FUKOKU MUTUAL LIFE INSURANCE Co reduced its position in shares of Amazon.com Inc. (NASDAQ:AMZN) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,745 shares of the e-commerce giant’s stock after selling 200 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Amazon.com were worth $1,249,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its position in Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock valued at $61,567,000 after buying an additional 20,700 shares in the last quarter. Acadian Asset Management LLC raised its position in 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 valued at $83,882,000 after buying an additional 9,640 shares in the last quarter. Prudential PLC raised its position in Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock valued at $62,771,000 after buying an additional 5,657 shares in the last quarter. Suvretta Capital Management LLC bought a new position in Amazon.com during the first quarter valued at about $147,407,000. Finally, British Columbia Investment Management Corp raised its position in 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 valued at $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 up 0.74% on Wednesday, hitting $822.14. The stock had a trading volume of 1,825,890 shares. The company’s 50 day moving average price is $773.95 and its 200 day moving average price is $704.76. The firm has a market cap of $389.75 billion, a price-to-earnings ratio of 204.46 and a beta of 1.11. Amazon.com Inc. has a 52-week low of $474.00 and a 52-week high of $825.24.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the consensus estimate of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. Analysts expect that Amazon.com Inc. will post $5.81 EPS for the current year.
A number of analysts have recently weighed in on the company. Jefferies Group restated a “buy” rating and issued a $865.00 target price 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 target price for the company in a research note on Tuesday, June 28th. Royal Bank Of Canada lowered their target price on 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. William Blair assumed coverage on Amazon.com in a research note on Friday, June 10th. They issued an “outperform” rating for the company. Finally, Evercore ISI restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $878.06.
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 value of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares in the company, valued at approximately $42,528,889.26. 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 the stock in a transaction on Thursday, August 4th. The stock was 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 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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