Bbva Compass Bancshares Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,359 shares of the e-commerce giant’s stock after selling 1,388 shares during the period. Amazon.com comprises about 2.3% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 3rd largest holding. Bbva Compass Bancshares Inc.’s holdings in Amazon.com were worth $36,306,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Guidant Wealth Advisors lifted its holdings in Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 355 shares during the last quarter. Lee Financial Co lifted its holdings in Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after buying an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Amazon.com during the 1st quarter worth about $145,000. Braun Bostich & Associates Inc. purchased a new stake in Amazon.com during the 1st quarter worth about $174,000. Finally, Legacy Advisors LLC lifted its holdings in Amazon.com by 47.1% during the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock worth $175,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 56.59% of the company’s stock.
NASDAQ AMZN opened at $1,712.43 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a 12-month low of $1,121.63 and a 12-month high of $2,050.50. The company has a market cap of $803.28 billion, a price-to-earnings ratio of 376.36, a price-to-earnings-growth ratio of 3.14 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The company had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 19.37 EPS for the current year.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 2,054 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,899.75, for a total transaction of $3,902,086.50. Following the transaction, the insider now owns 46,595 shares in the company, valued at approximately $88,518,851.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $20,042,500. The disclosure for this sale can be found here. Insiders have sold a total of 36,327 shares of company stock worth $64,744,896 in the last quarter. 16.30% of the stock is currently owned by insiders.
A number of analysts have issued reports on the company. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity lifted their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday. BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Four research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,091.53.
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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