HighVista Strategies LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 27.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the e-commerce giant’s stock after selling 1,200 shares during the quarter. HighVista Strategies LLC’s holdings in Amazon.com were worth $3,001,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of AMZN. Vestor Capital LLC increased its holdings in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. WealthTrust Arizona LLC increased its holdings in shares of Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $116,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Amazon.com by 560.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after buying an additional 112 shares during the last quarter. Finally, Lipe & Dalton acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $124,000. 59.77% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on AMZN shares. DA Davidson started coverage on shares of Amazon.com in a report on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 target price for the company. MKM Partners reiterated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Thursday, September 7th. Royal Bank of Canada set a $1,100.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Monday, September 11th. Barclays restated an “overweight” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, September 12th. Finally, Loop Capital began coverage on shares of Amazon.com in a research note on Tuesday, September 12th. They issued a “buy” rating and a $1,200.00 price target for the company. Four research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,237.19.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 in the last three months. Company insiders own 17.00% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) traded up $19.54 during trading hours on Tuesday, reaching $1,189.01. 2,690,000 shares of the company’s stock were exchanged, compared to its average volume of 3,310,000. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The stock has a market capitalization of $572,950.00, a P/E ratio of 300.26, a P/E/G ratio of 13.23 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $747.70 and a 12 month high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. research analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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