Redwood Investments LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,437 shares of the e-commerce giant’s stock after selling 2,876 shares during the period. Amazon.com accounts for approximately 1.9% of Redwood Investments LLC’s portfolio, making the stock its 4th largest holding. Redwood Investments LLC’s holdings in Amazon.com were worth $18,815,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Clear Investment Research LLC increased its position in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the last quarter. WealthTrust Arizona LLC increased its position in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in Amazon.com during the second quarter worth approximately $116,000. Lipe & Dalton acquired a new position in Amazon.com during the first quarter worth approximately $124,000. Finally, Farmers & Merchants Investments Inc. increased its position in Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares during the last quarter. 60.54% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on AMZN. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $1,275.00 price target on shares of Amazon.com in a research report on Wednesday, August 9th. Cowen and Company reaffirmed an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,200.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,142.08.
Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,125.35 on Monday. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,135.54. The company has a market cap of $542,274.88, a P/E ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts forecast that Amazon.com, Inc. will post 4.26 EPS for the current year.
In related news, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders have sold 401,343 shares of company stock worth $441,838,533 in the last ninety days. 17.00% of the stock is currently owned by insiders.
Amazon.com Company Profile
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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