Mar Vista Investment Partners LLC bought a new stake in Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, Holdings Channel reports. The fund bought 44,618 shares of the e-commerce giant’s stock, valued at approximately $31,930,000. Amazon.com comprises 1.9% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 20th largest position.
Other large investors have also bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock worth $61,567,000 after buying an additional 20,700 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock worth $83,882,000 after buying an additional 9,640 shares in the last quarter. Prudential PLC boosted its stake in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock worth $62,771,000 after buying an additional 5,657 shares in the last quarter. Suvretta Capital Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth $147,407,000. Finally, British Columbia Investment Management Corp boosted its stake in shares of Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock worth $146,504,000 after buying an additional 2,602 shares in the last quarter. Hedge funds and other institutional investors own 65.44% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.525% during trading on Thursday, hitting $829.707. The company had a trading volume of 2,738,027 shares. Amazon.com Inc. has a one year low of $474.00 and a one year high of $847.21. The stock has a 50-day moving average of $796.14 and a 200-day moving average of $723.94. The stock has a market capitalization of $393.34 billion, a PE ratio of 206.343 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. Amazon.com’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities analysts anticipate that Amazon.com Inc. will post $5.85 EPS for the current year.
AMZN has been the subject of a number of research reports. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 price objective for the company in a research note on Monday, June 20th. Pacific Crest restated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 16th. KeyCorp restated a “buy” rating on shares of Amazon.com in a research note on Friday, June 17th. Maxim Group initiated coverage on Amazon.com in a research note on Wednesday, June 22nd. They set a “buy” rating and a $825.00 price target for the company. Finally, Brean Capital initiated coverage on Amazon.com in a research note on Wednesday, June 22nd. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $891.31.
In other news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the transaction, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey M. Blackburn sold 10,000 shares of Amazon.com stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the transaction, the insider now owns 55,887 shares in the company, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 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’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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