Amazon.com, Inc. (AMZN) Shares Bought by Nicholas Investment Partners LP
Nicholas Investment Partners LP increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,344 shares of the e-commerce giant’s stock after buying an additional 1,709 shares during the period. Nicholas Investment Partners LP’s holdings in Amazon.com were worth $4,738,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora boosted 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 worth $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of Amazon.com during the fourth quarter worth about $113,000. Lipe & Dalton acquired a new position in shares of Amazon.com during the first quarter worth about $124,000. Arcadia Investment Management Corp MI boosted 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 worth $152,000 after buying an additional 52 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted 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 worth $161,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 62.17% of the company’s stock.
Amazon.com, Inc. (AMZN) traded down 1.37% during mid-day trading on Thursday, reaching $968.59. The company had a trading volume of 1,450,856 shares. The firm has a market capitalization of $465.29 billion, a PE ratio of 246.34 and a beta of 1.48. The stock’s 50-day moving average price is $1,000.36 and its 200 day moving average price is $924.78. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released 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. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post $3.83 EPS for the current year.
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A number of equities analysts have recently issued reports on the stock. UBS AG cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research note on Wednesday. Mizuho restated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a research note on Monday. Piper Jaffray Companies restated an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday. Finally, Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,065.61.
In related news, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total value of $3,878,920.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,697,300. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. In the last 90 days, 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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