Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Logan Capital Management Inc.
Logan Capital Management Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,077 shares of the e-commerce giant’s stock after selling 1,545 shares during the period. Amazon.com makes up approximately 2.7% of Logan Capital Management Inc.’s holdings, making the stock its 3rd largest position. Logan Capital Management Inc.’s holdings in Amazon.com were worth $35,530,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $2,736,365,000. Fisher Asset Management LLC increased its stake in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after buying an additional 22,032 shares during the period. American Century Companies Inc. increased its stake in shares of Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after buying an additional 8,704 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Amazon.com by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock valued at $1,121,373,000 after buying an additional 29,920 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Amazon.com by 3.7% in the first quarter. APG Asset Management N.V. now owns 810,292 shares of the e-commerce giant’s stock valued at $718,356,000 after buying an additional 28,703 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.
Amazon.com, Inc. (AMZN) traded up 0.9004% during trading on Friday, reaching $965.5359. The company’s stock had a trading volume of 1,700,358 shares. The company has a 50-day moving average of $999.07 and a 200 day moving average of $925.01. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The firm has a market cap of $463.82 billion, a PE ratio of 245.5585 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. Analysts expect that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
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Several equities research analysts have issued reports on AMZN shares. Deutsche Bank AG increased their price target on Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Robert W. Baird restated an “outperform” rating and issued a $850.00 price target on shares of Amazon.com in a report on Monday, May 1st. Cowen and Company restated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a report on Thursday. Raymond James Financial, Inc. downgraded Amazon.com from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,065.61.
In related news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of 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 have sold 10,890 shares of company stock valued at $10,800,023 in the last three months. 17.70% of the stock is owned by insiders.
Amazon.com Company Profile
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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