Diversified Trust Co Sells 163 Shares of Amazon.com Inc. (AMZN)
Diversified Trust Co decreased its position in Amazon.com Inc. (NASDAQ:AMZN) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,152 shares of the e-commerce giant’s stock after selling 163 shares during the period. Diversified Trust Co’s holdings in Amazon.com were worth $3,687,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the period. West Oak Capital LLC boosted its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 150 shares in the last quarter. Ironwood Investment Counsel LLC bought a new stake in shares of Amazon.com during the first quarter worth about $203,000. Finally, Capital Asset Advisory Services LLC bought a new stake in shares of Amazon.com during the second quarter worth about $205,000. 65.44% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) traded up 1.00% on Friday, reaching $837.31. The company had a trading volume of 4,430,566 shares. The company has a market capitalization of $396.95 billion, a P/E ratio of 208.23 and a beta of 1.11. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $839.95. The stock’s 50-day moving average is $779.29 and its 200-day moving average is $708.41.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities research analysts forecast that Amazon.com Inc. will post $5.82 EPS for the current fiscal year.
AMZN has been the topic of a number of analyst reports. Raymond James Financial Inc. reiterated a “buy” rating and set a $770.00 price objective on shares of Amazon.com in a research note on Wednesday, June 8th. Citigroup Inc. restated a “buy” rating and issued a $780.00 price target on shares of Amazon.com in a research note on Tuesday, June 7th. Oppenheimer Holdings Inc. increased their price target on Amazon.com from $780.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, June 7th. Jefferies Group restated a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. Six analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $885.11.
In other news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 2,305 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the sale, the chief executive officer now directly owns 84,446 shares in the company, valued at $65,002,308.50. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.