Stoneridge Investment Partners LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 312 shares of the e-commerce giant’s stock, valued at approximately $277,000.
Several other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at about $2,736,365,000. Ruane Cunniff & Goldfarb Inc. acquired a new position in Amazon.com during the fourth quarter valued at about $335,571,000. Discovery Capital Management LLC CT raised its position in Amazon.com by 117.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant’s stock valued at $358,574,000 after buying an additional 258,595 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Amazon.com by 80,761.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 175,470 shares of the e-commerce giant’s stock valued at $175,000 after buying an additional 175,253 shares during the last quarter. Finally, Temasek Holdings Private Ltd purchased a new position in shares of Amazon.com during the fourth quarter worth $96,711,000. Hedge funds and other institutional investors own 61.90% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) traded down 0.22% during mid-day trading on Friday, hitting $958.47. 3,284,821 shares of the stock were exchanged. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The company has a 50-day moving average price of $995.90 and a 200-day moving average price of $931.08. The company has a market cap of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter last year, the company earned $1.78 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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AMZN has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $1,250.00 price objective (up from $900.00) on shares of Amazon.com in a report on Monday, April 24th. Nomura restated a “buy” rating and issued a $975.00 price objective on shares of Amazon.com in a report on Monday, April 24th. Instinet boosted their price objective on shares of Amazon.com from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Stifel Nicolaus restated a “buy” rating and issued a $1,025.00 price objective on shares of Amazon.com in a report on Monday, April 24th. Finally, Cowen and Company restated an “outperform” rating and issued a $1,050.00 price objective on shares of Amazon.com in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,078.80.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at $80,348,071.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders sold 16,463 shares of company stock worth $16,299,266 over the last quarter. Company insiders own 17.70% of the company’s stock.
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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