Amazon.com, Inc. (AMZN) Holdings Raised by Advisory Services Network LLC
Advisory Services Network LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,776 shares of the e-commerce giant’s stock after acquiring an additional 329 shares during the quarter. Amazon.com accounts for about 1.2% of Advisory Services Network LLC’s portfolio, making the stock its 4th largest position. Advisory Services Network LLC’s holdings in Amazon.com were worth $9,463,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Afam Capital Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $466,000. Beaton Management Co. Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $964,000. North Star Asset Management Inc. lifted its position in shares of Amazon.com by 3.7% in the 2nd quarter. North Star Asset Management Inc. now owns 478 shares of the e-commerce giant’s stock worth $463,000 after purchasing an additional 17 shares during the period. Raab & Moskowitz Asset Management LLC lifted its position in shares of Amazon.com by 2.9% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 1,538 shares of the e-commerce giant’s stock worth $1,471,000 after purchasing an additional 44 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $121,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on AMZN. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price target on the stock in a research report on Wednesday, November 29th. SunTrust Banks restated a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a research report on Monday, October 2nd. Wells Fargo & Company restated a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. Barclays restated an “overweight” rating and issued a $1,210.00 price target (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Finally, Citigroup reiterated a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and fifty have issued a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average price target of $1,219.02.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s revenue was up 33.7% compared to the same quarter last year. equities analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.
In related news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 402,338 shares of company stock valued at $444,391,701. Company 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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