Portland Global Advisors LLC held its position in shares of Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, Holdings Channel reports. The firm owned 751 shares of the e-commerce giant’s stock at the end of the second quarter. Portland Global Advisors LLC’s holdings in Amazon.com were worth $537,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank N A MO raised its position in shares of Amazon.com by 61.8% in the second quarter. UMB Bank N A MO now owns 17,299 shares of the e-commerce giant’s stock worth $12,379,000 after buying an additional 6,609 shares in the last quarter. Headinvest LLC purchased a new position in shares of Amazon.com during the second quarter worth $221,000. Bourne Lent Asset Management Inc. raised its position in shares of Amazon.com by 2.7% in the second quarter. Bourne Lent Asset Management Inc. now owns 1,150 shares of the e-commerce giant’s stock worth $823,000 after buying an additional 30 shares in the last quarter. WESPAC Advisors LLC purchased a new position in shares of Amazon.com during the second quarter worth $608,000. Finally, Narwhal Capital Management raised its position in shares of Amazon.com by 19.9% in the second quarter. Narwhal Capital Management now owns 1,566 shares of the e-commerce giant’s stock worth $1,121,000 after buying an additional 260 shares in the last quarter. 65.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.07% during mid-day trading on Monday, reaching $836.74. The company’s stock had a trading volume of 2,769,448 shares. The firm has a 50-day moving average of $781.12 and a 200-day moving average of $712.35. The firm has a market capitalization of $396.68 billion, a PE ratio of 208.09 and a beta of 1.19. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $839.95.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during 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 quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. Equities research analysts forecast that Amazon.com Inc. will post $5.82 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on AMZN. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Monday. Wedbush reissued an “outperform” rating on shares of Amazon.com in a report on Friday. JMP Securities increased their price objective on Amazon.com from $840.00 to $950.00 and gave the company a “buy” rating in a report on Friday. Guggenheim started coverage on Amazon.com in a report on Friday. They set a “buy” rating and a $950.00 target price on the stock. Finally, Vetr lowered Amazon.com from a “buy” rating to a “hold” rating and set a $854.95 target price on the stock. in a report on Wednesday, September 28th. Seven analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $885.11.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 68,141 shares in the company, valued at approximately $54,512,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the sale, the chief executive officer now owns 84,446 shares of the company’s stock, valued at approximately $65,002,308.50. The disclosure for this sale can be found here. Company 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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