Obermeyer Wood Investment Counsel Lllp trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,350 shares of the e-commerce giant’s stock after selling 1,954 shares during the quarter. Amazon.com comprises 2.3% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 18th biggest position. Obermeyer Wood Investment Counsel Lllp’s holdings in Amazon.com were worth $30,806,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its holdings in shares of Amazon.com by 11.5% in the first quarter. Riggs Asset Managment Co. Inc. now owns 15,180 shares of the e-commerce giant’s stock valued at $1,568,000 after buying an additional 1,562 shares during the period. Great Lakes Retirement Inc. raised its position in Amazon.com by 26.6% in the first quarter. Great Lakes Retirement Inc. now owns 89,774 shares of the e-commerce giant’s stock worth $9,273,000 after acquiring an additional 18,879 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in shares of Amazon.com by 0.8% during the 1st quarter. Nicolet Bankshares Inc. now owns 34,000 shares of the e-commerce giant’s stock valued at $2,129,000 after purchasing an additional 280 shares in the last quarter. Spire Wealth Management grew its stake in shares of Amazon.com by 7.0% in the 1st quarter. Spire Wealth Management now owns 363,544 shares of the e-commerce giant’s stock worth $37,550,000 after purchasing an additional 23,662 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $667,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the sale, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at approximately $271,973,842.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.92, for a total value of $2,937,267.36. Following the completion of the transaction, the chief executive officer now owns 2,030,868 shares in the company, valued at $271,973,842.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. Insiders sold 1,362,329 shares of company stock valued at $48,508,072 over the last quarter. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Equities research analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently commented on AMZN. Tigress Financial increased their price objective on Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Citigroup upped their target price on Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley boosted their price objective on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. CICC Research began coverage on shares of Amazon.com in a report on Sunday, July 9th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC boosted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.87.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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