Amazon.com Inc. (AMZN) Position Decreased by Capital World Investors
Capital World Investors decreased its position in shares of Amazon.com Inc. (NASDAQ:AMZN) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,127,388 shares of the e-commerce giant’s stock after selling 1,242,341 shares during the period. Amazon.com comprises about 3.9% of Capital World Investors’ portfolio, making the stock its 2nd largest position. Capital World Investors owned about 4.25% of Amazon.com worth $14,403,561,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Pathstone Family Office LLC increased its position in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management purchased a new position in shares of Amazon.com during the second quarter valued at $109,000. West Oak Capital LLC increased its position 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 valued at $155,000 after buying an additional 111 shares in the last quarter. Finally, Hallmark Capital Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at $157,000. 65.44% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) opened at 836.74 on Tuesday. The firm’s 50-day moving average is $781.12 and its 200 day moving average is $712.35. The firm has a market cap of $396.68 billion, a PE ratio of 208.09 and a beta of 1.19. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $839.95.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $29.54 billion. During the same period last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Equities research analysts predict that Amazon.com Inc. will post $5.82 EPS for the current year.
Several research analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $865.00 target price on shares of Amazon.com in a report on Monday, June 27th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective for the company in a report on Tuesday, June 28th. Royal Bank Of Canada dropped their price objective on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a report on Friday, September 16th. William Blair began coverage on shares of Amazon.com in a report on Friday, June 10th. They set an “outperform” rating for the company. Finally, Evercore ISI reissued a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Seven equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $885.11.
In related news, CEO Andrew R. Jassy sold 2,305 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the sale, the chief executive officer now directly owns 84,446 shares of the company’s stock, valued at $65,002,308.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com Company Profile
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).
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.