Amazon.com Inc. (AMZN) Stake Maintained by Centre Asset Management LLC
Centre Asset Management LLC held its position in Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,294 shares of the e-commerce giant’s stock at the end of the second quarter. Amazon.com makes up approximately 4.6% of Centre Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Centre Asset Management LLC’s holdings in Amazon.com were worth $26,295,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Pathstone Family Office LLC raised its position in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management bought a new position in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC raised its position in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares in the last quarter. Finally, West Oak Capital LLC raised its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares in the last quarter. Institutional investors own 65.61% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) opened at 739.01 on Friday. The company has a 50-day moving average price of $809.12 and a 200-day moving average price of $752.44. The company has a market capitalization of $351.15 billion, a PE ratio of 169.30 and a beta of 1.51. Amazon.com Inc. has a one year low of $474.00 and a one year high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The firm earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. Amazon.com’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts expect that Amazon.com Inc. will post $4.76 earnings per share for the current fiscal year.
AMZN has been the topic of a number of recent analyst reports. Canaccord Genuity lifted their price target on Amazon.com from $765.00 to $825.00 and gave the stock a “buy” rating in a report on Sunday, July 24th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.57 price target on the stock in a report on Monday, July 25th. Jefferies Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Evercore ISI reiterated a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $840.00 price target on shares of Amazon.com in a report on Sunday, July 17th. Six investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $917.04.
In other Amazon.com news, insider David Zapolsky sold 2,019 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $769.67, for a total value of $1,553,963.73. Following the transaction, the insider now directly owns 2,469 shares of the company’s stock, valued at $1,900,315.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company 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).
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