Asset Dedication LLC Sells 200 Shares of Amazon.com, Inc. (AMZN)

Asset Dedication LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,247 shares of the e-commerce giant’s stock after selling 200 shares during the period. Amazon.com makes up approximately 1.1% of Asset Dedication LLC’s investment portfolio, making the stock its 29th largest position. Asset Dedication LLC’s holdings in Amazon.com were worth $2,190,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Temasek Holdings Private Ltd acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $96,711,000. Integre Asset Management LLC increased its stake in shares of Amazon.com by 0.9% in the fourth quarter. Integre Asset Management LLC now owns 10,546 shares of the e-commerce giant’s stock valued at $7,908,000 after buying an additional 98 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $5,821,000. Jafra Capital Management LP acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $2,625,000. Finally, Ruane Cunniff & Goldfarb Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $335,571,000. 61.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.22% during midday trading on Friday, reaching $958.47. The company had a trading volume of 3,284,821 shares. The firm has a market capitalization of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48. The company has a 50 day moving average price of $996.40 and a 200-day moving average price of $930.16. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the firm earned $1.78 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by BNB Daily and is the property of of BNB Daily. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/19/asset-dedication-llc-sells-200-shares-of-amazon-com-inc-amzn-updated-updated-updated.html.

Several equities research analysts recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and issued a $1,250.00 price objective (up from $1,135.00) on shares of Amazon.com in a research note on Friday, July 28th. Wedbush reaffirmed a “buy” rating and set a $1,250.00 price target on shares of Amazon.com in a research note on Friday, July 28th. Barclays PLC raised their price target on Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Deutsche Bank AG raised their price target on Amazon.com from $1,135.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Aegis raised their price target on Amazon.com from $1,069.00 to $1,171.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,078.80.

In other news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the transaction, the chief executive officer now directly owns 15,312 shares in the company, valued at approximately $15,032,402.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,697,300. The disclosure for this sale can be found here. Insiders have sold a total of 16,463 shares of company stock worth $16,299,266 in the last three months. Insiders own 17.70% of the company’s stock.

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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply