ClariVest Asset Management LLC increased its stake in Amazon.com Inc. (NASDAQ:AMZN) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,573 shares of the e-commerce giant’s stock after buying an additional 153 shares during the period. Amazon.com accounts for 2.1% of ClariVest Asset Management LLC’s holdings, making the stock its 4th largest position. ClariVest Asset Management LLC’s holdings in Amazon.com were worth $71,972,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AMZN. Kistler Tiffany Companies LLC raised its stake 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 period. West Oak Capital LLC raised its stake 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 period. Perkins Coie Trust Co raised its stake 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 period. Ironwood Investment Counsel LLC bought a new stake in Amazon.com during the first quarter valued at approximately $203,000. Finally, Capital Asset Advisory Services LLC bought a new stake in Amazon.com during the second quarter valued at approximately $205,000. 65.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.43% during trading on Wednesday, hitting $834.55. 1,808,441 shares of the stock traded hands. The firm has a 50 day moving average price of $794.09 and a 200-day moving average price of $723.14. The company has a market cap of $395.64 billion, a PE ratio of 207.55 and a beta of 1.20. Amazon.com Inc. has a one year low of $474.00 and a one year high of $847.21.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The company 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%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. Analysts anticipate that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
AMZN has been the topic of several analyst reports. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 target price on the stock in a report on Monday, June 20th. Pacific Crest reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 16th. KeyCorp reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, June 17th. Maxim Group began coverage on Amazon.com in a research report on Wednesday, June 22nd. They set a “buy” rating and a $825.00 price target on the stock. Finally, Brean Capital began coverage on Amazon.com in a research report on Wednesday, June 22nd. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $891.31.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. 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 Amazon.com stock in a transaction on Thursday, August 4th. The shares were 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 directly 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. 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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