Wedge Capital Management L L P NC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 266 shares of the e-commerce giant’s stock, valued at approximately $257,000.
Several other large investors also recently modified their holdings of AMZN. Waldron LP lifted its position in shares of Amazon.com by 43.6% in the first quarter. Waldron LP now owns 1,762 shares of the e-commerce giant’s stock valued at $1,521,000 after acquiring an additional 535 shares in the last quarter. Barton Investment Management lifted its position in Amazon.com by 2.1% during the first quarter. Barton Investment Management now owns 49,492 shares of the e-commerce giant’s stock worth $43,876,000 after buying an additional 1,028 shares during the period. Everett Harris & Co. CA lifted its position in Amazon.com by 2.5% during the first quarter. Everett Harris & Co. CA now owns 36,300 shares of the e-commerce giant’s stock worth $32,181,000 after buying an additional 873 shares during the period. Stonebridge Capital Management Inc. raised its holdings in shares of Amazon.com by 5.7% in the 1st quarter. Stonebridge Capital Management Inc. now owns 1,020 shares of the e-commerce giant’s stock worth $905,000 after purchasing an additional 55 shares during the period. Finally, Supplemental Annuity Collective Trust of NJ raised its holdings in shares of Amazon.com by 25.0% in the 1st quarter. Supplemental Annuity Collective Trust of NJ now owns 5,000 shares of the e-commerce giant’s stock worth $4,433,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 60.54% of the company’s stock.
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In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 395,770 shares of company stock worth $436,339,290. 17.00% of the stock is owned by insiders.
AMZN has been the topic of a number of research reports. Canaccord Genuity restated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a report on Wednesday, October 11th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Wedbush set a $1,250.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Monday, October 23rd. Citigroup Inc. restated a “buy” rating and set a $1,200.00 price objective (down previously from $1,220.00) on shares of Amazon.com in a research note on Sunday, July 30th. Finally, Royal Bank Of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Five investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,142.08.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,136.84 on Wednesday. Amazon.com, Inc. has a 52 week low of $725.99 and a 52 week high of $1,139.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The company has a market cap of $547,810.00, a P/E ratio of 285.62, a P/E/G ratio of 14.04 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. research analysts predict that Amazon.com, Inc. will post 4.26 earnings per share for the current fiscal year.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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