Amazon.com, Inc. (AMZN) Stake Boosted by Brookstone Capital Management
Brookstone Capital Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 30.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 568 shares of the e-commerce giant’s stock after purchasing an additional 134 shares during the period. Brookstone Capital Management’s holdings in Amazon.com were worth $550,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Buckingham Asset Management LLC increased its stake in shares of Amazon.com by 23.4% in the second quarter. Buckingham Asset Management LLC now owns 3,293 shares of the e-commerce giant’s stock worth $3,188,000 after purchasing an additional 624 shares during the period. AllSquare Wealth Management LLC increased its stake in shares of Amazon.com by 4.2% in the second quarter. AllSquare Wealth Management LLC now owns 250 shares of the e-commerce giant’s stock worth $242,000 after purchasing an additional 10 shares during the period. Pacer Advisors Inc. increased its stake in shares of Amazon.com by 12.9% in the second quarter. Pacer Advisors Inc. now owns 16,033 shares of the e-commerce giant’s stock worth $15,520,000 after purchasing an additional 1,826 shares during the period. Utah Retirement Systems increased its stake in shares of Amazon.com by 2.2% in the second quarter. Utah Retirement Systems now owns 72,904 shares of the e-commerce giant’s stock worth $70,571,000 after purchasing an additional 1,551 shares during the period. Finally, Lbmc Investment Advisors LLC bought a new position in Amazon.com during the second quarter valued at about $211,000. Institutional investors and hedge funds own 59.83% of the company’s stock.
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Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 EPS. equities research analysts expect that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
In other news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 397,833 shares of company stock worth $439,137,961. 17.70% of the stock is owned by company insiders.
Several equities analysts recently issued reports on the company. Cantor Fitzgerald restated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr lowered Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target on the stock. in a research note on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. SunTrust Banks, Inc. assumed coverage on Amazon.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price target on the stock. Finally, JMP Securities restated an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research note on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $1,160.04.
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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