Axa S.A. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,393,015 shares of the e-commerce giant’s stock after selling 109,807 shares during the period. Amazon.com accounts for approximately 3.7% of Axa S.A.’s portfolio, making the stock its 4th biggest position. Axa S.A. owned about 0.06% of Amazon.com worth $1,235,450,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Abich Financial Wealth Management LLC raised its position in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 199 shares during the period. Alden Global Capital LLC acquired a new stake in Amazon.com during the second quarter worth $4,353,000. Alley Investment Management Company LLC raised its position in Amazon.com by 0.4% in the second quarter. Alley Investment Management Company LLC now owns 93,956 shares of the e-commerce giant’s stock valued at $18,157,000 after purchasing an additional 359 shares during the period. Wick Capital Partners LLC lifted its stake in shares of Amazon.com by 26.9% in the 2nd quarter. Wick Capital Partners LLC now owns 4,306 shares of the e-commerce giant’s stock valued at $832,000 after purchasing an additional 914 shares during the last quarter. Finally, Unisphere Establishment grew its holdings in shares of Amazon.com by 9.0% during the 2nd quarter. Unisphere Establishment now owns 1,022,000 shares of the e-commerce giant’s stock worth $197,502,000 after purchasing an additional 84,000 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AMZN. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Pivotal Research initiated coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Finally, Maxim Group raised their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.78.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $186.38 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.94 trillion, a P/E ratio of 52.21, a P/E/G ratio of 1.38 and a beta of 1.14. The stock has a 50 day moving average of $183.11 and a two-hundred day moving average of $183.54. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.
Insider Transactions at Amazon.com
In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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