Amazon.com, Inc. (AMZN) Shares Sold by CenturyLink Investment Management Co
CenturyLink Investment Management Co lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,578 shares of the e-commerce giant’s stock after selling 915 shares during the quarter. Amazon.com accounts for about 2.3% of CenturyLink Investment Management Co’s holdings, making the stock its 2nd biggest position. CenturyLink Investment Management Co’s holdings in Amazon.com were worth $6,523,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Whitnell & Co. lifted its stake in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares in the last quarter. Vestor Capital LLC lifted its stake in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Amazon.com during the 2nd quarter valued at $121,000. Archford Capital Strategies LLC lifted its stake in Amazon.com by 17,242.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after acquiring an additional 29,829 shares in the last quarter. Finally, Lee Financial Co lifted its stake in Amazon.com by 285.7% during the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock valued at $130,000 after acquiring an additional 100 shares in the last quarter. 60.22% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. Following the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. Insiders have sold 5,714 shares of company stock valued at $8,462,195 in the last three months. 17.00% of the stock is owned by insiders.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Amazon.com’s revenue was up 38.2% on a year-over-year basis. equities research analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
Several brokerages have weighed in on AMZN. Jefferies Group restated a “buy” rating and set a $1,850.00 price objective on shares of Amazon.com in a research note on Tuesday. Deutsche Bank restated a “buy” rating on shares of Amazon.com in a research note on Monday. UBS Group raised their price objective on Amazon.com to $1,760.00 and gave the company a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $1,603.06 price objective on the stock. in a research note on Thursday, March 8th. Finally, Loop Capital set a $1,545.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Wednesday, March 7th. Five equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $1,475.28.
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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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