Round Table Services LLC Acquires 11 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Round Table Services LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 730 shares of the e-commerce giant’s stock after purchasing an additional 11 shares during the quarter. Round Table Services LLC’s holdings in Amazon.com were worth $1,382,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Signet Investment Advisory Group Inc. purchased a new position in Amazon.com in the 4th quarter worth about $33,000. Financial Advantage Inc. purchased a new position in Amazon.com in the 4th quarter worth about $45,000. O Brien Wealth Partners LLC increased its stake in Amazon.com by 104.8% in the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after buying an additional 22 shares during the period. Mascoma Wealth Management LLC increased its stake in Amazon.com by 15.6% in the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in Amazon.com by 20.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 55.51% of the company’s stock.
AMZN has been the topic of several recent research reports. Mizuho increased their target price on shares of Proofpoint from $120.00 to $128.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley set a $70.00 target price on shares of Edison International and gave the stock a “hold” rating in a report on Monday, July 15th. CIBC increased their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Bank of America reiterated a “buy” rating and set a $165.00 target price (up from $158.00) on shares of Universal Health Services in a report on Friday. Finally, Deutsche Bank cut shares of from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $2,248.39.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 27.68%. The firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the business posted $5.07 earnings per share. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 26.46 earnings per share for the current year.
In other news, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total value of $696,723.28. Following the sale, the vice president now directly owns 6,307 shares in the company, valued at approximately $11,594,284.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 18,993 shares of company stock worth $36,698,207 over the last 90 days. Company insiders own 16.10% of the company’s stock.
Amazon.com Company Profile
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 third-party sellers through physical stores and online stores.
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