Neville Rodie & Shaw Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1,744.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 110,900 shares of the e-commerce giant’s stock after purchasing an additional 104,887 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Amazon.com were worth $11,778,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Gibson Wealth Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC boosted its holdings in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the period. William Allan LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $47,000. Cardinal Capital Management Inc. purchased a new position in Amazon.com in the 1st quarter worth approximately $49,000. Finally, Security Financial Services INC. purchased a new position in Amazon.com in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The disclosure for this sale can be found here. Insiders sold 70,628 shares of company stock valued at $9,802,599 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Amazon.com Trading Down 2.2 %
NASDAQ:AMZN opened at $123.53 on Friday. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 110.74, a PEG ratio of 5.63 and a beta of 1.33. The business has a fifty day moving average of $129.52 and a 200-day moving average of $130.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the previous year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current year.
Amazon.com Company Profile
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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