NGAM Advisors L.P. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,163 shares of the e-commerce giant’s stock after buying an additional 3,407 shares during the period. Amazon.com accounts for 1.8% of NGAM Advisors L.P.’s portfolio, making the stock its largest position. NGAM Advisors L.P.’s holdings in Amazon.com were worth $169,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Clear Investment Research LLC increased its stake in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC increased its stake in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the second quarter valued at approximately $116,000. Lipe & Dalton bought a new position in shares of Amazon.com during the first quarter valued at approximately $124,000. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares in the last quarter. 60.73% of the stock is owned by institutional investors.
AMZN has been the subject of a number of analyst reports. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price for the company. in a research note on Tuesday, July 18th. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research note on Monday, August 28th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,200.00 price target on shares of Amazon.com in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-eight have given a buy rating and one has assigned a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,121.04.
In related news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,873,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock worth $8,874,850 over the last 90 days. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) opened at 1007.174 on Tuesday. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm has a market capitalization of $483.83 billion, a PE ratio of 256.148 and a beta of 1.47. The firm’s 50-day moving average is $972.28 and its 200-day moving average is $968.09.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post $3.59 earnings per share for the current year.
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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