Mitsubishi UFJ Trust & Banking Corp reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,134,110 shares of the e-commerce giant’s stock after selling 12,865 shares during the quarter. Amazon.com comprises 2.1% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 2nd largest holding. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Amazon.com worth $1,097,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the stock. Osborn Williams & Donohoe LLC lifted its stake in Amazon.com by 1.1% in the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after buying an additional 10 shares during the period. Reinhart Partners Inc. lifted its stake in Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after buying an additional 316 shares during the period. Goelzer Investment Management Inc. lifted its stake in Amazon.com by 48.7% in the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after buying an additional 130 shares during the period. Lakeview Capital Partners LLC lifted its stake in Amazon.com by 19.6% in the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after buying an additional 176 shares during the period. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $871,000. 59.79% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on AMZN shares. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt raised Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 target price on the stock in a research report on Friday, October 27th. Cowen reaffirmed an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 30th. Finally, TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Four research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,219.02.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold 399,538 shares of company stock valued at $441,142,749 in the last quarter. 17.70% of the stock is owned by company insiders.
Amazon.com, Inc. (NASDAQ AMZN) traded up $7.44 on Thursday, hitting $1,159.79. The stock had a trading volume of 2,509,189 shares, compared to its average volume of 3,579,047. The stock has a market cap of $558,540.00, a PE ratio of 289.74, a PEG ratio of 14.30 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 52 week low of $747.70 and a 52 week high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. sell-side analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
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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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