Vestmark Advisory Solutions Inc. Makes New $6.30 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Vestmark Advisory Solutions Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,230 shares of the e-commerce giant’s stock, valued at approximately $6,298,000. Amazon.com makes up approximately 1.2% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 9th largest holding.
A number of other hedge funds also recently added to or reduced their stakes in the business. M.D. Sass Investors Services Inc. grew its stake in Amazon.com by 37.5% in the 1st quarter. M.D. Sass Investors Services Inc. now owns 5,902 shares of the e-commerce giant’s stock worth $11,507,000 after buying an additional 1,610 shares in the last quarter. Family Management Corp boosted its stake in shares of Amazon.com by 1.7% in the 1st quarter. Family Management Corp now owns 3,065 shares of the e-commerce giant’s stock valued at $5,976,000 after purchasing an additional 52 shares in the last quarter. Columbia Trust Co 01012016 boosted its stake in shares of Amazon.com by 18.3% in the 1st quarter. Columbia Trust Co 01012016 now owns 744 shares of the e-commerce giant’s stock valued at $1,450,000 after purchasing an additional 115 shares in the last quarter. Rudd International Inc. boosted its stake in shares of Amazon.com by 3.0% in the 1st quarter. Rudd International Inc. now owns 785 shares of the e-commerce giant’s stock valued at $1,530,000 after purchasing an additional 23 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Amazon.com by 5.0% in the 1st quarter. Jennison Associates LLC now owns 2,740,074 shares of the e-commerce giant’s stock valued at $5,342,377,000 after purchasing an additional 129,488 shares in the last quarter. 55.68% of the stock is owned by institutional investors and hedge funds.
Shares of AMZN stock opened at $2,436.88 on Friday. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $2,525.45. The company’s 50-day moving average is $2,278.38 and its 200 day moving average is $1,975.00. The company has a market capitalization of $1,220.38 billion, a price-to-earnings ratio of 116.43, a price-to-earnings-growth ratio of 5.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08.
A number of equities research analysts have recently issued reports on AMZN shares. Aegis upped their price objective on shares of Amazon.com from $2,100.00 to $2,525.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Credit Suisse Group cut their price objective on shares of Amazon.com from $2,800.00 to $2,760.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, April 16th. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $2,650.00 to $2,800.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, BMO Capital Markets increased their price target on shares of Amazon.com from $2,650.00 to $2,850.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $2,538.89.
In related news, Director Indra K. Nooyi purchased 100 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were purchased at an average price of $1,930.41 per share, with a total value of $193,041.00. Following the acquisition, the director now directly owns 352 shares in the company, valued at approximately $679,504.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 over the last three months. 16.10% of the stock is currently owned by insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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