Pure Financial Advisors Inc. Has $1.10 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Pure Financial Advisors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 636 shares of the e-commerce giant’s stock after acquiring an additional 117 shares during the quarter. Pure Financial Advisors Inc.’s holdings in Amazon.com were worth $1,104,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com during the second quarter valued at approximately $27,000. Phocas Financial Corp. bought a new stake in shares of Amazon.com during the second quarter valued at approximately $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com during the second quarter valued at approximately $53,000. Cerebellum GP LLC increased its holdings in shares of Amazon.com by 18.0% during the third quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after acquiring an additional 9 shares in the last quarter. Finally, Clear Investment Research LLC increased its holdings in shares of Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after acquiring an additional 8 shares in the last quarter. 55.71% of the stock is currently owned by institutional investors.
In other news, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,739,900. The disclosure for this sale can be found here. In the last three months, insiders sold 22,443 shares of company stock worth $40,205,835. Insiders own 16.10% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same period in the prior year, the firm posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and set a $2,600.00 price objective (up previously from $2,250.00) on shares of Amazon.com in a report on Tuesday, September 3rd. Deutsche Bank boosted their price objective on Amazon.com from $2,315.00 to $2,515.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $2,256.29.
Amazon.com Company Profile
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 third-party sellers through physical stores and online stores.
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