Concorde Asset Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 499 shares of the e-commerce giant’s stock, valued at approximately $483,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Amazon.com by 1.1% in 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 buying an additional 186,756 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Loomis Sayles & Co. L P raised its stake in shares of Amazon.com by 4.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,155,878 shares of the e-commerce giant’s stock valued at $1,616,628,000 after buying an additional 86,357 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after buying an additional 22,032 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after buying an additional 8,704 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors.
Amazon.com, Inc. (NASDAQ:AMZN) opened at 1026.87 on Thursday. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,031.59. The company’s 50-day moving average price is $991.84 and its 200-day moving average price is $903.05. The stock has a market cap of $490.82 billion, a P/E ratio of 193.38 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The firm had revenue of $35.71 billion for the quarter, compared to analysts’ expectations of $35.31 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Amazon.com’s revenue for the quarter was up 22.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post $6.69 EPS for the current year.
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Several equities analysts have recently weighed in on AMZN shares. William Blair reiterated a “buy” rating on shares of Amazon.com in a research note on Sunday, April 2nd. Loop Capital began coverage on shares of Amazon.com in a research note on Thursday, March 30th. They issued a “buy” rating and a $1,100.00 target price for the company. MKM Partners reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, March 30th. Barclays PLC reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, March 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Amazon.com from $912.00 to $1,025.00 and gave the company a “buy” rating in a research note on Tuesday, March 28th. Five analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,021.93.
In other news, insider David Zapolsky sold 505 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the sale, the insider now directly owns 2,018 shares in the company, valued at approximately $1,910,218.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $940.74, for a total value of $940,740,000.00. Following the sale, the chief executive officer now owns 80,857,196 shares in the company, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Insiders have sold 1,014,090 shares of company stock worth $954,546,394 in the last 90 days. 17.70% of the stock is currently owned by insiders.
About Amazon.com
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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