Amazon.com, Inc. (AMZN) Stake Lifted by St. Johns Investment Management Company LLC
St. Johns Investment Management Company LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 39.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,019 shares of the e-commerce giant’s stock after purchasing an additional 286 shares during the period. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $986,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of AMZN. State Street Corp raised its position in 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 valued at $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Amazon.com by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock worth $1,795,028,000 after buying an additional 22,032 shares during the period. American Century Companies Inc. lifted its holdings in Amazon.com by 0.5% in the 1st quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after buying an additional 8,704 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Amazon.com by 2.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock worth $1,121,373,000 after buying an additional 29,920 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Amazon.com by 11.9% in the 1st quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock worth $783,286,000 after buying an additional 93,757 shares during the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.
Several equities analysts have recently issued reports on the company. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Cowen and Company reaffirmed an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Zacks Investment Research cut shares of Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Barclays PLC lifted their price target on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,106.85.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock valued at $8,874,850 over the last ninety days. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (AMZN) traded up 0.56% during mid-day trading on Wednesday, reaching $962.45. 1,597,018 shares of the company were exchanged. The stock has a market capitalization of $462.34 billion, a price-to-earnings ratio of 244.77 and a beta of 1.47. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The stock’s 50-day moving average price is $965.72 and its 200-day moving average price is $960.16.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post $3.66 EPS for the current fiscal year.
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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