Amazon.com, Inc. (AMZN) Shares Sold by Oak Associates Ltd. OH
Oak Associates Ltd. OH lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,528 shares of the e-commerce giant’s stock after selling 1,024 shares during the period. Amazon.com makes up 4.5% of Oak Associates Ltd. OH’s holdings, making the stock its 2nd biggest position. Oak Associates Ltd. OH’s holdings in Amazon.com were worth $59,559,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AMZN. Reinhart Partners Inc. raised its holdings in shares of Amazon.com by 66.8% during the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 316 shares during the last quarter. WealthTrust Fairport LLC grew its position in Amazon.com by 18.4% during the first quarter. WealthTrust Fairport LLC now owns 5,962 shares of the e-commerce giant’s stock valued at $5,286,000 after buying an additional 926 shares during the period. Rhumbline Advisers grew its position in Amazon.com by 1.1% during the first quarter. Rhumbline Advisers now owns 635,236 shares of the e-commerce giant’s stock valued at $563,162,000 after buying an additional 7,068 shares during the period. CT Mason acquired a new stake in Amazon.com during the first quarter valued at $3,508,000. Finally, Brick & Kyle Associates grew its position in Amazon.com by 1.7% during the first quarter. Brick & Kyle Associates now owns 4,325 shares of the e-commerce giant’s stock valued at $3,834,000 after buying an additional 72 shares during the period. 59.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,174.26 on Friday. The stock has a market cap of $560,960.00, a P/E ratio of 295.71, a PEG ratio of 13.18 and a beta of 1.46. Amazon.com, Inc. has a 52 week low of $747.70 and a 52 week high of $1,213.41. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations 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 was up 33.7% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. sell-side analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
Several analysts recently commented on AMZN shares. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a research report on Friday, October 27th. Leerink Swann restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 30th. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. Four research analysts have rated the stock with a hold rating and fifty have given a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,219.02.
In related news, Director Tom A. Alberg sold 870 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the completion of the transaction, the director now owns 17,949 shares in the company, valued at $20,641,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares of the company’s stock, valued at approximately $20,475,832. The disclosure for this sale can be found here. Insiders sold a total of 402,338 shares of company stock worth $444,391,701 over the last three months. Insiders own 17.70% of the company’s stock.
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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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