Fox Run Management L.L.C. Takes Position in Amazon.com, Inc. (AMZN)
Fox Run Management L.L.C. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 600 shares of the e-commerce giant’s stock, valued at approximately $581,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Amazon.com in the first quarter valued at about $157,189,000. Canada Pension Plan Investment Board raised its holdings in shares of Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after purchasing an additional 126,534 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Amazon.com by 11.9% in the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after purchasing an additional 93,757 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Amazon.com by 893.7% in the first quarter. Bank of Nova Scotia now owns 91,200 shares of the e-commerce giant’s stock valued at $80,853,000 after purchasing an additional 82,022 shares during the last quarter. Hedge funds and other institutional investors own 60.76% of the company’s stock.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The disclosure for this sale can be found here. Insiders sold 9,793 shares of company stock valued at $9,574,377 over the last 90 days. Company insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (AMZN) traded down 0.3807% during midday trading on Monday, hitting $983.0336. 1,238,982 shares of the stock traded hands. The stock has a market cap of $472.23 billion, a PE ratio of 250.0086 and a beta of 1.47. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The company has a 50-day moving average of $975.62 and a 200-day moving average of $949.38.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post $3.89 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/18/fox-run-management-l-l-c-takes-position-in-amazon-com-inc-amzn.html.
Several brokerages have recently commented on AMZN. Instinet reiterated a “buy” rating on shares of Amazon.com in a report on Friday, June 2nd. BidaskClub downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. SunTrust Banks, Inc. began coverage on shares of Amazon.com in a report on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 target price for the company. JMP Securities reiterated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a report on Friday, August 25th. Finally, Mizuho reiterated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,096.67.
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.