USS Investment Management Ltd continued to hold its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,000 shares of the e-commerce giant’s stock at the close of the 2nd quarter. Amazon.com makes up 1.0% of USS Investment Management Ltd’s holdings, making the stock its 26th biggest holding. USS Investment Management Ltd’s holdings in Amazon.com were worth $103,576,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC grew its stake in Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. State Street Corp grew its stake in Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares in the last quarter. Karp Capital Management Corp acquired a new position in Amazon.com during the 1st quarter worth $157,189,000. Canada Pension Plan Investment Board grew its stake in Amazon.com by 75.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 277,830 shares of the e-commerce giant’s stock worth $268,939,000 after purchasing an additional 119,800 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Amazon.com by 16.1% during the 2nd quarter. Prudential Financial Inc. now owns 807,885 shares of the e-commerce giant’s stock worth $782,032,000 after purchasing an additional 112,005 shares in the last quarter. Hedge funds and other institutional investors own 59.83% of the company’s stock.
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Several research analysts recently commented on AMZN shares. Canaccord Genuity reissued a “buy” rating and set a $1,200.00 target price on shares of Amazon.com in a research note on Wednesday, October 11th. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Wedbush set a $1,250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Monday, October 23rd. Citigroup Inc. reaffirmed a “buy” rating and set a $1,200.00 price objective (down from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. Finally, Royal Bank Of Canada set a $1,100.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Monday, September 11th. Five equities research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,160.04.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. research analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current year.
In other news, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the sale, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 397,833 shares of company stock worth $439,137,961. Corporate insiders own 17.00% of the company’s stock.
Amazon.com Company Profile
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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