Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Markel Corp
Markel Corp increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.3% during the first quarter, Holdings Channel reports. The firm owned 59,000 shares of the e-commerce giant’s stock after buying an additional 13,000 shares during the period. Amazon.com makes up approximately 1.2% of Markel Corp’s portfolio, making the stock its 22nd largest position. Markel Corp’s holdings in Amazon.com were worth $52,306,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. Brookstone Capital Management raised its position in Amazon.com by 29.6% in the first quarter. Brookstone Capital Management now owns 434 shares of the e-commerce giant’s stock valued at $385,000 after buying an additional 99 shares during the period. Cadence Bank NA raised its position in Amazon.com by 0.8% in the first quarter. Cadence Bank NA now owns 658 shares of the e-commerce giant’s stock valued at $584,000 after buying an additional 5 shares during the period. Horseman Capital Management Ltd raised its position in Amazon.com by 54.0% in the first quarter. Horseman Capital Management Ltd now owns 11,550 shares of the e-commerce giant’s stock valued at $10,240,000 after buying an additional 4,050 shares during the period. Canada Pension Plan Investment Board raised its position in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after buying an additional 126,534 shares during the period. Finally, Garrison Bradford & Associates Inc. raised its position in Amazon.com by 7.0% in the first quarter. Garrison Bradford & Associates Inc. now owns 760 shares of the e-commerce giant’s stock valued at $674,000 after buying an additional 50 shares during the period. 62.49% of the stock is owned by institutional investors.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at 1010.04 on Tuesday. The company has a 50 day moving average of $983.46 and a 200-day moving average of $880.70. The firm has a market cap of $482.77 billion, a price-to-earnings ratio of 190.21 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,017.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.45. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The company had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post $6.69 EPS for the current year.
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Several equities analysts have recently commented on the company. TheStreet lowered Amazon.com from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Zacks Investment Research raised Amazon.com from a “strong sell” rating to a “hold” rating in a report on Monday. UBS AG reissued a “buy” rating and issued a $1,200.00 price objective (up from $1,100.00) on shares of Amazon.com in a report on Monday. Robert W. Baird reissued an “outperform” rating on shares of Amazon.com in a report on Friday. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a report on Friday. Five equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average target price of $1,022.31.
In related news, insider David Zapolsky sold 505 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total value of $478,027.95. Following the completion of the transaction, the insider now owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The sale was disclosed in a legal 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, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 80,857,196 shares of the company’s stock, valued at approximately $76,065,598,565.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,014,090 shares of company stock valued at $954,546,394. 17.70% of the stock is currently owned by insiders.
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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