Two Sigma Securities LLC Purchases Shares of 2,850 Amazon.com, Inc. (NASDAQ:AMZN)
Two Sigma Securities LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, Holdings Channel reports. The firm purchased 2,850 shares of the e-commerce giant’s stock, valued at approximately $2,527,000. Amazon.com makes up 0.5% of Two Sigma Securities LLC’s investment portfolio, making the stock its 24th largest position.
A number of other institutional investors have also added to or reduced their stakes in AMZN. Baltimore Washington Financial Advisors Inc. acquired a new position in Amazon.com during the fourth quarter worth approximately $23,951,000. OLD Second National Bank of Aurora raised its position in 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 Amazon.com during the fourth quarter worth approximately $113,000. Lipe & Dalton acquired a new position in Amazon.com during the first quarter worth approximately $124,000. Finally, Arcadia Investment Management Corp MI raised its position in 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. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up 1.16% during midday trading on Friday, hitting $967.99. The stock had a trading volume of 3,468,017 shares. The firm has a market cap of $465.00 billion, a price-to-earnings ratio of 246.18 and a beta of 1.48. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock’s 50 day moving average price is $998.12 and its 200 day moving average price is $926.08.
Amazon.com (NASDAQ:AMZN) last posted 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 company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
A number of equities analysts recently commented on the stock. UBS AG lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. Cowen and Company reaffirmed an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research report on Thursday. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Wednesday. Mizuho reissued a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a report on Monday, August 7th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $1,200.00 target price on shares of Amazon.com in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,065.61.
In other news, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the transaction, the director now directly owns 20,320 shares of the company’s stock, valued at approximately $20,320,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following 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 ninety days, insiders have sold 10,890 shares of company stock worth $10,800,023. Insiders own 17.70% of the company’s stock.
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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