Spinnaker Trust boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 28.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679 shares of the e-commerce giant’s stock after acquiring an additional 149 shares during the period. Spinnaker Trust’s holdings in Amazon.com were worth $1,154,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Lee Financial Co grew its position in shares of Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Amazon.com during the first quarter worth about $145,000. Legacy Advisors LLC grew its position in shares of Amazon.com by 47.1% during the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock worth $175,000 after acquiring an additional 33 shares during the last quarter. JJJ Advisors Inc. bought a new position in shares of Amazon.com during the second quarter worth about $175,000. Finally, WP Advisors LLC bought a new position in shares of Amazon.com during the second quarter worth about $177,000. 56.59% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:AMZN opened at $1,712.43 on Friday. Amazon.com, Inc. has a twelve month low of $1,121.63 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The stock has a market cap of $858.38 billion, a PE ratio of 108.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The company had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Equities research analysts expect that Amazon.com, Inc. will post 19.37 earnings per share for the current year.
In other Amazon.com news, Director Judith A. Mcgrath sold 500 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 1,927 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the sale, the senior vice president now directly owns 3,161 shares of the company’s stock, valued at $6,005,773.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,327 shares of company stock valued at $64,744,896. Insiders own 16.30% of the company’s stock.
Several research firms have recently commented on AMZN. BidaskClub upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research report on Friday. Nomura restated a “buy” rating on shares of Amazon.com in a research report on Thursday. William Blair restated an “outperform” rating on shares of Amazon.com in a research report on Monday, October 29th. Finally, JMP Securities restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 30th. Four investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average price target of $2,091.53.
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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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