Fiduciary Trust Co. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,442 shares of the e-commerce giant’s stock after buying an additional 635 shares during the period. Amazon.com accounts for 0.9% of Fiduciary Trust Co.’s holdings, making the stock its 26th biggest position. Fiduciary Trust Co.’s holdings in Amazon.com were worth $30,226,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares during the period. BlackRock Inc. raised its position in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares during the last quarter. Capital Research Global Investors raised its position in shares of Amazon.com by 0.4% in the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Amazon.com by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after buying an additional 46,800 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its position in shares of Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares during the last quarter. 59.49% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc. (NASDAQ:AMZN) traded down $10.90 during midday trading on Friday, hitting $1,339.60. 14,126,815 shares of the stock traded hands, compared to its average volume of 5,380,000. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com, Inc. has a twelve month low of $819.71 and a twelve month high of $1,498.00. The stock has a market capitalization of $645,520.00, a price-to-earnings ratio of 217.12, a price-to-earnings-growth ratio of 6.23 and a beta of 1.63.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 earnings per share. analysts forecast that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
In related news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were 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. In the last ninety days, insiders sold 9,368 shares of company stock worth $10,726,970. 17.70% of the stock is owned by corporate insiders.
AMZN has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. Loop Capital set a $1,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 20th. Needham & Company LLC restated a “buy” rating and set a $1,250.00 price objective (up from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Cantor Fitzgerald raised their price objective on shares of Amazon.com to $1,360.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr cut shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price objective for the company. in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,436.97.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2018/02/10/amazon-com-inc-amzn-stake-increased-by-fiduciary-trust-co.html.
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.
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.