Smith Asset Management Group LP trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 45,269 shares of the e-commerce giant’s stock after selling 3,880 shares during the quarter. Amazon.com comprises approximately 1.3% of Smith Asset Management Group LP’s portfolio, making the stock its 17th biggest position. Smith Asset Management Group LP’s holdings in Amazon.com were worth $43,820,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Investment Research LLC increased its holdings in Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares in the last quarter. WealthTrust Arizona LLC increased its holdings in Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com in the 2nd quarter worth about $116,000. Lipe & Dalton bought a new stake in Amazon.com in the 1st quarter worth about $124,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after buying an additional 112 shares in the last quarter. Institutional investors own 60.77% of the company’s stock.
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In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total value of $2,308,092.60. Following the transaction, the insider now owns 1,748 shares in the company, valued at approximately $1,728,597.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock worth $8,874,850 in the last quarter. 17.70% of the stock is currently owned by insiders.
Shares of Amazon.com, Inc. (AMZN) opened at 1100.95 on Monday. The firm has a 50-day moving average price of $980.24 and a 200 day moving average price of $974.26. The firm has a market capitalization of $528.87 billion, a price-to-earnings ratio of 280.00 and a beta of 1.47. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,105.58.
Amazon.com (NASDAQ:AMZN) last released 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 business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post $3.67 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on AMZN shares. Cantor Fitzgerald restated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target for the company. in a research note on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Amazon.com in a research note on Friday. BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, SunTrust Banks, Inc. started coverage on Amazon.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,135.75.
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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