Investec Asset Management PTY Ltd Purchases New Stake in Amazon.com, Inc. (AMZN)

Investec Asset Management PTY Ltd bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 607 shares of the e-commerce giant’s stock, valued at approximately $539,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. OLD Second National Bank of Aurora increased its stake in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Lipe & Dalton purchased a new position in shares of Amazon.com in the first quarter worth about $124,000. Arcadia Investment Management Corp MI grew its stake in Amazon.com by 43.7% during the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after acquiring an additional 52 shares in the last quarter. First PREMIER Bank grew its stake in Amazon.com by 8.5% during the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after acquiring an additional 15 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in Amazon.com during the first quarter valued at approximately $180,000. Hedge funds and other institutional investors own 60.80% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.31% during mid-day trading on Friday, hitting $989.16. The company had a trading volume of 2,226,841 shares. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a 50-day moving average price of $977.31 and a 200 day moving average price of $948.39. The firm has a market capitalization of $475.17 billion, a P/E ratio of 251.57 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same period last year, the firm earned $1.78 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post $3.89 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on AMZN shares. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 12th. Loop Capital restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Instinet restated a “buy” rating on shares of Amazon.com in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a report on Thursday, June 1st. Finally, Aegis reiterated a “buy” rating on shares of Amazon.com in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,094.66.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’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 sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the business’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 sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,793 shares of company stock valued at $9,574,377. Company insiders own 17.70% of the company’s stock.

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Amazon.com 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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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