Sanders Morris Harris LLC Takes $387,000 Position in Amazon.com, Inc. (AMZN)
Sanders Morris Harris LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 400 shares of the e-commerce giant’s stock, valued at approximately $387,000.
Several other institutional investors have also recently bought and sold shares of AMZN. Lipe & Dalton bought a new position in shares of Amazon.com in the first quarter valued at approximately $124,000. Arcadia Investment Management Corp MI increased its position in shares of Amazon.com by 43.7% during the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after acquiring an additional 52 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $180,000. Farmers Trust Co. purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $208,000. Finally, Berson & Corrado Investment Advisors LLC purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $208,000. 60.77% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc. (AMZN) traded down 0.55% on Monday, reaching $956.11. 1,507,802 shares of the company’s stock traded hands. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The stock has a market cap of $459.30 billion, a price-to-earnings ratio of 243.16 and a beta of 1.47. The stock has a 50 day moving average price of $973.80 and a 200 day moving average price of $952.61.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Analysts forecast that Amazon.com, Inc. will post $3.65 EPS for the current year.
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Several equities analysts recently weighed in on AMZN shares. Instinet reduced their price target on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Friday, June 16th. Loop Capital restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Vetr lowered shares of 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 report on Tuesday, July 18th. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,107.47.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction 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 $9,552,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the transaction, the insider now owns 1,748 shares of the company’s stock, valued at $1,728,597.20. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock worth $8,874,850 in the last quarter. 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 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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