Alhambra Investment Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,854.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,200 shares of the e-commerce giant's stock after purchasing an additional 4,934 shares during the quarter. Alhambra Investment Partners LLC's holdings in Amazon.com were worth $552,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Copeland Capital Management LLC lifted its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Copeland Capital Management LLC now owns 520 shares of the e-commerce giant's stock worth $55,000 after buying an additional 494 shares in the last quarter. Dividend Assets Capital LLC increased its position in shares of Amazon.com by 1,920.4% during the second quarter. Dividend Assets Capital LLC now owns 11,860 shares of the e-commerce giant's stock worth $1,260,000 after acquiring an additional 11,273 shares during the period. Foster Dykema Cabot & Co. Inc. MA raised its stake in shares of Amazon.com by 1,798.0% in the second quarter. Foster Dykema Cabot & Co. Inc. MA now owns 167,860 shares of the e-commerce giant's stock valued at $17,829,000 after acquiring an additional 159,016 shares in the last quarter. Bell Bank boosted its holdings in Amazon.com by 2,376.9% in the second quarter. Bell Bank now owns 26,429 shares of the e-commerce giant's stock valued at $2,807,000 after purchasing an additional 25,362 shares during the period. Finally, McAdam LLC grew its stake in Amazon.com by 1,941.2% during the 2nd quarter. McAdam LLC now owns 14,758 shares of the e-commerce giant's stock worth $1,567,000 after purchasing an additional 14,035 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company's stock.
Get Amazon.com alerts:Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 520 shares of the firm's stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares in the company, valued at $13,141,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 23,620 shares of the firm's stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 520 shares of the business's stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares in the company, valued at $13,141,182.60. The disclosure for this sale can be found here. Insiders have sold a total of 71,148 shares of company stock valued at $9,862,196 in the last ninety days. 12.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on AMZN shares. Cowen decreased their price objective on Amazon.com from $215.00 to $210.00 and set an "outperform" rating for the company in a research note on Thursday, July 14th. Stifel Nicolaus lowered their price target on shares of Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Canaccord Genuity Group lifted their price objective on shares of Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. DA Davidson reiterated a "buy" rating and set a $151.00 target price on shares of Amazon.com in a research note on Friday, August 5th. Finally, Rosenblatt Securities raised their price target on Amazon.com to $118.00 and gave the company a "neutral" rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.05.Amazon.com Price Performance
Shares of AMZN opened at $115.88 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average is $129.70 and its two-hundred day moving average is $128.31. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The firm has a market capitalization of $1.18 trillion, a PE ratio of 103.88, a P/E/G ratio of 5.07 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The business had revenue of $121.23 billion during the quarter, compared to analysts' expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 0.98 earnings per share for the current year.
Amazon.com Profile
(Get Rating)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
See Also
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- Small-Cap Catalyst Pharma Is Among Market's Best Price Performers
- 3 Stocks Growing Their Businesses for 2023
- China-Based EV Maker BYD Set For Big European, Japanese Expansion
- Is Illumina Still the Gamechanger in Genomics Sequencing?
- Here's What Makes Amazon a Sum-of-All-Parts Commerce Juggernaut
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 – Get Rating).
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.