Lourd Capital LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,834 shares of the e-commerce giant’s stock after purchasing an additional 299 shares during the period. Amazon.com makes up 0.3% of Lourd Capital LLC’s holdings, making the stock its 12th biggest holding. Lourd Capital LLC’s holdings in Amazon.com were worth $2,743,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clear Investment Research LLC boosted its stake in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC lifted its stake in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com in the second quarter worth approximately $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com in the first quarter worth approximately $124,000. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after acquiring an additional 112 shares during the period. Institutional investors own 60.77% of the company’s stock.
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In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were 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 owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction on Friday, August 4th. The shares were 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 in the company, valued at approximately $9,873,900. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock worth $8,874,850 in the last three months. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (AMZN) opened at 995.00 on Thursday. The stock has a 50 day moving average of $968.83 and a 200-day moving average of $965.25. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The company has a market capitalization of $477.98 billion, a P/E ratio of 253.05 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned $1.78 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post $3.59 earnings per share for the current year.
Several brokerages have issued reports on AMZN. BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. SunTrust Banks, Inc. began coverage on Amazon.com in a report on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price objective for the company. JMP Securities reiterated an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a report on Friday, August 25th. Mizuho reiterated a “buy” rating and set a $1,250.00 price target on shares of Amazon.com in a report on Monday, August 7th. Finally, Morgan Stanley reiterated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,115.21.
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 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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