LS Investment Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 6,043 shares of the e-commerce giant’s stock after buying an additional 17 shares during the period. LS Investment Advisors LLC’s holdings in Amazon.com were worth $5,850,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AMZN. Bridgeworth LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $390,000. Cigna Investments Inc. New acquired a new position in shares of Amazon.com during the fourth quarter valued at about $11,707,000. Stockbridge Partners LLC raised its position in shares of Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock valued at $89,895,000 after buying an additional 62,312 shares in the last quarter. Hengehold Capital Management LLC raised its position in shares of Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares in the last quarter. Finally, Boston Advisors LLC raised its position in shares of Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares in the last quarter. Institutional investors own 62.48% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) opened at 1020.04 on Friday. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The stock has a 50 day moving average price of $998.12 and a 200-day moving average price of $914.29. The company has a market cap of $489.62 billion, a price-to-earnings ratio of 259.42 and a beta of 1.48. Amazon.com also was the recipient of some unusual options trading on Thursday. Stock traders acquired 74,508 put options on the stock. This is an increase of 141% compared to the average volume of 30,945 put options.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.82% and a net margin of 1.28%. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the prior year, the business posted $1.78 earnings per share. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post $6.72 EPS for the current fiscal year.
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Several equities analysts recently issued reports on AMZN shares. William Blair reiterated a “buy” rating on shares of Amazon.com in a research report on Sunday, April 2nd. Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $861.67 price objective for the company. in a research report on Monday, April 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 price objective (up from $900.00) on shares of Amazon.com in a research report on Tuesday, April 4th. Robert W. Baird reiterated an “outperform” rating and issued a $850.00 price objective on shares of Amazon.com in a research report on Thursday, April 6th. Finally, Needham & Company LLC upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,000.00 price objective for the company in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and forty-six have issued a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,037.32.
In related news, Director Tom A. Alberg sold 670 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $940.45, for a total value of $630,101.50. Following the transaction, the director now directly owns 21,855 shares of the company’s stock, valued at approximately $20,553,534.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,110,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,014,090 shares of company stock worth $954,546,394. 17.70% of the stock is 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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