Quantitative Systematic Strategies LLC Raises Stake in Amazon.com, Inc. (AMZN)
Quantitative Systematic Strategies LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 332.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,294 shares of the e-commerce giant’s stock after acquiring an additional 995 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Amazon.com were worth $1,244,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Osborn Williams & Donohoe LLC boosted its stake in shares of Amazon.com by 1.1% during the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after purchasing an additional 10 shares in the last quarter. Reinhart Partners Inc. boosted its stake in Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after acquiring an additional 316 shares in the last quarter. Goelzer Investment Management Inc. boosted its stake in Amazon.com by 48.7% in the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after acquiring an additional 130 shares in the last quarter. Lakeview Capital Partners LLC boosted its stake in Amazon.com by 19.6% in the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after acquiring an additional 176 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new stake in Amazon.com in the second quarter valued at approximately $871,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 402,338 shares of company stock valued at $444,391,701. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period last year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.
Several equities research analysts have weighed in on the stock. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 target price for the company in a research note on Wednesday, November 29th. J P Morgan Chase & Co restated an “overweight” rating and issued a $1,375.00 target price (up from $1,220.00) on shares of Amazon.com in a research note on Monday. SunTrust Banks restated a “buy” rating and issued a $1,190.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. Wells Fargo & Company restated a “buy” rating on shares of Amazon.com in a research note on Monday, December 4th. Finally, Barclays restated an “overweight” rating and issued a $1,210.00 target price (up from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,232.30.
TRADEMARK VIOLATION WARNING: This piece was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/quantitative-systematic-strategies-llc-raises-stake-in-amazon-com-inc-amzn/1772297.html.
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.
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.