Sii Investments Inc. WI increased its position in Amazon.com Inc. (NASDAQ:AMZN) by 6.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,879 shares of the e-commerce giant’s stock after buying an additional 170 shares during the period. Sii Investments Inc. WI’s holdings in Amazon.com were worth $2,060,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new position in shares of Amazon.com during the second quarter valued at about $479,380,000. Societe Generale purchased a new position in shares of Amazon.com during the second quarter valued at about $391,842,000. Bank of Montreal Can purchased a new position in shares of Amazon.com during the second quarter valued at about $341,933,000. Suvretta Capital Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at about $147,407,000. Finally, Manning & Napier Advisors LLC boosted its position in shares of Amazon.com by 172.7% in the second quarter. Manning & Napier Advisors LLC now owns 352,110 shares of the e-commerce giant’s stock valued at $251,975,000 after buying an additional 222,980 shares in the last quarter. 65.44% of the stock is currently owned by institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.75% during mid-day trading on Friday, hitting $835.27. The stock had a trading volume of 1,126,920 shares. The stock has a market capitalization of $395.98 billion, a P/E ratio of 207.73 and a beta of 1.11. The stock has a 50 day moving average of $777.40 and a 200-day moving average of $706.53. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $837.50.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 13.52% and a net margin of 1.60%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. On average, equities research analysts predict that Amazon.com Inc. will post $5.82 earnings per share for the current year.
Several equities analysts have issued reports on AMZN shares. Vetr cut shares of Amazon.com from a “hold” rating to a “sell” rating and set a $699.82 price objective on the stock. in a research note on Thursday, June 2nd. Sanford C. Bernstein reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, June 2nd. Robert W. Baird reissued an “outperform” rating and issued a $780.00 price objective on shares of Amazon.com in a research note on Friday, June 3rd. Cantor Fitzgerald reissued a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. Finally, Jefferies Group reissued a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. Six research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $883.63.
In related news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. 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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