Wendell David Associates Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,961 shares of the e-commerce giant’s stock after selling 2 shares during the period. Wendell David Associates Inc.’s holdings in Amazon.com were worth $1,898,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth about $2,736,365,000. Discovery Capital Management LLC CT increased its position in shares of Amazon.com by 117.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant’s stock worth $358,574,000 after buying an additional 258,595 shares during the period. State Street Corp increased its position 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 worth $14,667,392,000 after buying an additional 186,756 shares during the period. Karp Capital Management Corp purchased a new position in shares of Amazon.com during the first quarter worth about $157,189,000. Finally, Canada Pension Plan Investment Board increased its position in shares of Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock worth $140,100,000 after buying an additional 126,534 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) traded down 2.36% during trading on Monday, hitting $995.96. The stock had a trading volume of 2,371,595 shares. The stock’s 50-day moving average is $998.12 and its 200-day moving average is $914.29. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock has a market capitalization of $478.44 billion, a PE ratio of 253.30 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. On average, analysts predict that Amazon.com, Inc. will post $6.72 earnings per share for the current fiscal year.
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A number of research analysts have recently issued reports on AMZN shares. Robert W. Baird upgraded shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Royal Bank Of Canada dropped their price target on shares of Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating on the stock in a research report on Monday, May 1st. Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,000.35 price target on the stock. in a research report on Monday, May 22nd. BMO Capital Markets restated an “outperform” rating and issued a $1,200.00 price target (up previously from $900.00) on shares of Amazon.com in a research report on Tuesday, April 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,056.10.
In related news, insider David Zapolsky sold 505 shares of the company’s stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock valued at $954,546,394 over the last 90 days. 17.70% of the stock is currently owned by company 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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