Tower Research Capital LLC TRC boosted its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 338.1% during the second quarter, Holdings Channel reports. The firm owned 5,082 shares of the e-commerce giant’s stock after buying an additional 3,922 shares during the period. Tower Research Capital LLC TRC’s holdings in Amazon.com were worth $3,637,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock valued at $17,028,804,000 after buying an additional 1,082,051 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $479,380,000. Societe Generale purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $391,842,000. Bank of Montreal Can purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $341,933,000. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $147,407,000. Institutional investors and hedge funds own 65.44% of the company’s stock.
Shares of Amazon.com Inc. (NASDAQ:AMZN) opened at 837.31 on Monday. The company has a 50-day moving average of $779.29 and a 200 day moving average of $708.41. Amazon.com Inc. has a 52-week low of $474.00 and a 52-week high of $839.95. The firm has a market cap of $396.95 billion, a P/E ratio of 208.23 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last released 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. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same quarter in the previous year, the company posted $0.19 EPS. Amazon.com’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities analysts expect that Amazon.com Inc. will post $5.82 earnings per share for the current year.
AMZN has been the subject of several research analyst reports. Bank of America Corp. restated a “buy” rating and issued a $860.00 price target on shares of Amazon.com in a research report on Monday, August 15th. KeyCorp reiterated an “overweight” rating and issued a $847.00 target price on shares of Amazon.com in a research report on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a research report on Friday, July 8th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $960.00 target price (up previously from $900.00) on shares of Amazon.com in a research report on Monday, September 26th. Seven equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $885.11.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares in the company, valued at $5,020,281.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the completion of the sale, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
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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