Amazon.com, Inc. (AMZN) Shares Sold by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,082 shares of the e-commerce giant’s stock after selling 5,669 shares during the period. Amazon.com accounts for about 1.6% of Tocqueville Asset Management L.P.’s holdings, making the stock its 3rd biggest holding. Tocqueville Asset Management L.P.’s holdings in Amazon.com were worth $134,631,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. WealthTrust Arizona LLC raised its position in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $116,000. Farmers & Merchants Investments Inc. raised its position in shares of Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after buying an additional 112 shares during the last quarter. Lipe & Dalton acquired a new stake in shares of Amazon.com in the first quarter valued at about $124,000. Finally, 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. Institutional investors and hedge funds own 60.54% of the company’s stock.
Amazon.com, Inc. (AMZN) opened at $1,129.17 on Tuesday. The company has a market capitalization of $542,274.88, a price-to-earnings ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a fifty-two week low of $710.10 and a fifty-two week high of $1,139.90.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. sell-side analysts predict that Amazon.com, Inc. will post 4.26 EPS for the current fiscal year.
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A number of brokerages have recently commented on AMZN. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective for the company. in a research report on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and set a $1,250.00 price objective (up from $1,200.00) on shares of Amazon.com in a research report on Friday, October 27th. SunTrust Banks, Inc. initiated coverage on shares of Amazon.com in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price objective for the company. Finally, JMP Securities restated an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,142.08.
In other news, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total value of $697,035.40. Following the transaction, the chief executive officer now directly owns 15,312 shares in the company, valued at $15,032,402.88. The disclosure for this sale can be found here. Insiders have sold 396,480 shares of company stock worth $437,036,326 over the last three months. Corporate insiders own 17.00% 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 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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