Amazon.com, Inc. (AMZN) Shares Sold by Garde Capital Inc.
Garde Capital Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,852 shares of the e-commerce giant’s stock after selling 279 shares during the period. Garde Capital Inc.’s holdings in Amazon.com were worth $1,642,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter worth approximately $2,736,365,000. State Street Corp increased its position in shares of Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Amazon.com during the first quarter worth approximately $157,189,000. Canada Pension Plan Investment Board increased its position in shares of Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock worth $140,100,000 after buying an additional 126,534 shares in the last quarter. Finally, Capital Guardian Trust Co. increased its position in shares of Amazon.com by 53.5% in the fourth quarter. Capital Guardian Trust Co. now owns 235,641 shares of the e-commerce giant’s stock worth $176,700,000 after buying an additional 82,121 shares in the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.16% on Tuesday, hitting $984.85. 1,153,708 shares of the company were exchanged. The company has a 50-day moving average price of $997.53 and a 200 day moving average price of $928.53. The firm has a market cap of $473.10 billion, a P/E ratio of 250.47 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
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AMZN has been the topic of a number of research analyst reports. J P Morgan Chase & Co restated a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Robert W. Baird upgraded shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Royal Bank Of Canada dropped their target price on shares of Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating on the stock in a research note on Monday, May 1st. Vetr upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price on the stock in a research note on Monday, July 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a $1,200.00 target price (down from $1,220.00) on shares of Amazon.com in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,065.61.
In other news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,873,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The disclosure for this sale can be found here. Insiders sold 10,890 shares of company stock worth $10,800,023 in the last 90 days. 17.70% of the stock is currently owned by insiders.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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