Rational Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 930 shares of the e-commerce giant’s stock after purchasing an additional 252 shares during the period. Rational Advisors LLC’s holdings in Amazon.com were worth $900,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Investment Research LLC grew its position in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC grew its position in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the 2nd quarter worth approximately $116,000. Lipe & Dalton purchased a new position in Amazon.com during the 1st quarter worth approximately $124,000. Finally, Farmers & Merchants Investments Inc. grew its position in Amazon.com by 560.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS.
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In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated 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 owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $1,200.00 price objective (up from $1,100.00) on shares of Amazon.com in a research report on Friday, October 27th. Jefferies Group LLC restated a “buy” rating and set a $70.67 price target (down from $1,350.00) on shares of Amazon.com in a report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and set a $1,250.00 price target (up from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating on shares of Amazon.com in a report on Tuesday, October 24th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a report on Monday. Five equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,142.08.
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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