Gruss & Co. Inc. Has $16,021,000 Stake in Amazon.com, Inc. (AMZN)
Gruss & Co. Inc. continued to hold its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,550 shares of the e-commerce giant’s stock at the end of the second quarter. Amazon.com comprises 18.1% of Gruss & Co. Inc.’s holdings, making the stock its biggest position. Gruss & Co. Inc.’s holdings in Amazon.com were worth $16,021,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Harbour Capital Advisors LLC grew its stake in shares of Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares during the period. State Street Corp grew its stake in shares of Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after purchasing an additional 186,756 shares during the period. Karp Capital Management Corp bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $157,189,000. Canada Pension Plan Investment Board grew its stake in shares of Amazon.com by 401.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after purchasing an additional 126,534 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Amazon.com by 11.9% in the 1st quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after purchasing an additional 93,757 shares during the period. Hedge funds and other institutional investors own 60.62% of the company’s stock.
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In other news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now owns 6,533 shares in the company, valued at $6,444,935.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The disclosure for this sale can be found here. In the last quarter, insiders have sold 401,343 shares of company stock worth $441,838,533. 17.70% of the stock is owned by company insiders.
AMZN has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. Vetr lowered Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price objective on the stock. in a research note on Tuesday, July 18th. Loop Capital set a $1,200.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,250.00 price objective (up from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average price target of $1,142.08.
Amazon.com, Inc. (NASDAQ AMZN) opened at $1,125.35 on Friday. The company has a market cap of $542,274.63, a price-to-earnings ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com, Inc. has a fifty-two week low of $710.10 and a fifty-two week high of $1,135.54.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. research analysts forecast that Amazon.com, Inc. will post 4.26 EPS for the current year.
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 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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