Crossvault Capital Management LLC reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,227 shares of the e-commerce giant’s stock after selling 65 shares during the period. Amazon.com makes up about 4.2% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Crossvault Capital Management LLC’s holdings in Amazon.com were worth $5,887,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock worth $61,567,000 after buying an additional 20,700 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock worth $83,882,000 after buying an additional 9,640 shares in the last quarter. Prudential PLC boosted its stake in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock worth $62,771,000 after buying an additional 5,657 shares in the last quarter. Suvretta Capital Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth $147,407,000. Finally, British Columbia Investment Management Corp boosted its stake in shares of Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock worth $146,504,000 after buying an additional 2,602 shares in the last quarter. Institutional investors and hedge funds own 65.44% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.26% during mid-day trading on Friday, reaching $839.43. The company’s stock had a trading volume of 2,426,228 shares. The stock’s 50 day moving average is $789.64 and its 200 day moving average is $718.27. The company has a market cap of $397.95 billion, a price-to-earnings ratio of 208.76 and a beta of 1.20. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the 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 firm earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same period in the prior year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities research analysts predict that Amazon.com Inc. will post $5.85 EPS for the current year.
A number of brokerages recently weighed in on AMZN. Jefferies Group reiterated a “buy” rating and set a $865.00 price target on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price target for the company in a research note on Tuesday, June 28th. Morgan Stanley increased their price target on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada decreased their price target on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research note on Friday, September 16th. Finally, William Blair began coverage on shares of Amazon.com in a research note on Friday, June 10th. They set an “outperform” rating for the company. 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. The stock has an average rating of “Buy” and an average target price of $891.31.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the completion of the transaction, the insider now directly owns 55,887 shares in the company, valued at $42,528,889.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 625 shares of the stock in a transaction 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 transaction, the vice president now owns 6,519 shares of the company’s stock, valued at $5,020,281.90. 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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