Waverton Investment Management Ltd Raises Position in Amazon.com Inc. (AMZN)
Waverton Investment Management Ltd increased its position in shares of Amazon.com Inc. (NASDAQ:AMZN) by 20.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,677 shares of the e-commerce giant’s stock after buying an additional 6,439 shares during the period. Amazon.com accounts for approximately 2.0% of Waverton Investment Management Ltd’s portfolio, making the stock its 19th largest position. Waverton Investment Management Ltd’s holdings in Amazon.com were worth $26,962,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions 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 valued at $108,000 after buying an additional 136 shares during the period. West Oak Capital LLC increased 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 valued at $155,000 after buying an additional 111 shares during the period. Perkins Coie Trust Co increased 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 valued at $161,000 after buying an additional 150 shares during the period. Ironwood Investment Counsel LLC acquired a new position in Amazon.com during the first quarter valued at approximately $203,000. Finally, Capital Asset Advisory Services LLC acquired a new position in Amazon.com during the second quarter valued at approximately $205,000. 65.44% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.76% on Friday, reaching $822.96. The company had a trading volume of 2,998,866 shares. The firm has a 50-day moving average of $798.20 and a 200-day moving average of $724.68. 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 $390.14 billion, a P/E ratio of 204.67 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 return on equity of 13.52% and a net margin of 1.60%. The business had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. On average, equities research analysts expect that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. JMP Securities reissued a “buy” rating on shares of Amazon.com in a research note on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and set a $840.00 price target on shares of Amazon.com in a research note on Sunday, July 17th. Deutsche Bank AG reissued a “buy” rating and set a $900.00 price target on shares of Amazon.com in a research note on Sunday, July 10th. Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $894.98.
In other news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 2,305 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was 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 owns 84,446 shares in the company, valued at approximately $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).
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