Amazon.com, Inc. (AMZN) Position Maintained by Beck Mack & Oliver LLC
Beck Mack & Oliver LLC held its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 510 shares of the e-commerce giant’s stock at the close of the 2nd quarter. Beck Mack & Oliver LLC’s holdings in Amazon.com were worth $494,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its position in Amazon.com by 1.1% in the 1st 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. Karp Capital Management Corp purchased a new stake in Amazon.com during the 1st quarter valued at approximately $157,189,000. Canada Pension Plan Investment Board raised its stake in Amazon.com by 401.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after acquiring an additional 126,534 shares during the last quarter. Clearbridge Investments LLC raised its stake in Amazon.com by 11.9% during the 1st 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 last quarter. Finally, Bank of Nova Scotia raised its stake in Amazon.com by 893.7% during the 1st quarter. Bank of Nova Scotia now owns 91,200 shares of the e-commerce giant’s stock valued at $80,853,000 after acquiring an additional 82,022 shares during the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at 961.35 on Monday. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a market capitalization of $461.81 billion, a price-to-earnings ratio of 244.49 and a beta of 1.47. The firm’s 50-day moving average price is $973.80 and its 200-day moving average price is $952.61.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post $3.65 earnings per share for the current year.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock valued at $8,874,850 in the last ninety days. Insiders own 17.70% of the company’s stock.
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Several research analysts have weighed in on AMZN shares. Instinet lowered their target price on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Friday, June 16th. Loop Capital reissued a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price target for the company. in a research note on Tuesday, July 18th. Royal Bank Of Canada set a $1,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Monday, September 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,107.47.
Amazon.com Company Profile
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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