Heritage Investors Management Corp Sells 39 Shares of Amazon.com, Inc. (AMZN)
Heritage Investors Management Corp decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,626 shares of the e-commerce giant’s stock after selling 39 shares during the quarter. Heritage Investors Management Corp’s holdings in Amazon.com were worth $1,574,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AMZN. State Street Corp raised its stake in shares of 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 acquiring an additional 186,756 shares during the period. Fisher Asset Management LLC raised its stake in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after acquiring an additional 22,032 shares during the period. American Century Companies Inc. raised its stake in shares of Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after acquiring an additional 8,704 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Amazon.com by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock valued at $1,121,373,000 after acquiring an additional 29,920 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of 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 acquiring an additional 93,757 shares during the period. 60.76% of the stock is currently owned by institutional investors.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. Insiders sold a total of 9,793 shares of company stock worth $9,574,377 in the last three months. Company insiders own 17.70% of the company’s stock.
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Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.99% during mid-day trading on Friday, reaching $955.10. The company’s stock had a trading volume of 2,641,787 shares. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a 50 day moving average price of $973.80 and a 200-day moving average price of $952.61. The company has a market capitalization of $458.81 billion, a PE ratio of 242.90 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post $3.68 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on AMZN shares. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Cowen and Company reissued an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Deutsche Bank AG reissued a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Zacks Investment Research downgraded shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Barclays PLC increased their target price on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,101.25.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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