HighVista Strategies LLC Buys Shares of 4,300 Amazon.com, Inc. (AMZN)
HighVista Strategies LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, Holdings Channel reports. The firm bought 4,300 shares of the e-commerce giant’s stock, valued at approximately $3,812,000. Amazon.com accounts for about 0.9% of HighVista Strategies LLC’s investment portfolio, making the stock its 29th largest position.
Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Norges Bank acquired a new stake in Amazon.com during the fourth quarter valued at $2,736,365,000. Karp Capital Management Corp acquired a new stake in Amazon.com during the first quarter valued at $157,189,000. Canada Pension Plan Investment Board increased its stake in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after buying an additional 126,534 shares during the period. Capital Guardian Trust Co. increased its stake in Amazon.com by 53.5% in the fourth quarter. Capital Guardian Trust Co. now owns 235,641 shares of the e-commerce giant’s stock valued at $176,700,000 after buying an additional 82,121 shares during the period. Finally, Hermes Investment Management Ltd. increased its stake in Amazon.com by 384.0% in the first quarter. Hermes Investment Management Ltd. now owns 95,472 shares of the e-commerce giant’s stock valued at $84,640,000 after buying an additional 75,746 shares during the period. 62.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 1.45% during mid-day trading on Thursday, hitting $967.81. 1,463,806 shares of the stock were exchanged. The stock’s 50-day moving average is $1,000.36 and its 200-day moving average is $924.78. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The stock has a market capitalization of $464.92 billion, a price-to-earnings ratio of 246.14 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on AMZN shares. Loop Capital reiterated a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday, April 19th. Macquarie reiterated a “buy” rating and set a $995.00 target price on shares of Amazon.com in a research report on Tuesday, April 18th. Maxim Group reiterated a “buy” rating and set a $1,000.00 target price (up from $940.00) on shares of Amazon.com in a research report on Thursday, April 20th. Stifel Nicolaus reiterated a “buy” rating and set a $1,025.00 target price on shares of Amazon.com in a research report on Monday, April 24th. Finally, Instinet lifted their target price on Amazon.com from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,065.61.
In other news, CEO Jeffrey A. Wilke sold 710 shares of the business’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 completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,852,500. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the business’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 of the company’s stock, valued at $9,697,300. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,890 shares of company stock valued at $10,800,023. Company insiders own 17.70% of the company’s stock.
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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