Gareth Morgan Investments Limited Partnership trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 46.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,815 shares of the e-commerce giant’s stock after selling 10,048 shares during the quarter. Amazon.com comprises about 1.0% of Gareth Morgan Investments Limited Partnership’s holdings, making the stock its 17th biggest position. Gareth Morgan Investments Limited Partnership’s holdings in Amazon.com were worth $11,437,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Clear Investment Research LLC grew its holdings in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC grew its holdings in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter valued at about $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com during the first quarter valued at about $124,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) opened at $1,152.35 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. Amazon.com, Inc. has a 1-year low of $747.70 and a 1-year high of $1,213.41. The company has a market cap of $546,418.94, a price-to-earnings ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter last year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on AMZN shares. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Needham & Company LLC set a $1,150.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, August 25th. Independent Research reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 23rd. MKM Partners reiterated a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,210.68.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. Insiders sold a total of 399,538 shares of company stock valued at $441,142,749 over the last 90 days. Company insiders own 17.00% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thestockobserver.com/2017/12/07/gareth-morgan-investments-limited-partnership-trims-holdings-in-amazon-com-inc-amzn.html.
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.
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.