Peregrine Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 34,016 shares of the e-commerce giant’s stock after selling 1,773 shares during the period. Amazon.com comprises approximately 1.4% of Peregrine Capital Management LLC’s portfolio, making the stock its largest position. Peregrine Capital Management LLC’s holdings in Amazon.com were worth $57,820,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Amazon.com by 0.7% in the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after buying an additional 31 shares during the last quarter. Palladium Partners LLC increased its stake in shares of Amazon.com by 6.9% during the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after acquiring an additional 32 shares during the period. Cim Investment Mangement Inc. increased its stake in shares of Amazon.com by 2.1% during the first quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock worth $2,327,000 after acquiring an additional 33 shares during the period. Newman Dignan & Sheerar Inc. increased its stake in shares of Amazon.com by 13.3% during the second quarter. Newman Dignan & Sheerar Inc. now owns 282 shares of the e-commerce giant’s stock worth $479,000 after acquiring an additional 33 shares during the period. Finally, American Economic Planning Group Inc. ADV grew its position in Amazon.com by 5.0% during the first quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock worth $1,042,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 57.36% of the company’s stock.
Several research analysts have weighed in on the stock. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. BidaskClub downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 price target on the stock in a report on Tuesday, July 31st. Finally, ValuEngine downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $2,005.64.
Shares of Amazon.com stock traded up $69.25 during trading hours on Friday, reaching $1,788.61. The company’s stock had a trading volume of 9,384,185 shares, compared to its average volume of 5,128,370. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. Amazon.com, Inc. has a one year low of $962.50 and a one year high of $2,050.50. The company has a market cap of $976.95 billion, a P/E ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 39.3% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 17.78 earnings per share for the current year.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s 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 transaction, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is currently owned by insiders.
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.
Further Reading: Penny Stocks, What You Need To Know
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.