Piedmont Investment Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,512 shares of the e-commerce giant’s stock after buying an additional 1,011 shares during the period. Amazon.com makes up about 2.0% of Piedmont Investment Advisors LLC’s portfolio, making the stock its 4th biggest holding. Piedmont Investment Advisors LLC’s holdings in Amazon.com were worth $95,666,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in AMZN. Day & Ennis LLC increased its holdings in shares of Amazon.com by 21.3% in the 2nd quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock valued at $270,000 after acquiring an additional 49 shares during the period. Beach Investment Management LLC. lifted its holdings in shares of Amazon.com by 996.3% in the 2nd quarter. Beach Investment Management LLC. now owns 22,035 shares of the e-commerce giant’s stock valued at $21,330,000 after buying an additional 20,025 shares during the period. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 1,790,451 shares of the e-commerce giant’s stock valued at $1,733,174,000 after buying an additional 66,086 shares during the period. Camden National Bank purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $250,000. Finally, GW Henssler & Associates Ltd. increased its stake in shares of Amazon.com by 39.0% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 321 shares of the e-commerce giant’s stock valued at $311,000 after purchasing an additional 90 shares in the last quarter. 60.22% of the stock is owned by institutional investors.
Several equities research analysts have commented on AMZN shares. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective for the company in a research note on Wednesday, November 29th. Jefferies Group reiterated a “buy” rating and issued a $1,850.00 price objective on shares of Amazon.com in a report on Tuesday. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a research note on Monday, December 4th. Oppenheimer restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Finally, Macquarie restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $1,475.28.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 250 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $1,518.47, for a total transaction of $379,617.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,714 shares of company stock valued at $8,462,195. 17.00% of the stock is owned by insiders.
Shares of Amazon.com, Inc. (AMZN) traded up $6.24 on Wednesday, hitting $1,594.42. 3,666,673 shares of the stock traded hands, compared to its average volume of 5,704,042. Amazon.com, Inc. has a 52 week low of $833.50 and a 52 week high of $1,617.54. The firm has a market cap of $770,960.00, a price-to-earnings ratio of 347.51, a price-to-earnings-growth ratio of 7.03 and a beta of 1.54. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion for 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%. Amazon.com’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 EPS. research analysts anticipate that Amazon.com, Inc. will post 8.49 EPS 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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