Great West Life Assurance Co. Can boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 329,141 shares of the e-commerce giant’s stock after buying an additional 19,761 shares during the period. Amazon.com makes up about 0.8% of Great West Life Assurance Co. Can’s portfolio, making the stock its 20th largest position. Great West Life Assurance Co. Can owned approximately 0.07% of Amazon.com worth $291,573,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bluestein R H & Co. boosted its stake in shares of Amazon.com by 8.8% in the fourth quarter. Bluestein R H & Co. now owns 64,057 shares of the e-commerce giant’s stock worth $48,034,000 after buying an additional 5,206 shares during the last quarter. Cim Investment Mangement Inc. boosted its stake in shares of Amazon.com by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 3,745 shares of the e-commerce giant’s stock worth $2,808,000 after buying an additional 42 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $2,640,000. First Allied Advisory Services Inc. boosted its stake in shares of Amazon.com by 31.5% in the fourth quarter. First Allied Advisory Services Inc. now owns 12,722 shares of the e-commerce giant’s stock worth $9,540,000 after buying an additional 3,050 shares during the last quarter. Finally, Lyell Wealth Management LP bought a new stake in shares of Amazon.com during the fourth quarter worth $2,499,000. Institutional investors and hedge funds own 62.17% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) opened at 982.01 on Thursday. The company has a market cap of $471.74 billion, a P/E ratio of 249.75 and a beta of 1.48. The company has a 50-day moving average of $1,000.36 and a 200 day moving average of $924.78. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released its quarterly 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 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the prior year, the firm earned $1.78 EPS. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
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A number of analysts have recently weighed in on AMZN shares. Credit Suisse Group reiterated an “outperform” rating and set a $1,050.00 price target (up from $900.00) on shares of Amazon.com in a research report on Monday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $900.00 price target on shares of Amazon.com in a research report on Monday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $970.00 price target on shares of Amazon.com in a research report on Monday, April 17th. Barclays PLC reissued an “overweight” rating and issued a $1,120.00 price objective on shares of Amazon.com in a report on Tuesday, April 18th. Finally, Macquarie reissued a “buy” rating and issued a $995.00 price objective on shares of Amazon.com in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,065.61.
In other news, Director Tom A. Alberg sold 800 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the sale, the director now owns 20,320 shares of the company’s stock, valued at approximately $20,320,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The disclosure for this sale can be found here. Insiders sold a total of 10,890 shares of company stock valued at $10,800,023 in the last ninety days. 17.70% of the stock is owned by corporate insiders.
Amazon.com Company Profile
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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