Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,880,493 shares of the e-commerce giant’s stock after selling 15,844 shares during the quarter. Amazon.com accounts for about 3.7% of Sumitomo Mitsui Trust Holdings Inc.’s portfolio, making the stock its 3rd largest holding. Sumitomo Mitsui Trust Holdings Inc. owned about 0.38% of Amazon.com worth $5,187,942,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Gantzert Investment Co. LLC ADV acquired a new position in Amazon.com in the 2nd quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new position in Amazon.com in the 1st quarter worth about $37,000. James Investment Research Inc. acquired a new position in Amazon.com in the 2nd quarter worth about $55,000. Spence Asset Management raised its holdings in Amazon.com by 57.1% in the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock worth $61,000 after purchasing an additional 8 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Amazon.com by 262.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after purchasing an additional 21 shares during the period. 64.54% of the stock is owned by institutional investors and hedge funds.
In other news, Director Indra K. Nooyi acquired 27 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the completion of the transaction, the director now directly owns 707 shares in the company, valued at $1,984,407.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the completion of the sale, the director now owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
Shares of AMZN stock opened at $3,164.68 on Friday. The stock’s 50-day moving average is $2,884.55 and its two-hundred day moving average is $2,314.52. The firm has a market cap of $1,578.47 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The firm had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. As a group, research analysts predict that Amazon.com, Inc. will post 20.12 EPS for the current year.
A number of equities analysts recently weighed in on AMZN shares. MKM Partners upped their price target on Amazon.com from $3,550.00 to $3,650.00 in a report on Friday. Oppenheimer boosted their price objective on Amazon.com from $2,700.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup boosted their price objective on Amazon.com from $2,700.00 to $3,550.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Bank of America upped their price target on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $3,240.51.
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 third-party sellers through physical stores and online stores.
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