Weybosset Research & Management LLC Sells 65 Shares of Amazon.com, Inc. (AMZN)
Weybosset Research & Management LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 376 shares of the e-commerce giant’s stock after selling 65 shares during the quarter. Weybosset Research & Management LLC’s holdings in Amazon.com were worth $364,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in AMZN. Clear Investment Research LLC raised its holdings in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its holdings in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the second quarter valued at approximately $116,000. Lipe & Dalton bought a new position in shares of Amazon.com during the first quarter valued at approximately $124,000. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) opened at 1009.13 on Wednesday. The firm’s 50-day moving average price is $972.28 and its 200 day moving average price is $968.09. The stock has a market cap of $484.76 billion, a P/E ratio of 256.65 and a beta of 1.47. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 firm had revenue of $37.96 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.78 EPS. On average, equities analysts expect that Amazon.com, Inc. will post $3.64 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on AMZN shares. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Cowen and Company restated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Zacks Investment Research downgraded Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Barclays PLC upped their target price on Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, MKM Partners restated a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,121.04.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total transaction of $697,035.40. Following the transaction, the chief executive officer now owns 15,312 shares of the company’s stock, valued at $15,032,402.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the transaction, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,083 shares of company stock worth $8,874,850. Corporate insiders own 17.70% of the company’s stock.
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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