Johnston Asset Management LLC Acquires 8,910 Shares of Amazon.com Inc. (AMZN)
Johnston Asset Management LLC raised its stake in Amazon.com Inc. (NASDAQ:AMZN) by 76.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 20,535 shares of the e-commerce giant’s stock after buying an additional 8,910 shares during the period. Johnston Asset Management LLC’s holdings in Amazon.com were worth $14,696,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management purchased a new position in shares of Amazon.com during the first quarter worth about $365,000. Centre Asset Management LLC boosted its position in shares of Amazon.com by 6.8% in the first quarter. Centre Asset Management LLC now owns 44,294 shares of the e-commerce giant’s stock worth $26,295,000 after buying an additional 2,820 shares during the period. First Long Island Investors LLC boosted its position in shares of Amazon.com by 1.2% in the first quarter. First Long Island Investors LLC now owns 31,367 shares of the e-commerce giant’s stock worth $18,621,000 after buying an additional 371 shares during the period. WASHINGTON TRUST Co boosted its position in shares of Amazon.com by 5.6% in the first quarter. WASHINGTON TRUST Co now owns 45,202 shares of the e-commerce giant’s stock worth $26,834,000 after buying an additional 2,397 shares during the period. Finally, Pacad Investment Ltd. boosted its position in shares of Amazon.com by 15.2% in the first quarter. Pacad Investment Ltd. now owns 35,900 shares of the e-commerce giant’s stock worth $21,312,000 after buying an additional 4,736 shares during the period. 65.44% of the stock is currently owned by institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) traded up 0.27% during trading on Monday, hitting $841.71. 1,818,011 shares of the stock traded hands. The stock has a 50 day moving average price of $789.64 and a 200-day moving average price of $718.27. Amazon.com Inc. has a 52-week low of $474.00 and a 52-week high of $847.21. The stock has a market cap of $399.03 billion, a P/E ratio of 209.33 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. During the same quarter in the prior year, the company earned $0.19 EPS. Amazon.com’s quarterly revenue was up 31.1% on a year-over-year basis. On average, analysts anticipate that Amazon.com Inc. will post $5.85 EPS for the current fiscal year.
A number of brokerages recently issued reports on AMZN. Jefferies Group reissued a “buy” rating and issued a $865.00 price objective on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price on the stock in a research note on Tuesday, June 28th. Morgan Stanley boosted their target price on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 5th. Royal Bank Of Canada decreased their target price on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research note on Friday, September 16th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, July 18th. Five investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $891.31.
In other news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at approximately $61,955,111,241.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com Company Profile
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.