Zurcher Kantonalbank Zurich Cantonalbank Has $151.65 Million Position in Amazon.com, Inc. (AMZN)
Zurcher Kantonalbank Zurich Cantonalbank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,665 shares of the e-commerce giant’s stock after acquiring an additional 12,410 shares during the period. Amazon.com makes up about 1.5% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 4th biggest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amazon.com were worth $151,652,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of AMZN. Clear Investment Research LLC grew its position in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the period. WealthTrust Arizona LLC grew its position in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the 2nd quarter worth about $116,000. Lipe & Dalton acquired a new stake in Amazon.com during the 1st quarter worth about $124,000. Finally, Farmers & Merchants Investments Inc. grew its position in Amazon.com by 560.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares during the period. Institutional investors own 59.83% of the company’s stock.
In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. Insiders sold a total of 397,833 shares of company stock worth $439,137,961 over the last ninety days. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com, Inc. (NASDAQ AMZN) opened at $1,156.16 on Friday. The firm has a market cap of $557,121.38, a PE ratio of 293.44, a P/E/G ratio of 14.49 and a beta of 1.45. Amazon.com, Inc. has a 12 month low of $736.70 and a 12 month high of $1,160.27. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. equities analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. Loop Capital set a $1,300.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Monday, November 13th. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Citigroup Inc. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Sunday, November 19th. Nomura reaffirmed a “buy” rating and set a $1,360.00 price target on shares of Amazon.com in a research report on Monday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research report on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,160.04.
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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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