Sterling Global Strategies LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 118 shares of the e-commerce giant’s stock, valued at approximately $201,000. Amazon.com comprises 1.3% of Sterling Global Strategies LLC’s portfolio, making the stock its 25th biggest holding.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Summit Trail Advisors LLC boosted its position in Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after acquiring an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in Amazon.com by 198,956.6% during the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after acquiring an additional 3,338,491 shares during the last quarter. Natixis boosted its position in Amazon.com by 296.9% during the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock worth $287,629,000 after acquiring an additional 148,654 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Amazon.com by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock worth $1,697,157,000 after acquiring an additional 111,563 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Amazon.com during the first quarter worth approximately $158,680,000. Hedge funds and other institutional investors own 56.73% of the company’s stock.
A number of brokerages recently issued reports on AMZN. Benchmark restated a “buy” rating and set a $2,100.00 target price on shares of Amazon.com in a research report on Friday, October 26th. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 23rd. BidaskClub downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $2,075.00 price target (up previously from $1,840.00) on shares of Amazon.com in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and forty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,091.53.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. On average, equities analysts expect that Amazon.com, Inc. will post 18.68 earnings per share for the current year.
In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $19,817,200. The disclosure for this sale can be found here. In the last three months, insiders sold 20,308 shares of company stock worth $38,986,448. Insiders own 16.30% of the company’s stock.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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