Dock Street Asset Management Inc. Increases Position in Amazon.com Inc. (AMZN)
Dock Street Asset Management Inc. raised its stake in Amazon.com Inc. (NASDAQ:AMZN) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 9,966 shares of the e-commerce giant’s stock after buying an additional 157 shares during the period. Amazon.com comprises about 6.3% of Dock Street Asset Management Inc.’s holdings, making the stock its 6th largest position. Dock Street Asset Management Inc.’s holdings in Amazon.com were worth $7,132,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Kistler Tiffany Companies LLC raised its stake 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 valued at $108,000 after buying an additional 136 shares in the last quarter. West Oak Capital LLC raised its position in 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 during the period. Perkins Coie Trust Co raised its position in 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 during the period. Ironwood Investment Counsel LLC purchased a new position in Amazon.com during the first quarter worth about $203,000. Finally, Capital Asset Advisory Services LLC purchased a new position in Amazon.com during the second quarter worth about $205,000. Institutional investors and hedge funds own 65.44% of the company’s stock.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.26% during mid-day trading on Friday, reaching $839.43. The company had a trading volume of 2,426,228 shares. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21. The stock has a market capitalization of $397.95 billion, a P/E ratio of 208.76 and a beta of 1.20. The firm’s 50 day moving average is $789.64 and its 200-day moving average is $718.27.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. During the same period last year, the firm posted $0.19 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. On average, analysts expect that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
AMZN has been the topic of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of Amazon.com in a report on Monday, June 27th. Wedbush restated an “outperform” rating and issued a $900.00 target price on shares of Amazon.com in a report on Friday, September 30th. Piper Jaffray Cos. restated a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a report on Sunday, July 31st. Pacific Crest restated a “buy” rating and issued a $820.00 target price on shares of Amazon.com in a report on Friday, July 15th. Finally, Bank of America Corp. restated a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a report on Sunday, July 17th. Five analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $891.31.
In other news, VP Shelley Reynolds sold 625 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now owns 6,519 shares in the company, valued at $5,020,281.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by 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).
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