National Pension Service Boosts Holdings in Amazon.com, Inc. (AMZN)
National Pension Service boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,595 shares of the e-commerce giant’s stock after acquiring an additional 26,978 shares during the quarter. Amazon.com comprises 1.8% of National Pension Service’s holdings, making the stock its 4th largest holding. National Pension Service owned approximately 0.06% of Amazon.com worth $298,239,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of AMZN. Reinhart Partners Inc. lifted its stake in shares of Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after purchasing an additional 316 shares during the last quarter. Hengehold Capital Management LLC grew its holdings in shares of Amazon.com by 3.5% during the 1st quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after purchasing an additional 13 shares during the period. Boston Advisors LLC grew its holdings in shares of Amazon.com by 11.8% during the 1st quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after purchasing an additional 10,014 shares during the period. CAPROCK Group Inc. grew its holdings in shares of Amazon.com by 9.2% during the 1st quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock worth $3,129,000 after purchasing an additional 298 shares during the period. Finally, CT Mason purchased a new position in shares of Amazon.com during the 1st quarter worth $3,508,000. 60.77% of the stock is owned by institutional investors.
A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Thursday. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $1,400.00 target price on shares of Amazon.com in a research report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research report on Tuesday, September 26th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, September 25th. Finally, Argus reaffirmed a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,107.47.
In related 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 approximately $9,552,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the sale, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is currently owned by insiders.
Amazon.com, Inc. (NASDAQ AMZN) traded down 0.55% during trading on Monday, reaching $956.11. The company’s stock had a trading volume of 1,507,840 shares. The firm has a market capitalization of $459.30 billion, a price-to-earnings ratio of 243.16 and a beta of 1.47. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock’s 50-day moving average is $973.80 and its 200 day moving average is $952.61.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 EPS. On average, analysts predict that Amazon.com, Inc. will post $3.65 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.
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