Virginia Retirement Systems ET AL acquired a new stake in Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 110,900 shares of the e-commerce giant’s stock, valued at approximately $79,362,000. Amazon.com makes up about 1.2% of Virginia Retirement Systems ET AL’s investment portfolio, making the stock its 8th largest position.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Amazon.com by 11.0% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 911 shares of the e-commerce giant’s stock valued at $541,000 after buying an additional 90 shares during the period. IMS Capital Management boosted its stake in shares of Amazon.com by 1.0% in the first quarter. IMS Capital Management now owns 2,488 shares of the e-commerce giant’s stock valued at $1,477,000 after buying an additional 24 shares during the period. Douglas Lane & Associates LLC bought a new stake in shares of Amazon.com during the first quarter valued at about $681,000. Bellecapital International Ltd. boosted its stake in shares of Amazon.com by 15.0% in the first quarter. Bellecapital International Ltd. now owns 3,331 shares of the e-commerce giant’s stock valued at $1,912,000 after buying an additional 434 shares during the period. Finally, First Manhattan Co. boosted its stake in shares of Amazon.com by 1.2% in the first quarter. First Manhattan Co. now owns 2,934 shares of the e-commerce giant’s stock valued at $1,741,000 after buying an additional 36 shares during the period. 65.44% of the stock is currently owned by institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) opened at 837.31 on Friday. Amazon.com Inc. has a one year low of $474.00 and a one year high of $839.95. The company has a 50-day moving average price of $779.29 and a 200 day moving average price of $708.41. The firm has a market capitalization of $396.95 billion, a P/E ratio of 208.23 and a beta of 1.11.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping 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 net margin of 1.60% and a return on equity of 13.52%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. Analysts expect that Amazon.com Inc. will post $5.82 earnings per share for the current fiscal year.
Several brokerages have issued reports on AMZN. Wedbush reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday. JMP Securities increased their target price on Amazon.com from $840.00 to $950.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim began coverage on Amazon.com in a research report on Friday. They set a “buy” rating and a $950.00 target price on the stock. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $854.95 target price on the stock. in a research report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $885.11.
In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The disclosure for this sale can be found here. Corporate 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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