Chase Investment Counsel Corp continued to hold its position in shares of Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 541 shares of the e-commerce giant’s stock at the end of the second quarter. Chase Investment Counsel Corp’s holdings in Amazon.com were worth $387,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Kistler Tiffany Companies LLC increased its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. West Oak Capital LLC increased its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. Perkins Coie Trust Co increased its position in shares of Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 150 shares during the last quarter. Ironwood Investment Counsel LLC bought a new position in shares of Amazon.com during the first quarter worth about $203,000. Finally, Capital Asset Advisory Services LLC bought a new position in shares of Amazon.com during the second quarter worth about $205,000. 65.44% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Inc. (NASDAQ:AMZN) traded up 1.24% on Wednesday, hitting $844.36. The stock had a trading volume of 3,469,055 shares. The firm has a market cap of $400.29 billion, a PE ratio of 209.99 and a beta of 1.20. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $845.67. The company’s 50 day moving average is $785.29 and its 200 day moving average is $715.33.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities research analysts expect that Amazon.com Inc. will post $5.82 EPS for the current fiscal year.
A number of brokerages have issued reports on AMZN. Jefferies Group reissued a “buy” rating and set a $865.00 price objective on shares of Amazon.com in a research report on Monday, June 27th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price on the stock in a research report on Tuesday, June 28th. Morgan Stanley upped their target price on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada reduced their target price on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. Finally, William Blair started coverage on shares of Amazon.com in a research report on Friday, June 10th. They issued an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $889.55.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. 17.70% of the stock is owned by 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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