Ogorek Anthony Joseph NY ADV Has $244,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Ogorek Anthony Joseph NY ADV boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 69.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 144 shares of the e-commerce giant’s stock after purchasing an additional 59 shares during the period. Amazon.com comprises approximately 0.2% of Ogorek Anthony Joseph NY ADV’s portfolio, making the stock its 21st largest position. Ogorek Anthony Joseph NY ADV’s holdings in Amazon.com were worth $244,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of AMZN. Guidant Wealth Advisors increased its stake in shares of Amazon.com by 657.4% during the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after acquiring an additional 355 shares during the period. Taylor Hoffman Wealth Management acquired a new position in shares of Amazon.com during the fourth quarter worth about $108,000. Santori & Peters Inc. acquired a new position in Amazon.com during the fourth quarter worth about $121,000. Lee Financial Co grew its position in Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after buying an additional 54 shares during the period. Finally, Point72 Asia Hong Kong Ltd acquired a new position in Amazon.com during the first quarter worth about $145,000. Institutional investors and hedge funds own 57.36% of the company’s stock.
Several research analysts have weighed in on the stock. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. BidaskClub downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 price objective on the stock in a research note on Tuesday, July 31st. Finally, ValuEngine downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $2,005.64.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. Amazon.com’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 17.78 EPS for the current year.
In other news, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the transaction, the director now owns 10,752 shares of the company’s stock, valued at approximately $19,179,525.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $20,042,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is owned by corporate insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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