Standard Life Investments LTD Has $247,696,000 Stake in Amazon.com Inc. (AMZN)
Standard Life Investments LTD lowered its stake in Amazon.com Inc. (NASDAQ:AMZN) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 346,042 shares of the e-commerce giant’s stock after selling 8,842 shares during the period. Standard Life Investments LTD owned 0.07% of Amazon.com worth $247,696,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock valued at $61,567,000 after buying an additional 20,700 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock valued at $83,882,000 after buying an additional 9,640 shares during the last quarter. Prudential PLC raised its position in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock valued at $62,771,000 after buying an additional 5,657 shares during the last quarter. Suvretta Capital Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $147,407,000. Finally, British Columbia Investment Management Corp raised its position in shares of Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock valued at $146,504,000 after buying an additional 2,602 shares during the last quarter. 65.44% of the stock is currently owned by institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.26% during trading on Friday, reaching $839.43. The company’s stock had a trading volume of 2,426,228 shares. The firm has a market cap of $397.95 billion, a P/E ratio of 208.76 and a beta of 1.20. The stock’s 50 day moving average is $789.64 and its 200-day moving average is $718.27. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $847.21.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The business had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the stock. Jefferies Group reiterated a “buy” rating and set a $865.00 price objective on shares of Amazon.com in a report on Monday, June 27th. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective on the stock in a report on Tuesday, June 28th. Morgan Stanley increased their price objective on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada cut their price objective on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, Evercore ISI restated a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Five analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $891.31.
In other news, insider Jeffrey M. Blackburn sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the transaction, the insider now owns 55,887 shares of the company’s stock, valued at $42,528,889.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 2,305 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the transaction, the chief executive officer now directly owns 84,446 shares in the company, valued at approximately $65,002,308.50. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
Receive News & Stock Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related stocks with our FREE daily email newsletter.