IFM Investors Pty Ltd grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 46.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,640 shares of the e-commerce giant’s stock after acquiring an additional 5,895 shares during the quarter. Amazon.com accounts for approximately 3.0% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 3rd biggest position. IFM Investors Pty Ltd’s holdings in Amazon.com were worth $31,684,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Community Bank & Trust Waco Texas boosted its position in shares of Amazon.com by 24.2% in the second quarter. Community Bank & Trust Waco Texas now owns 1,292 shares of the e-commerce giant’s stock valued at $2,196,000 after acquiring an additional 252 shares during the period. First American Trust FSB boosted its position in shares of Amazon.com by 1.5% in the second quarter. First American Trust FSB now owns 6,979 shares of the e-commerce giant’s stock valued at $11,863,000 after acquiring an additional 105 shares during the period. Clinton Group Inc. bought a new stake in shares of Amazon.com in the second quarter valued at about $2,082,000. Rockland Trust Co. boosted its position in shares of Amazon.com by 97.6% in the second quarter. Rockland Trust Co. now owns 2,350 shares of the e-commerce giant’s stock valued at $3,995,000 after acquiring an additional 1,161 shares during the period. Finally, Newman Dignan & Sheerar Inc. boosted its position in shares of Amazon.com by 13.3% in the second quarter. Newman Dignan & Sheerar Inc. now owns 282 shares of the e-commerce giant’s stock valued at $479,000 after acquiring an additional 33 shares during the period. 57.41% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on AMZN. Macquarie reissued a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. BidaskClub cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 8th. JMP Securities reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, June 21st. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 target price for the company in a research report on Tuesday, July 31st. Finally, ValuEngine raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The company presently 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. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. The stock has a market cap of $969.21 billion, a price-to-earnings ratio of 437.33, a price-to-earnings-growth ratio of 4.14 and a beta of 1.60. Amazon.com, Inc. has a 12 month low of $931.75 and a 12 month high of $2,050.50.
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 Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. sell-side analysts predict that Amazon.com, Inc. will post 17.77 earnings per share for the current year.
In other news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the sale, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the business’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 disclosure for this sale can be found here. In the last three months, insiders have sold 23,308 shares of company stock valued at $43,942,058. Insiders own 16.30% of the company’s stock.
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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