Pillar Pacific Capital Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,102 shares of the e-commerce giant’s stock after buying an additional 81 shares during the period. Amazon.com accounts for 1.4% of Pillar Pacific Capital Management LLC’s holdings, making the stock its 4th largest position. Pillar Pacific Capital Management LLC’s holdings in Amazon.com were worth $9,843,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AMZN. Bridgeworth LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $390,000. Cigna Investments Inc. New acquired a new stake in Amazon.com during the fourth quarter worth $11,707,000. Stockbridge Partners LLC boosted its stake in Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock worth $89,895,000 after buying an additional 62,312 shares in the last quarter. Hengehold Capital Management LLC boosted its stake in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares in the last quarter. Finally, Boston Advisors LLC boosted its stake in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after buying an additional 10,014 shares in the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.08% during trading on Wednesday, hitting $983.54. 1,537,413 shares of the company’s stock were exchanged. The company has a 50-day moving average of $997.21 and a 200-day moving average of $929.59. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company has a market cap of $472.47 billion, a P/E ratio of 250.14 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) 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 business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the company earned $1.78 EPS. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Deutsche Bank AG lifted their price objective on Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Robert W. Baird reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Amazon.com in a research note on Monday, May 1st. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Raymond James Financial, Inc. lowered Amazon.com from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Amazon.com in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and an average target price of $1,073.48.
In other news, Director Tom A. Alberg sold 800 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the sale, the director now owns 20,320 shares of the company’s stock, valued at $20,320,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,852,500. The disclosure for this sale can be found here. Insiders sold 10,890 shares of company stock valued at $10,800,023 in the last three months. 17.70% of the stock is currently owned by insiders.
Amazon.com Company 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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