Curbstone Financial Management Corp cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,096 shares of the e-commerce giant’s stock after selling 60 shares during the quarter. Amazon.com makes up 1.5% of Curbstone Financial Management Corp’s investment portfolio, making the stock its 16th largest holding. Curbstone Financial Management Corp’s holdings in Amazon.com were worth $5,263,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in AMZN. RWC Asset Management LLP increased its position in shares of Amazon.com by 19.0% during the 4th quarter. RWC Asset Management LLP now owns 74,682 shares of the e-commerce giant’s stock valued at $87,338,000 after purchasing an additional 11,907 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Amazon.com by 7.0% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,026 shares of the e-commerce giant’s stock valued at $2,369,000 after purchasing an additional 133 shares during the last quarter. IBM Retirement Fund increased its position in shares of Amazon.com by 5.0% during the 4th quarter. IBM Retirement Fund now owns 10,364 shares of the e-commerce giant’s stock valued at $13,232,000 after purchasing an additional 498 shares during the last quarter. Wealth Advisors of Tampa Bay LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $2,406,000. Finally, Doyle Wealth Management increased its position in shares of Amazon.com by 25.6% during the 4th quarter. Doyle Wealth Management now owns 678 shares of the e-commerce giant’s stock valued at $793,000 after purchasing an additional 138 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.
In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,308 shares of company stock worth $43,942,058. Insiders own 16.30% of the company’s stock.
AMZN has been the subject of several research reports. BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 31st. Jefferies Financial Group reiterated a “buy” rating and set a $2,185.00 price target on shares of Amazon.com in a research note on Friday, August 17th. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, August 17th. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, July 30th. Finally, Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $2,018.00 price target for the company in a research note on Tuesday, July 24th. One analyst has rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,976.73.
Shares of NASDAQ AMZN opened at $1,989.87 on Friday. Amazon.com, Inc. has a 52 week low of $931.75 and a 52 week high of $2,050.50. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $969.21 billion, a price-to-earnings ratio of 437.33, a P/E/G ratio of 4.14 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping the consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue was up 39.3% compared to the same quarter last year. equities analysts forecast that Amazon.com, Inc. will post 17.77 earnings per share for the current fiscal year.
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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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