Amazon.com, Inc. (AMZN) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 273,912 shares of the e-commerce giant’s stock after selling 1,129 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.06% of Amazon.com worth $265,147,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Leavell Investment Management Inc. increased its holdings in Amazon.com by 0.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after purchasing an additional 1 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after acquiring an additional 1 shares during the last quarter. Probity Advisors Inc. increased its holdings in shares of Amazon.com by 0.6% in the 2nd quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after acquiring an additional 2 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Amazon.com by 0.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after acquiring an additional 2 shares during the last quarter. Finally, Grimes & Company Inc. increased its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Grimes & Company Inc. now owns 744 shares of the e-commerce giant’s stock valued at $720,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 59.83% of the company’s stock.
In related news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the sale, the director now owns 18,460 shares in the company, valued at $20,475,832. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. Insiders have sold 397,833 shares of company stock valued at $439,137,961 over the last 90 days. Corporate insiders own 17.70% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) opened at $1,156.16 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a fifty-two week low of $736.70 and a fifty-two week high of $1,160.27. The stock has a market cap of $549,088.56, a PE ratio of 289.21, a price-to-earnings-growth ratio of 14.28 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. equities research analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
AMZN has been the subject of a number of research analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt raised Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 target price for the company in a research report on Friday, October 27th. Cowen and Company reissued an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Barclays PLC upped their target price on Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Leerink Swann reissued a “buy” rating on shares of Amazon.com in a research report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $1,160.04.
ILLEGAL ACTIVITY NOTICE: “Amazon.com, Inc. (AMZN) Shares Sold by Neuberger Berman Group LLC” was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/amazon-com-inc-amzn-shares-sold-by-neuberger-berman-group-llc/1720856.html.
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.
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.