Amazon.com, Inc. (AMZN) is Ctc LLC’s Largest Position
Ctc LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 112.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,395 shares of the e-commerce giant’s stock after purchasing an additional 62,060 shares during the quarter. Amazon.com makes up 56.2% of Ctc LLC’s investment portfolio, making the stock its biggest holding. Ctc LLC’s holdings in Amazon.com were worth $114,569,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. OLD Second National Bank of Aurora boosted its position in shares of Amazon.com by 15.0% in the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after purchasing an additional 15 shares during the period. WealthTrust Arizona LLC lifted its position in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $116,000. Lipe & Dalton acquired a new stake in Amazon.com during the 1st quarter worth approximately $124,000. Finally, Farmers & Merchants Investments Inc. lifted its position in Amazon.com by 560.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after acquiring an additional 112 shares during the period. 60.80% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on AMZN. UBS AG reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Wednesday, June 21st. TheStreet cut Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,094.66.
WARNING: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/13/amazon-com-inc-amzn-is-ctc-llcs-largest-position.html.
In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock worth $9,574,377 over the last three months. 17.70% of the stock is owned by insiders.
Amazon.com, Inc. (NASDAQ AMZN) traded up 0.73% during midday trading on Wednesday, reaching $989.75. The company’s stock had a trading volume of 1,756,820 shares. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm has a 50-day moving average price of $980.19 and a 200 day moving average price of $947.70. The stock has a market capitalization of $475.46 billion, a price-to-earnings ratio of 251.72 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same period last year, the company earned $1.78 earnings per share. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post $4.01 EPS for the current fiscal year.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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.