Amazon.com, Inc. (AMZN) is MetLife Investment Advisors LLC’s 3rd Largest Position
MetLife Investment Advisors LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,921 shares of the e-commerce giant’s stock after selling 2,828 shares during the period. Amazon.com accounts for about 2.1% of MetLife Investment Advisors LLC’s portfolio, making the stock its 3rd biggest holding. MetLife Investment Advisors LLC’s holdings in Amazon.com were worth $175,014,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Palladium Partners LLC lifted its position in shares of Amazon.com by 6.9% in the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after buying an additional 32 shares in the last quarter. Cim Investment Mangement Inc. lifted its position in shares of Amazon.com by 2.1% in the first quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock worth $2,327,000 after buying an additional 33 shares in the last quarter. American Economic Planning Group Inc. ADV raised its position in Amazon.com by 5.0% during the first quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock valued at $1,042,000 after purchasing an additional 34 shares during the period. ICONIQ Capital LLC raised its position in Amazon.com by 4.4% during the first quarter. ICONIQ Capital LLC now owns 800 shares of the e-commerce giant’s stock valued at $1,158,000 after purchasing an additional 34 shares during the period. Finally, Reilly Financial Advisors LLC raised its position in Amazon.com by 7.2% during the first quarter. Reilly Financial Advisors LLC now owns 519 shares of the e-commerce giant’s stock valued at $751,000 after purchasing an additional 35 shares during the period. 57.38% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares of the company’s stock, valued at $168,721,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the transaction, the director now directly owns 10,752 shares in the company, valued at approximately $19,179,525.12. The disclosure for this sale can be found here. In the last three months, insiders sold 17,200 shares of company stock worth $31,914,331. 16.30% of the stock is owned by insiders.
Shares of NASDAQ:AMZN opened at $1,932.82 on Wednesday. Amazon.com, Inc. has a 52-week low of $931.75 and a 52-week high of $1,941.78. The company has a market capitalization of $929.34 billion, a P/E ratio of 424.80, a PEG ratio of 4.16 and a beta of 1.60. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Amazon.com’s revenue was up 39.3% compared to the same quarter last year. equities research analysts predict that Amazon.com, Inc. will post 17.27 earnings per share for the current fiscal year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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