 8th. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus raised their target price on Amazon.com from $1,313.00 to $1,425.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a report on Thursday, September 28th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $1,262.35.
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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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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