Johnson Financial Group LLC Has $377,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)
Johnson Financial Group LLC held its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 390 shares of the e-commerce giant’s stock at the end of the second quarter. Amazon.com makes up about 0.3% of Johnson Financial Group LLC’s holdings, making the stock its 22nd largest position. Johnson Financial Group LLC’s holdings in Amazon.com were worth $377,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Amazon.com during the fourth quarter valued at approximately $2,736,365,000. State Street Corp boosted its stake in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the period. Karp Capital Management Corp acquired a new stake in Amazon.com during the first quarter valued at approximately $157,189,000. Canada Pension Plan Investment Board boosted its stake 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, Clearbridge Investments LLC boosted its stake in Amazon.com by 11.9% in the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after buying an additional 93,757 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) traded up 0.07% during mid-day trading on Friday, hitting $987.58. The stock had a trading volume of 2,730,308 shares. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm has a 50 day moving average price of $999.29 and a 200 day moving average price of $918.57. The firm has a market cap of $474.41 billion, a PE ratio of 251.16 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the prior year, the firm posted $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post $3.84 EPS for the current year.
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Several equities research analysts recently commented on AMZN shares. Loop Capital reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Wednesday, April 19th. Macquarie reaffirmed a “buy” rating and set a $995.00 price objective on shares of Amazon.com in a research report on Tuesday, April 18th. Needham & Company LLC raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,000.00 price objective on the stock in a research report on Monday, April 10th. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $931.83 price objective on the stock in a research report on Monday, April 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $900.00 price objective on shares of Amazon.com in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,058.27.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total value of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 735 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $952.80, for a total value of $700,308.00. Following the completion of the sale, the director now directly owns 21,120 shares in the company, valued at approximately $20,123,136. The disclosure for this sale can be found here. Insiders sold a total of 12,915 shares of company stock worth $12,698,264 in the last ninety days. 17.70% of the stock is owned by corporate 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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