Family Management Corp grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,805 shares of the e-commerce giant’s stock after acquiring an additional 28 shares during the quarter. Amazon.com comprises 2.1% of Family Management Corp’s holdings, making the stock its 10th largest holding. Family Management Corp’s holdings in Amazon.com were worth $5,312,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.3% in the second quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock valued at $59,294,918,000 after acquiring an additional 387,740 shares in the last quarter. BlackRock Inc. grew its stake in shares of Amazon.com by 1.6% during the second quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after buying an additional 415,448 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Amazon.com by 191,406.0% during the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after buying an additional 9,302,331 shares during the last quarter. Northern Trust Corp grew its stake in shares of Amazon.com by 1.2% during the second quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock valued at $9,463,210,000 after buying an additional 57,712 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of Amazon.com by 0.9% during the second quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock valued at $8,426,354,000 after buying an additional 41,699 shares during the last quarter. Hedge funds and other institutional investors own 55.71% of the company’s stock.
In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the transaction, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Insiders sold a total of 30,514 shares of company stock worth $56,347,835 over the last ninety days. 16.10% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.07 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.
AMZN has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,250.00 target price (up previously from $2,200.00) on shares of Amazon.com in a research note on Wednesday, July 24th. Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. Loop Capital set a $2,380.00 price target on Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. Wedbush reiterated a “buy” rating and issued a $2,350.00 price target on shares of Amazon.com in a report on Monday, July 22nd. Finally, BidaskClub lowered Amazon.com from a “sell” rating to a “strong sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $2,259.84.
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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