Amazon.com (AMZN) is Sentry Investment Management LLC’s 3rd Largest Position

Sentry Investment Management LLC raised its position in Amazon.com (NASDAQ:AMZN) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,416 shares of the e-commerce giant’s stock after purchasing an additional 304 shares during the quarter. Amazon.com accounts for 2.1% of Sentry Investment Management LLC’s investment portfolio, making the stock its 3rd largest holding. Sentry Investment Management LLC’s holdings in Amazon.com were worth $37,910,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Fiduciary Trust Co. lifted its position in shares of Amazon.com by 2.1% during the third quarter. Fiduciary Trust Co. now owns 31,442 shares of the e-commerce giant’s stock worth $30,226,000 after purchasing an additional 635 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Amazon.com by 1.4% during the third quarter. Principal Financial Group Inc. now owns 844,380 shares of the e-commerce giant’s stock worth $811,745,000 after purchasing an additional 11,427 shares in the last quarter. IPG Investment Advisors LLC lifted its position in shares of Amazon.com by 177.8% during the third quarter. IPG Investment Advisors LLC now owns 10,238 shares of the e-commerce giant’s stock worth $9,842,000 after purchasing an additional 6,552 shares in the last quarter. Maple Capital Management Inc. lifted its position in shares of Amazon.com by 13.0% during the third quarter. Maple Capital Management Inc. now owns 538 shares of the e-commerce giant’s stock worth $517,000 after purchasing an additional 62 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of Amazon.com by 17.6% during the third quarter. Jaffetilchin Investment Partners LLC now owns 454 shares of the e-commerce giant’s stock worth $436,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 60.12% of the company’s stock.

In related news, Director Tom A. Alberg sold 670 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the director now owns 14,159 shares in the company, valued at $21,238,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,492.93, for a total transaction of $2,985,860.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $14,929,300. The disclosure for this sale can be found here. Insiders have sold 11,288 shares of company stock valued at $17,577,129 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Monday. Telsey Advisory Group assumed coverage on shares of Amazon.com in a research report on Monday, May 7th. They set an “outperform” rating and a $1,900.00 target price on the stock. Wells Fargo reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, May 4th. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, May 4th. Finally, Cascend Securities assumed coverage on shares of Amazon.com in a research report on Friday, May 4th. They set a “buy” rating and a $1,800.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fifty-two have given a buy rating and one has given a strong buy rating to the company. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,702.99.

Shares of Amazon.com opened at $1,581.76 on Friday, according to Marketbeat. Amazon.com has a 12 month low of $1,575.20 and a 12 month high of $1,590.00. The firm has a market cap of $770.19 billion, a P/E ratio of 249.96, a price-to-earnings-growth ratio of 4.34 and a beta of 1.60. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.78.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $1.47. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The business had revenue of $51.04 billion during the quarter, compared to analysts’ expectations of $49.94 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The firm’s revenue was up 42.9% on a year-over-year basis. equities research analysts predict that Amazon.com will post 12.1 EPS for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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