Capital Analysts LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 553 shares of the e-commerce giant’s stock, valued at approximately $535,000.
Several other hedge funds also recently made changes to their positions in AMZN. Clear Investment Research LLC grew its position in shares of 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 valued at $107,000 after purchasing an additional 731 shares during the period. WealthTrust Arizona LLC grew its position in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at approximately $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com in the 1st quarter valued at approximately $124,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares during the period. 59.83% of the stock is owned by institutional investors.
In related news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. In the last three months, insiders sold 398,703 shares of company stock valued at $440,138,461. 17.70% of the stock is currently owned by insiders.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
Several equities analysts recently issued reports on AMZN shares. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Wedbush reiterated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $1,250.00 price objective (up from $1,135.00) on shares of Amazon.com in a research report on Friday, July 28th. Instinet reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research report on Sunday, July 30th. Finally, Atlantic Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $1,160.04.
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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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