Stephens Inc. AR raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,344 shares of the e-commerce giant’s stock after purchasing an additional 688 shares during the quarter. Amazon.com comprises 0.6% of Stephens Inc. AR’s investment portfolio, making the stock its 23rd biggest position. Stephens Inc. AR’s holdings in Amazon.com were worth $27,162,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Thoroughbred Financial Services LLC lifted its holdings in shares of Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after acquiring an additional 9,302,331 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Amazon.com by 186.8% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock worth $430,045,000 after acquiring an additional 422,352 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $546,969,000. Elephas Investment Management Ltd acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $182,039,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Amazon.com by 20.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock worth $1,224,242,000 after acquiring an additional 116,401 shares during the last quarter. Institutional investors own 57.26% of the company’s stock.
In other news, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP David Zapolsky sold 880 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,776.73, for a total transaction of $1,563,522.40. Following the completion of the transaction, the senior vice president now owns 3,749 shares of the company’s stock, valued at approximately $6,660,960.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,570 shares of company stock worth $27,690,021. Insiders own 16.10% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm 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 company posted $5.07 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 24.52 EPS for the current year.
AMZN has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a report on Friday, July 26th. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Wedbush restated a “buy” rating and issued a $2,350.00 price objective on shares of Amazon.com in a report on Monday, July 22nd. Credit Suisse Group restated an “outperform” rating and issued a $2,250.00 price objective (up from $2,200.00) on shares of Amazon.com in a report on Wednesday, July 24th. Finally, JMP Securities upped their price objective on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $2,251.95.
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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