Alps Advisors Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,452 shares of the e-commerce giant’s stock after acquiring an additional 315 shares during the period. Alps Advisors Inc.’s holdings in Amazon.com were worth $1,406,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AMZN. Harbour Capital Advisors LLC raised its stake in shares of Amazon.com by 100,947.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after acquiring an additional 2,300,593 shares in the last quarter. State Street Corp raised its stake in shares of Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after acquiring an additional 186,756 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Amazon.com during the first quarter valued at approximately $157,189,000. Canada Pension Plan Investment Board raised its stake in shares of Amazon.com by 401.7% during the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after acquiring an additional 126,534 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Amazon.com by 11.9% during the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after acquiring an additional 93,757 shares in the last quarter. 60.62% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on AMZN. Cantor Fitzgerald reissued a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective for the company. in a research note on Monday, October 23rd. Canaccord Genuity reissued a “buy” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. SunTrust Banks, Inc. began coverage on shares of Amazon.com in a research note on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 price objective for the company. Finally, JMP Securities reissued an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,142.08.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, 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 399,483 shares of company stock valued at $439,775,421 over the last 90 days. Insiders own 17.00% of the company’s stock.
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Shares of Amazon.com, Inc. (AMZN) opened at $1,111.60 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,122.79. The stock has a market cap of $535,649.13, a P/E ratio of 282.13, a price-to-earnings-growth ratio of 14.05 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the 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%. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. sell-side analysts predict that Amazon.com, Inc. will post 4.2 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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