Sonata Capital Group Inc. held its position in Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, Holdings Channel reports. The institutional investor owned 1,467 shares of the e-commerce giant’s stock at the end of the second quarter. Amazon.com makes up 0.9% of Sonata Capital Group Inc.’s holdings, making the stock its 29th largest position. Sonata Capital Group Inc.’s holdings in Amazon.com were worth $1,050,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Virginia Retirement System bought a new position in shares of Amazon.com during the first quarter worth approximately $62,725,000. BTC Capital Management Inc. increased its position in shares of Amazon.com by 948.8% in the first quarter. BTC Capital Management Inc. now owns 3,891 shares of the e-commerce giant’s stock worth $2,313,000 after buying an additional 3,520 shares in the last quarter. Tiemann Investment Advisors LLC increased its position in shares of Amazon.com by 8.4% in the first quarter. Tiemann Investment Advisors LLC now owns 1,029 shares of the e-commerce giant’s stock worth $611,000 after buying an additional 80 shares in the last quarter. Badgley Phelps & Bell Inc. increased its position in shares of Amazon.com by 1.5% in the first quarter. Badgley Phelps & Bell Inc. now owns 26,604 shares of the e-commerce giant’s stock worth $15,793,000 after buying an additional 398 shares in the last quarter. Finally, Hyman Charles D bought a new position in shares of Amazon.com during the first quarter worth approximately $299,000. 65.44% of the stock is owned by institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.27% during trading on Monday, reaching $841.71. The company had a trading volume of 1,818,011 shares. The firm has a 50 day moving average price of $789.64 and a 200 day moving average price of $718.27. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21. The company has a market cap of $399.03 billion, a price-to-earnings ratio of 209.33 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same period last year, the business posted $0.19 EPS. Amazon.com’s revenue was up 31.1% on a year-over-year basis. Analysts predict that Amazon.com Inc. will post $5.85 earnings per share for the current year.
A number of brokerages have recently commented on AMZN. Jefferies Group reissued a “buy” rating and set a $865.00 price objective on shares of Amazon.com in a research report on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price for the company in a research note on Tuesday, June 28th. Morgan Stanley boosted their target price on Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 5th. Royal Bank Of Canada decreased their target price on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research note on Friday, September 16th. Finally, Evercore ISI restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 18th. Five analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $891.31.
In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the completion of the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares of the company’s stock, valued at $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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