United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,975 shares of the e-commerce giant’s stock after buying an additional 3,516 shares during the quarter. Amazon.com accounts for approximately 5.5% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 4th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Amazon.com were worth $53,541,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. United Bank raised its holdings in Amazon.com by 45.7% in the second quarter. United Bank now owns 940 shares of the e-commerce giant’s stock worth $1,780,000 after purchasing an additional 295 shares during the period. Arjuna Capital increased its position in shares of Amazon.com by 1.0% in the 2nd quarter. Arjuna Capital now owns 3,180 shares of the e-commerce giant’s stock valued at $6,022,000 after buying an additional 33 shares in the last quarter. Advisors Capital Management LLC raised its stake in Amazon.com by 8.5% during the 2nd quarter. Advisors Capital Management LLC now owns 601 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 47 shares during the period. River & Mercantile Asset Management LLP acquired a new stake in Amazon.com during the 2nd quarter worth $17,190,000. Finally, Whale Rock Capital Management LLC lifted its holdings in Amazon.com by 11.4% during the second quarter. Whale Rock Capital Management LLC now owns 208,773 shares of the e-commerce giant’s stock worth $395,339,000 after acquiring an additional 21,377 shares in the last quarter. Hedge funds and other institutional investors own 56.40% of the company’s stock.
In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total transaction of $663,500.14. Following the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at $11,041,412.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 200 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $1,865.34, for a total transaction of $373,068.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,653,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,196 shares of company stock valued at $17,869,618. Corporate insiders own 16.10% of the company’s stock.
A number of research analysts have issued reports on the company. MKM Partners reissued a “buy” rating and issued a $2,250.00 target price on shares of Amazon.com in a research note on Wednesday, December 4th. Cowen reaffirmed a “buy” rating and set a $2,400.00 price target on shares of Amazon.com in a research report on Tuesday, December 17th. Wolfe Research initiated coverage on Amazon.com in a report on Tuesday, October 8th. They set an “outperform” rating and a $2,234.00 price objective on the stock. Argus reiterated a “buy” rating and set a $2,250.00 price objective on shares of Amazon.com in a report on Tuesday, December 31st. They noted that the move was a valuation call. Finally, Pivotal Research boosted their price objective on Amazon.com from $2,100.00 to $2,250.00 and gave the company a “buy” rating in a research report on Wednesday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $2,180.56.
Shares of NASDAQ AMZN opened at $1,892.00 on Wednesday. The stock has a market capitalization of $938.05 billion, a price-to-earnings ratio of 83.79, a PEG ratio of 2.59 and a beta of 1.50. The business has a 50-day moving average of $1,826.40 and a 200-day moving average of $1,816.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $1,566.76 and a fifty-two week high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter in the previous year, the company posted $5.75 EPS. The business’s revenue was up 23.7% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 20.51 EPS for the current year.
Amazon.com Company Profile
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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