Amazon.com, Inc. (AMZN) Shares Bought by Sumway Development LTD.
Sumway Development LTD. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 116,191 shares of the e-commerce giant’s stock after buying an additional 1,500 shares during the quarter. Amazon.com makes up about 26.2% of Sumway Development LTD.’s holdings, making the stock its 3rd largest holding. Sumway Development LTD.’s holdings in Amazon.com were worth $111,700,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. boosted its holdings in shares of Amazon.com by 48.7% during the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after purchasing an additional 130 shares during the period. CI Investments Inc. boosted its holdings in shares of Amazon.com by 0.7% during the third quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after purchasing an additional 400 shares during the period. Lakeview Capital Partners LLC boosted its holdings in shares of Amazon.com by 19.6% during the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after purchasing an additional 176 shares during the period. Perpetual Ltd acquired a new stake in shares of Amazon.com during the second quarter worth approximately $25,356,000. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth approximately $871,000. 59.06% of the stock is currently owned by institutional investors and hedge funds.
AMZN has been the subject of several research reports. DZ Bank restated a “buy” rating on shares of Amazon.com in a report on Wednesday, January 24th. Monness Crespi & Hardt upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price target for the company in a report on Friday, October 27th. Citigroup restated a “buy” rating and set a $1,400.00 price target (up from $1,250.00) on shares of Amazon.com in a report on Friday, January 5th. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 price target for the company in a report on Tuesday, January 30th. Finally, Jefferies Group raised their price target on shares of Amazon.com from $1,450.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and one has given a strong buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average target price of $1,437.43.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. equities research analysts forecast that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
In other Amazon.com news, Director Tom A. Alberg sold 870 shares of the business’s stock in a transaction 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 sale, the director now owns 17,949 shares of the company’s stock, valued at approximately $20,641,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders sold a total of 4,505 shares of company stock worth $5,253,740 in 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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