Welch Group LLC Has $304,000 Stake in Amazon.com, Inc. (AMZN)

Welch Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 314 shares of the e-commerce giant’s stock after purchasing an additional 25 shares during the quarter. Welch Group LLC’s holdings in Amazon.com were worth $304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Canada Pension Plan Investment Board increased its position in shares of Amazon.com by 401.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after purchasing an additional 126,534 shares during the last quarter. Horseman Capital Management Ltd increased its position in shares of Amazon.com by 54.0% during the 1st quarter. Horseman Capital Management Ltd now owns 11,550 shares of the e-commerce giant’s stock valued at $10,240,000 after purchasing an additional 4,050 shares during the last quarter. Cadence Bank NA grew its position in Amazon.com by 0.8% in the 1st quarter. Cadence Bank NA now owns 658 shares of the e-commerce giant’s stock valued at $584,000 after acquiring an additional 5 shares during the last quarter. Brookstone Capital Management grew its position in Amazon.com by 29.6% in the 1st quarter. Brookstone Capital Management now owns 434 shares of the e-commerce giant’s stock valued at $385,000 after acquiring an additional 99 shares during the last quarter. Finally, Markel Corp grew its position in Amazon.com by 28.3% in the 1st quarter. Markel Corp now owns 59,000 shares of the e-commerce giant’s stock valued at $52,306,000 after acquiring an additional 13,000 shares during the last quarter. 60.54% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,136.84 on Wednesday. Amazon.com, Inc. has a one year low of $725.99 and a one year high of $1,139.90. The company has a market capitalization of $544,115.63, a price-to-earnings ratio of 286.59, a P/E/G ratio of 14.08 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 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 company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. analysts anticipate that Amazon.com, Inc. will post 4.26 earnings per share for the current fiscal year.

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Several equities analysts have commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective on the stock. in a research report on Monday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a research report on Friday, October 27th. SunTrust Banks, Inc. assumed coverage on Amazon.com in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 price objective on the stock. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a research report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $1,142.08.

In other news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at approximately $20,475,832. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders have sold a total of 395,770 shares of company stock valued at $436,339,290 over the last three months. 17.00% of the stock is currently owned by insiders.

About Amazon.com

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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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