Jones Financial Companies Lllp cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,386 shares of the e-commerce giant’s stock after selling 570 shares during the quarter. Jones Financial Companies Lllp’s holdings in Amazon.com were worth $14,254,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in AMZN. Abbrea Capital LLC increased its position in shares of Amazon.com by 32.1% during the first quarter. Abbrea Capital LLC now owns 3,287 shares of the e-commerce giant’s stock valued at $4,757,000 after acquiring an additional 799 shares during the last quarter. RiverGlades Family Offices LLC acquired a new stake in shares of Amazon.com during the first quarter valued at about $217,000. Lido Advisors LLC increased its position in shares of Amazon.com by 75.5% during the first quarter. Lido Advisors LLC now owns 3,347 shares of the e-commerce giant’s stock valued at $4,844,000 after acquiring an additional 1,440 shares during the last quarter. Gratus Capital LLC acquired a new stake in shares of Amazon.com during the first quarter valued at about $3,133,000. Finally, Schnieders Capital Management LLC increased its position in shares of Amazon.com by 13.0% during the first quarter. Schnieders Capital Management LLC now owns 1,323 shares of the e-commerce giant’s stock valued at $1,915,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 56.12% of the company’s stock.
A number of brokerages recently weighed in on AMZN. Loop Capital restated a “buy” rating on shares of Amazon.com in a report on Tuesday, November 27th. Barclays restated a “buy” rating on shares of Amazon.com in a report on Wednesday, November 21st. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, November 20th. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a report on Tuesday, November 20th. Finally, Zacks Investment Research restated a “buy” rating and issued a $1,714.00 price objective on shares of Amazon.com in a report on Monday, November 12th. Three equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $2,101.01.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The company had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. On average, equities research analysts anticipate that Amazon.com, Inc. will post 19.49 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The disclosure for this sale can be found here. Insiders sold 27,842 shares of company stock valued at $46,521,741 in the last quarter. 16.30% of the stock is owned by insiders.
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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