BKS Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 551 shares of the e-commerce giant’s stock after purchasing an additional 82 shares during the period. BKS Advisors LLC’s holdings in Amazon.com were worth $533,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Clear Investment Research LLC lifted its holdings 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 buying an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its holdings in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $116,000. Lipe & Dalton acquired a new stake in shares of Amazon.com in the 1st quarter valued at $124,000. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares in the last quarter. 59.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com, Inc. (AMZN) opened at $1,186.00 on Monday. The firm has a market cap of $571,500.19, a price-to-earnings ratio of 301.02, a price-to-earnings-growth ratio of 14.86 and a beta of 1.45. Amazon.com, Inc. has a twelve month low of $736.70 and a twelve month high of $1,186.84. 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 issued its 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 business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. sell-side analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the 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 sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Zapolsky sold 2,334 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.39, for a total transaction of $2,626,660.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 398,703 shares of company stock worth $440,138,461. Corporate insiders own 17.70% of the company’s stock.
A number of brokerages have recently weighed in on AMZN. Goldman Sachs Group Inc restated a “conviction-buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 9th. Cowen Inc restated an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Nomura reiterated a “buy” rating and set a $1,360.00 price target on shares of Amazon.com in a research note on Monday, November 20th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Finally, Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,161.15.
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Amazon.com Company Profile
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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