Amazon.com, Inc. (AMZN) Stake Raised by California Capital Advisors Inc.
California Capital Advisors Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506 shares of the e-commerce giant’s stock after buying an additional 8 shares during the quarter. Amazon.com makes up approximately 2.2% of California Capital Advisors Inc.’s portfolio, making the stock its 17th biggest holding. California Capital Advisors Inc.’s holdings in Amazon.com were worth $1,458,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. WealthTrust Arizona LLC lifted its holdings in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com in the second quarter valued at approximately $116,000. Farmers & Merchants Investments Inc. raised its stake in Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares in the last quarter. Lipe & Dalton purchased a new stake in Amazon.com in the first quarter valued at approximately $124,000. Finally, Arcadia Investment Management Corp MI raised its stake in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after purchasing an additional 52 shares in the last quarter. 60.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,125.35 on Friday. Amazon.com, Inc. has a twelve month low of $710.10 and a twelve month high of $1,135.54. The firm has a market capitalization of $544,096.38, a price-to-earnings ratio of 286.58, a P/E/G ratio of 14.08 and a beta of 1.45. 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 (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. equities analysts forecast that Amazon.com, Inc. will post 4.26 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the transaction, the chief executive officer now owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’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 directly owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders sold a total of 401,343 shares of company stock worth $441,838,533 in the last ninety days. 17.70% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on AMZN. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $1,190.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, July 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research note on Sunday, July 23rd. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,142.08.
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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