Centre Asset Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,540 shares of the e-commerce giant’s stock after selling 5,263 shares during the period. Amazon.com comprises approximately 3.6% of Centre Asset Management LLC’s holdings, making the stock its 4th largest holding. Centre Asset Management LLC’s holdings in Amazon.com were worth $14,182,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc lifted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Buying and Selling
In other news, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last quarter. Corporate insiders own 9.70% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on AMZN
Amazon.com Price Performance
AMZN stock opened at $216.98 on Tuesday. The firm’s 50-day moving average price is $192.26 and its two-hundred day moving average price is $208.96. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.24, a PEG ratio of 1.50 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Amazon.com Profile
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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