Lyell Wealth Management LP lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,805 shares of the e-commerce giant’s stock after purchasing an additional 26 shares during the period. Amazon.com comprises 1.8% of Lyell Wealth Management LP’s portfolio, making the stock its 15th largest position. Lyell Wealth Management LP’s holdings in Amazon.com were worth $3,683,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Capital Advisors LLC raised its holdings in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after acquiring an additional 2,300,593 shares in the last quarter. State Street Corp raised its holdings in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after acquiring an additional 186,756 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Amazon.com in the first quarter valued at $157,189,000. Canada Pension Plan Investment Board raised its holdings in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after acquiring an additional 126,534 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Amazon.com by 11.9% in the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after acquiring an additional 93,757 shares in the last quarter. 60.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at 1000.93 on Friday. The firm has a 50-day moving average price of $970.06 and a 200 day moving average price of $965.51. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company has a market cap of $480.83 billion, a PE ratio of 254.56 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post $3.59 earnings per share for the current year.
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Several analysts recently issued reports on AMZN shares. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 15th. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, June 16th. Instinet cut their price target on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Friday, June 16th. Finally, Canaccord Genuity upped their price target on shares of Amazon.com from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,121.04.
In related news, insider Brian T. Olsavsky sold 2,334 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the sale, the insider now directly owns 1,748 shares in the company, valued at $1,728,597.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock worth $8,874,850 in the last 90 days. Corporate insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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