Allen Operations LLC Invests $232,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Allen Operations LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 262 shares of the e-commerce giant’s stock, valued at approximately $232,000. Amazon.com accounts for about 0.2% of Allen Operations LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at $2,736,365,000. Karp Capital Management Corp acquired a new stake in shares of Amazon.com during the first quarter valued at $157,189,000. Canada Pension Plan Investment Board boosted its stake in shares of Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after buying an additional 126,534 shares in the last quarter. Capital Guardian Trust Co. boosted its stake in shares of Amazon.com by 53.5% in the fourth quarter. Capital Guardian Trust Co. now owns 235,641 shares of the e-commerce giant’s stock valued at $176,700,000 after buying an additional 82,121 shares in the last quarter. Finally, Hermes Investment Management Ltd. boosted its stake in shares of Amazon.com by 384.0% in the first quarter. Hermes Investment Management Ltd. now owns 95,472 shares of the e-commerce giant’s stock valued at $84,640,000 after buying an additional 75,746 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors.

Amazon.com, Inc. (NASDAQ AMZN) traded down 1.38% during trading on Thursday, hitting $968.43. 1,469,285 shares of the company’s stock were exchanged. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm has a market cap of $465.21 billion, a price-to-earnings ratio of 246.29 and a beta of 1.48. The company’s 50-day moving average price is $1,000.36 and its 200 day moving average price is $924.78.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

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Several analysts recently weighed in on AMZN shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Robert W. Baird raised shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Royal Bank Of Canada cut their price target on shares of Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating on the stock in a research report on Monday, May 1st. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target on the stock in a research report on Monday, July 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $1,200.00 price target (down previously from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,065.61.

In other news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,670 shares of Amazon.com stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $10,106,400. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock valued at $10,800,023 over the last three months. 17.70% of the stock is currently owned by insiders.

About Amazon.com

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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