Allen Investment Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,733 shares of the e-commerce giant’s stock after selling 1,047 shares during the period. Amazon.com accounts for 0.4% of Allen Investment Management LLC’s portfolio, making the stock its 29th largest position. Allen Investment Management LLC’s holdings in Amazon.com were worth $6,856,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. HighVista Strategies LLC purchased a new position in shares of Amazon.com during the first quarter worth about $3,812,000. Schwab Charles Investment Management Inc. boosted its position in shares of Amazon.com by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock worth $1,121,373,000 after buying an additional 29,920 shares during the period. Nicholas Investment Partners LP boosted its position in shares of Amazon.com by 47.0% in the first quarter. Nicholas Investment Partners LP now owns 5,344 shares of the e-commerce giant’s stock worth $4,738,000 after buying an additional 1,709 shares during the period. Brown Advisory Securities LLC boosted its position in shares of Amazon.com by 2.5% in the first quarter. Brown Advisory Securities LLC now owns 12,818 shares of the e-commerce giant’s stock worth $11,359,000 after buying an additional 312 shares during the period. Finally, Investec Asset Management PTY Ltd purchased a new position in shares of Amazon.com during the first quarter worth about $539,000. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amazon.com, Inc. (AMZN) traded down 1.4275% during midday trading on Thursday, reaching $967.9921. The company’s stock had a trading volume of 1,464,784 shares. The stock has a market capitalization of $465.00 billion, a P/E ratio of 246.1832 and a beta of 1.48. The stock’s 50-day moving average is $1,000.36 and its 200 day moving average is $924.78. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. On average, analysts expect that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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A number of brokerages recently issued reports on AMZN. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research report on Wednesday. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research report on Wednesday. Mizuho restated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research report on Monday. Finally, BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $1,065.61.
In other news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,873,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the transaction, the director now owns 20,320 shares in the company, valued at $20,320,000. The disclosure for this sale can be found here. Insiders sold 10,890 shares of company stock worth $10,800,023 over the last quarter. 17.70% of the stock is currently owned by corporate 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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