Wasatch Advisors Inc. Sells 1,090 Shares of Amazon.com, Inc. (AMZN)
Wasatch Advisors Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,092 shares of the e-commerce giant’s stock after selling 1,090 shares during the period. Wasatch Advisors Inc.’s holdings in Amazon.com were worth $2,993,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of AMZN. Harbour Capital Advisors LLC boosted its holdings in shares of Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. lifted its holdings in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after acquiring an additional 457,300 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the sale, 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 hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock worth $444,391,701 in the last ninety days. Corporate insiders own 17.00% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. research analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
A number of research analysts recently commented on AMZN shares. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. DA Davidson started coverage on Amazon.com in a report on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 price objective on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Friday, September 1st. Jefferies Group reiterated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a report on Thursday, August 31st. Finally, Needham & Company LLC set a $1,150.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $1,219.02.
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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