Amazon.com, Inc. (AMZN) Stake Increased by Glassman Wealth Services
Glassman Wealth Services grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 745 shares of the e-commerce giant’s stock after acquiring an additional 64 shares during the period. Amazon.com comprises about 0.5% of Glassman Wealth Services’ investment portfolio, making the stock its 25th biggest holding. Glassman Wealth Services’ holdings in Amazon.com were worth $721,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AMZN. Reinhart Partners Inc. grew its stake in Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 316 shares in the last quarter. WealthTrust Fairport LLC grew its stake in Amazon.com by 18.4% in the first quarter. WealthTrust Fairport LLC now owns 5,962 shares of the e-commerce giant’s stock worth $5,286,000 after purchasing an additional 926 shares in the last quarter. Rhumbline Advisers grew its stake in Amazon.com by 1.1% in the first quarter. Rhumbline Advisers now owns 635,236 shares of the e-commerce giant’s stock worth $563,162,000 after purchasing an additional 7,068 shares in the last quarter. CT Mason acquired a new position in Amazon.com in the first quarter worth about $3,508,000. Finally, Brick & Kyle Associates grew its stake in Amazon.com by 1.7% in the first quarter. Brick & Kyle Associates now owns 4,325 shares of the e-commerce giant’s stock worth $3,834,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 59.79% of the company’s stock.
In related news, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the sale, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now directly 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 three months, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is owned by corporate insiders.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,141.57 on Wednesday. The firm has a market capitalization of $546,418.94, a P/E ratio of 287.80, a PEG ratio of 14.21 and a beta of 1.47. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a twelve month low of $747.70 and a twelve month high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.52 EPS. sell-side analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.
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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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