Pure Financial Advisors Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 637 shares of the e-commerce giant’s stock after acquiring an additional 73 shares during the quarter. Pure Financial Advisors Inc.’s holdings in Amazon.com were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of AMZN. Advisor Group Holdings Inc. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $294,639,000. Wealth Quarterback LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $2,313,511,000. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $8,070,972,000. Alliancebernstein L.P. grew its position in shares of Amazon.com by 83.0% in the 1st quarter. Alliancebernstein L.P. now owns 1,752,984 shares of the e-commerce giant’s stock worth $3,417,828,000 after buying an additional 795,171 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Amazon.com by 26.1% in the 1st quarter. Wellington Management Group LLP now owns 2,721,098 shares of the e-commerce giant’s stock worth $5,305,379,000 after buying an additional 563,991 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
In other Amazon.com news, SVP David Zapolsky sold 352 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $2,300.19, for a total transaction of $809,666.88. Following the completion of the sale, the senior vice president now owns 4,015 shares of the company’s stock, valued at $9,235,262.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. Insiders have sold 9,497 shares of company stock valued at $21,605,827 in the last three months. 16.10% of the stock is currently owned by corporate insiders.
Shares of AMZN traded up $56.22 during trading hours on Wednesday, hitting $3,056.34. The stock had a trading volume of 2,838,774 shares, compared to its average volume of 4,465,133. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,069.55. The firm has a market capitalization of $1,504.84 billion, a PE ratio of 145.88, a PEG ratio of 6.25 and a beta of 1.32. The stock has a fifty day moving average price of $2,598.30 and a 200 day moving average price of $2,168.47.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.36 by ($1.35). Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The firm had revenue of $75.45 billion during the quarter, compared to the consensus estimate of $74.15 billion. During the same period in the previous year, the firm earned $7.09 EPS. The business’s revenue was up 26.4% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 19.99 EPS for the current fiscal year.
AMZN has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Amazon.com from $2,400.00 to $2,600.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. KeyCorp restated an “overweight” rating and issued a $2,700.00 target price (up previously from $2,400.00) on shares of Amazon.com in a research note on Friday, May 1st. Citigroup raised their target price on Amazon.com from $2,400.00 to $2,700.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Barclays restated a “buy” rating on shares of Amazon.com in a research note on Thursday, April 16th. Finally, SunTrust Banks raised their target price on Amazon.com from $2,700.00 to $3,400.00 and gave the company a “buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus target price of $2,693.66.
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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