Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Douglas Lane & Associates LLC

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.

TRADEMARK VIOLATION WARNING: This article was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.tickerreport.com/banking-finance/2800688/amazon-com-inc-nasdaqamzn-stake-boosted-by-douglas-lane-associates-llc.html.

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.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.