Douglas Lane & Associates LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,504 shares of the e-commerce giant’s stock after buying an additional 7 shares during the period. Douglas Lane & Associates LLC’s holdings in Amazon.com were worth $1,456,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at about $2,736,365,000. State Street Corp increased its stake in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the period. Karp Capital Management Corp bought a new stake in Amazon.com during the first quarter valued at about $157,189,000. Canada Pension Plan Investment Board increased its stake in 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 during the period. Finally, Clearbridge Investments LLC increased its stake in Amazon.com by 11.9% in the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after buying an additional 93,757 shares during the period. Institutional investors own 62.17% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) traded down 2.53% during mid-day trading on Thursday, hitting $957.20. 3,038,609 shares of the company traded hands. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm’s 50 day moving average price is $1,000.36 and its 200-day moving average price is $924.78. The stock has a market capitalization of $459.82 billion, a PE ratio of 243.44 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post $3.83 EPS for the current year.
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AMZN has been the subject of several recent analyst reports. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Robert W. Baird upgraded Amazon.com from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Royal Bank Of Canada decreased their price target on Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating for the company in a research note on Monday, May 1st. Vetr upgraded Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target for the company in a research note on Monday, July 3rd. Finally, Citigroup Inc. reiterated 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 note on Sunday, July 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,065.61.
In other news, Director Tom A. Alberg sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the completion of the transaction, the director now directly owns 20,320 shares of the company’s stock, valued at $20,320,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold 10,890 shares of company stock valued at $10,800,023 over the last three months. 17.70% of the stock is owned by corporate insiders.
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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