Private Advisor Group LLC cut its position in Amazon.com Inc. (NASDAQ:AMZN) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,114 shares of the e-commerce giant’s stock after selling 503 shares during the period. Private Advisor Group LLC’s holdings in Amazon.com were worth $12,610,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Kistler Tiffany Companies LLC increased its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. West Oak Capital LLC increased its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the last quarter. Hallmark Capital Management Inc. purchased a new position in Amazon.com during the second quarter valued at approximately $157,000. Perkins Coie Trust Co increased its position in Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 150 shares during the last quarter. Finally, Buffington Mohr McNeal increased its position in Amazon.com by 11.3% in the second quarter. Buffington Mohr McNeal now owns 247 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 65.44% of the company’s stock.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 1.64% on Tuesday, reaching $812.23. 1,576,237 shares of the company’s stock were exchanged. The firm has a market capitalization of $385.06 billion, a P/E ratio of 202.00 and a beta of 1.11. Amazon.com Inc. has a one year low of $474.00 and a one year high of $812.45. The firm has a 50 day moving average of $772.53 and a 200 day moving average of $702.97.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.19 EPS. On average, equities research analysts predict that Amazon.com Inc. will post $5.81 EPS for the current year.
Several equities analysts recently commented on the company. Jefferies Group reiterated a “buy” rating and issued a $865.00 price objective on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective on the stock in a research note on Tuesday, June 28th. Royal Bank Of Canada dropped their price objective on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research note on Friday, September 16th. William Blair assumed coverage on Amazon.com in a research note on Friday, June 10th. They issued an “outperform” rating on the stock. Finally, Evercore ISI reissued a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Six analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $872.04.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the sale, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.
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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