Alpha Cubed Investments LLC Has $4.81 Million Holdings in Amazon.com, Inc. (AMZN)
Alpha Cubed Investments LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,964 shares of the e-commerce giant’s stock after acquiring an additional 13 shares during the period. Alpha Cubed Investments LLC’s holdings in Amazon.com were worth $4,805,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Osborn Williams & Donohoe LLC increased its holdings in shares of Amazon.com by 1.1% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock worth $886,000 after buying an additional 10 shares during the last quarter. Reinhart Partners Inc. increased its holdings in shares of Amazon.com by 66.8% during the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after buying an additional 316 shares during the last quarter. Murphy Capital Management Inc. increased its holdings in shares of Amazon.com by 1.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock worth $9,540,000 after buying an additional 140 shares during the last quarter. IBM Retirement Fund increased its holdings in shares of Amazon.com by 76.6% during the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after buying an additional 4,218 shares during the last quarter. Finally, CAPROCK Group Inc. increased 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 buying an additional 298 shares during the last quarter. Institutional investors own 60.77% of the company’s stock.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $6,444,935.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,873,900. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock worth $8,874,850 over the last 90 days. Company insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (AMZN) opened at 989.58 on Monday. The stock’s 50 day moving average is $966.13 and its 200 day moving average is $961.29. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The company has a market cap of $475.37 billion, a PE ratio of 251.67 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. Equities analysts predict that Amazon.com, Inc. will post $3.66 earnings per share for the current year.
A number of analysts have recently commented on AMZN shares. Deutsche Bank AG restated a “buy” rating on shares of Amazon.com in a report on Monday, June 12th. Nomura restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 15th. BidaskClub downgraded Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,023.89 price objective for the company in a report on Monday, June 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a report on Friday, June 16th. 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 assigned a strong buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average target price of $1,109.80.
Amazon.com Company Profile
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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