Andra AP fonden lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,400 shares of the e-commerce giant’s stock after selling 1,700 shares during the period. Andra AP fonden’s holdings in Amazon.com were worth $10,067,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC grew its position in Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after acquiring an additional 2,300,593 shares during the last quarter. State Street Corp grew its position in shares of Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Amazon.com during the 1st quarter worth $157,189,000. Canada Pension Plan Investment Board grew its position in shares of Amazon.com by 75.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 277,830 shares of the e-commerce giant’s stock worth $268,939,000 after buying an additional 119,800 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Amazon.com by 16.1% during the second quarter. Prudential Financial Inc. now owns 807,885 shares of the e-commerce giant’s stock valued at $782,032,000 after purchasing an additional 112,005 shares in the last quarter. Institutional investors own 59.79% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up $10.78 during trading on Wednesday, reaching $1,152.35. The company had a trading volume of 2,844,038 shares, compared to its average volume of 3,583,288. Amazon.com, Inc. has a 52-week low of $747.70 and a 52-week high of $1,213.41. The stock has a market capitalization of $546,418.94, a P/E ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN) last posted its 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 business had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
A number of research firms have commented on AMZN. Wells Fargo & Company reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. Goldman Sachs Group reiterated a “conviction-buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research note on Wednesday, August 9th. Cowen reiterated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Finally, JMP Securities restated a “buy” rating on shares of Amazon.com in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and fifty have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,210.68.
In other Amazon.com news, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the sale, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 870 shares of Amazon.com stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the completion of the sale, the director now owns 17,949 shares in the company, valued at approximately $20,641,350. The disclosure for this sale can be found here. Insiders sold 399,538 shares of company stock worth $441,142,749 in the last 90 days. Company insiders own 17.00% of the company’s stock.
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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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