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.
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.
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