American International Group Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,089 shares of the e-commerce giant’s stock after purchasing an additional 290 shares during the period. American International Group Inc.’s holdings in Amazon.com were worth $258,521,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Amazon.com in the first quarter valued at $145,000. Legacy Advisors LLC boosted its holdings in Amazon.com by 47.1% in the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after acquiring an additional 33 shares during the last quarter. JJJ Advisors Inc. acquired a new position in Amazon.com in the second quarter valued at $175,000. WP Advisors LLC acquired a new position in Amazon.com in the second quarter valued at $177,000. Finally, NewSquare Capital LLC boosted its holdings in Amazon.com by 1,122.2% in the second quarter. NewSquare Capital LLC now owns 110 shares of the e-commerce giant’s stock valued at $200,000 after acquiring an additional 101 shares during the last quarter. 56.12% of the stock is owned by institutional investors and hedge funds.
NASDAQ:AMZN opened at $1,690.17 on Monday. 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 one year low of $1,124.74 and a one year high of $2,050.50. The stock has a market capitalization of $826.44 billion, a P/E ratio of 371.47, a price-to-earnings-growth ratio of 3.21 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 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 business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, equities research analysts predict that Amazon.com, Inc. will post 19.49 earnings per share for the current year.
In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated 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 completion of 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. In the last quarter, insiders sold 27,842 shares of company stock worth $46,521,741. Insiders own 16.30% of the company’s stock.
A number of research analysts recently weighed in on AMZN shares. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a report on Monday, October 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $2,525.00 target price on shares of Amazon.com in a report on Friday, October 12th. Nomura reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, November 8th. SunTrust Banks lifted their target price on Amazon.com to $2,250.00 and gave the company a “buy” rating in a report on Friday, October 26th. Finally, BidaskClub cut Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Three equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,101.01.
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Amazon.com Company Profile
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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