Investec Asset Management North America Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,672 shares of the e-commerce giant’s stock after selling 31 shares during the period. Investec Asset Management North America Inc.’s holdings in Amazon.com were worth $1,482,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Union Bankshares Corp purchased a new position in shares of Amazon.com in the first quarter worth about $214,000. Dynamic Advisors Solutions LLC grew its stake in Amazon.com by 22.2% during the first quarter. Dynamic Advisors Solutions LLC now owns 1,366 shares of the e-commerce giant’s stock valued at $1,211,000 after acquiring an additional 248 shares in the last quarter. Lynch & Associates IN purchased a new position in Amazon.com during the first quarter valued at approximately $225,000. Koshinski Asset Management Inc. grew its stake in Amazon.com by 614.0% during the first quarter. Koshinski Asset Management Inc. now owns 1,528 shares of the e-commerce giant’s stock valued at $1,355,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Amazon.com by 4.0% during the first quarter. Quadrant Capital Group LLC now owns 1,664 shares of the e-commerce giant’s stock valued at $1,464,000 after acquiring an additional 64 shares in the last quarter. 60.80% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.31% on Friday, hitting $989.16. The stock had a trading volume of 2,226,841 shares. The company’s 50 day moving average is $977.31 and its 200 day moving average is $948.39. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm has a market cap of $475.17 billion, a PE 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 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post $3.89 EPS for the current fiscal year.
AMZN has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 12th. Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Friday, May 19th. Finally, Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. One research 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,094.66.
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In related 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 value of $2,674,560.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,852,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,793 shares of company stock worth $9,574,377. Insiders own 17.70% of the company’s stock.
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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