Bristol John W & Co. Inc. NY Has $89.69 Million Stake in Amazon.com, Inc. (AMZN)
Bristol John W & Co. Inc. NY reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 101,166 shares of the e-commerce giant’s stock after selling 30,245 shares during the period. Amazon.com comprises approximately 2.5% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 7th largest position. Bristol John W & Co. Inc. NY’s holdings in Amazon.com were worth $89,688,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of AMZN. Integrated Wealth Management boosted its stake in Amazon.com by 7.6% in the first quarter. Integrated Wealth Management now owns 1,244 shares of the e-commerce giant’s stock valued at $1,103,000 after buying an additional 88 shares in the last quarter. Atria Investments LLC boosted its stake in shares of Amazon.com by 8.1% in the first quarter. Atria Investments LLC now owns 4,694 shares of the e-commerce giant’s stock valued at $4,161,000 after buying an additional 353 shares during the period. American National Bank boosted its stake in shares of Amazon.com by 4.8% in the first quarter. American National Bank now owns 6,969 shares of the e-commerce giant’s stock valued at $6,179,000 after buying an additional 319 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in shares of Amazon.com by 6.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 3,218 shares of the e-commerce giant’s stock valued at $2,851,000 after buying an additional 186 shares during the period. Finally, Guild Investment Management Inc. acquired a new stake in shares of Amazon.com during the first quarter valued at approximately $1,565,000. 63.43% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc. (AMZN) traded up 2.44% during mid-day trading on Friday, hitting $987.71. The company had a trading volume of 11,472,662 shares. The company has a 50-day moving average price of $970.64 and a 200 day moving average price of $865.45. Amazon.com, Inc. has a 52-week low of $682.11 and a 52-week high of $1,016.50. The company has a market capitalization of $472.10 billion, a P/E ratio of 186.01 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The company had revenue of $35.71 billion during the quarter, compared to analysts’ expectations of $35.31 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post $6.67 EPS for the current fiscal year.
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A number of research analysts recently commented on AMZN shares. Jefferies Group LLC reiterated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Friday. Cantor Fitzgerald restated a “buy” rating and set a $1,050.00 target price on shares of Amazon.com in a research report on Friday. Canaccord Genuity increased their target price on shares of Amazon.com from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday. Instinet reduced their price target on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Amazon.com in a research note on Friday. Five research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $1,016.79.
In other news, CEO Jeffrey A. Wilke sold 2,670 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $10,106,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $940.74, for a total value of $940,740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 80,857,196 shares of the company’s stock, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,013,380 shares of company stock valued at $953,846,866. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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