Private Asset Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,528 shares of the e-commerce giant’s stock after selling 44 shares during the quarter. Private Asset Management Inc.’s holdings in Amazon.com were worth $5,295,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its stake in shares of Amazon.com by 0.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after purchasing an additional 2 shares during the period. Regis Management CO LLC raised its stake in shares of Amazon.com by 0.9% in the 2nd quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after purchasing an additional 2 shares during the period. Hall Capital Management Co. Inc. raised its stake in shares of Amazon.com by 0.8% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock valued at $390,000 after purchasing an additional 3 shares during the period. Noesis Capital Mangement Corp raised its stake in shares of Amazon.com by 0.8% in the 2nd quarter. Noesis Capital Mangement Corp now owns 505 shares of the e-commerce giant’s stock valued at $489,000 after purchasing an additional 4 shares during the period. Finally, American Asset Management Inc. increased its position in shares of Amazon.com by 0.8% in the second quarter. American Asset Management Inc. now owns 596 shares of the e-commerce giant’s stock valued at $577,000 after acquiring an additional 5 shares during the last quarter. 60.22% of the stock is currently owned by institutional investors and hedge funds.
In other Amazon.com news, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the director now directly owns 14,159 shares in the company, valued at $21,238,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,714 shares of company stock valued at $8,462,195. 17.00% of the stock is owned by company insiders.
Shares of Amazon.com, Inc. (AMZN) opened at $1,588.18 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. Amazon.com, Inc. has a 1 year low of $833.50 and a 1 year high of $1,617.54. The firm has a market cap of $773,792.13, a P/E ratio of 350.52, a PEG ratio of 7.03 and a beta of 1.54.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. During the same period in the previous year, the business earned $1.54 earnings per share. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. analysts predict that Amazon.com, Inc. will post 8.49 EPS for the current year.
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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