Beacon Capital Management LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,585 shares of the e-commerce giant’s stock after selling 415 shares during the period. Amazon.com comprises 1.0% of Beacon Capital Management LLC’s portfolio, making the stock its 17th largest holding. Beacon Capital Management LLC’s holdings in Amazon.com were worth $7,151,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of AMZN. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC raised its position in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors raised its position in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on AMZN shares. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Stifel Nicolaus dropped their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Scotiabank dropped their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Finally, Oppenheimer upped their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $245.60.
Insider Activity
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock worth $757,297,707 over the last ninety days. Insiders own 10.80% of the company’s stock.
Amazon.com Trading Up 1.5%
NASDAQ AMZN opened at $223.13 on Monday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company’s fifty day moving average price is $206.44 and its two-hundred day moving average price is $208.52.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Amazon.com Company 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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