Amazon.com, Inc. (AMZN) Shares Sold by Reliance Trust Co. of Delaware
Reliance Trust Co. of Delaware reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,691 shares of the e-commerce giant’s stock after selling 130 shares during the period. Reliance Trust Co. of Delaware’s holdings in Amazon.com were worth $2,873,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of AMZN. Guidant Wealth Advisors lifted its stake in shares of Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at $108,000. Santori & Peters Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $121,000. Lee Financial Co lifted its stake in shares of Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after purchasing an additional 54 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com in the 1st quarter valued at $145,000. Institutional investors and hedge funds own 57.32% of the company’s stock.
Several equities research analysts recently issued reports on AMZN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,500.00 price objective (up previously from $1,850.00) on shares of Amazon.com in a research note on Wednesday, August 29th. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, August 7th. Robert W. Baird reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, September 3rd. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $2,110.00 price objective on shares of Amazon.com in a research note on Tuesday, September 4th. Two research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,985.06.
Shares of AMZN opened at $1,934.36 on Tuesday. The stock has a market cap of $934.03 billion, a PE ratio of 425.13, a P/E/G ratio of 3.99 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com, Inc. has a 52 week low of $931.75 and a 52 week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. The business had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. equities analysts predict that Amazon.com, Inc. will post 17.77 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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