IFM Investors Pty Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,640 shares of the e-commerce giant’s stock after purchasing an additional 5,895 shares during the quarter. Amazon.com accounts for 3.0% of IFM Investors Pty Ltd’s portfolio, making the stock its 3rd largest position. IFM Investors Pty Ltd’s holdings in Amazon.com were worth $31,684,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. RWC Asset Management LLP raised its position in shares of Amazon.com by 19.0% during the 4th quarter. RWC Asset Management LLP now owns 74,682 shares of the e-commerce giant’s stock valued at $87,338,000 after buying an additional 11,907 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Amazon.com by 7.0% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,026 shares of the e-commerce giant’s stock valued at $2,369,000 after buying an additional 133 shares in the last quarter. IBM Retirement Fund raised its position in shares of Amazon.com by 5.0% during the 4th quarter. IBM Retirement Fund now owns 10,364 shares of the e-commerce giant’s stock valued at $13,232,000 after buying an additional 498 shares in the last quarter. Wealth Advisors of Tampa Bay LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $2,406,000. Finally, Doyle Wealth Management raised its position in shares of Amazon.com by 25.6% during the 4th quarter. Doyle Wealth Management now owns 678 shares of the e-commerce giant’s stock valued at $793,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 57.36% of the company’s stock.
Several analysts have recently weighed in on AMZN shares. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 17th. Barclays restated a “buy” rating and set a $1,870.00 price objective on shares of Amazon.com in a research report on Friday, July 27th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 1st. Finally, Cowen raised their price objective on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Friday, July 13th. Four analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average target price of $2,005.64.
Amazon.com stock traded down $19.77 during trading hours on Friday, reaching $1,889.65. The stock had a trading volume of 6,815,264 shares, compared to its average volume of 5,020,204. The firm has a market cap of $976.95 billion, a PE ratio of 415.31, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58. Amazon.com, Inc. has a 52 week low of $962.50 and a 52 week high of $2,050.50. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 17.78 earnings per share for the current fiscal year.
In other news, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,817,200. The disclosure for this sale can be found here. In the last three months, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.
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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