WINTON GROUP Ltd Boosts Stake in Amazon.com, Inc. (AMZN)
WINTON GROUP Ltd boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 218.6% during the first quarter, Holdings Channel reports. The fund owned 40,954 shares of the e-commerce giant’s stock after buying an additional 28,100 shares during the period. WINTON GROUP Ltd’s holdings in Amazon.com were worth $34,291,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. OLD Second National Bank of Aurora raised its position in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Ibex Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $113,000. Lipe & Dalton purchased a new position in shares of Amazon.com during the first quarter valued at approximately $124,000. Arcadia Investment Management Corp MI raised its position in shares of Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the last quarter. Finally, D Orazio & Associates Inc. raised its position in shares of Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the last quarter. Institutional investors own 62.17% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.4604% during midday trading on Wednesday, reaching $985.2827. The company had a trading volume of 493,483 shares. The company has a market capitalization of $473.31 billion, a PE ratio of 250.5806 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The stock’s 50 day moving average is $1,000.69 and its 200 day moving average is $920.11.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $37.18 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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Several research analysts have recently commented on AMZN shares. Loop Capital reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday, April 19th. Macquarie reiterated a “buy” rating and issued a $995.00 target price on shares of Amazon.com in a research report on Tuesday, April 18th. Maxim Group reiterated a “buy” rating and issued a $1,000.00 target price (up previously from $940.00) on shares of Amazon.com in a research report on Thursday, April 20th. Instinet lifted their target price on Amazon.com from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Finally, Nomura restated a “buy” rating and set a $975.00 price objective on shares of Amazon.com in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $1,065.61.
In related news, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the transaction, the director now directly owns 20,320 shares of the company’s stock, valued at $20,320,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,890 shares of company stock valued at $10,800,023. 17.70% of the stock is owned by company 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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