Reinhart Partners Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374 shares of the e-commerce giant’s stock after selling 34 shares during the period. Reinhart Partners Inc.’s holdings in Amazon.com were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Guidant Wealth Advisors lifted its holdings in shares of Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares during the last quarter. Lee Financial Co lifted its holdings in shares of Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after purchasing an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $145,000. Braun Bostich & Associates Inc. purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $174,000. Finally, Legacy Advisors LLC lifted its holdings in shares of Amazon.com by 47.1% in the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after purchasing an additional 33 shares during the last quarter. 57.36% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. DA Davidson boosted their target price on Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Wells Fargo & Co restated a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a research report on Monday, October 1st. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Robert W. Baird restated a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie restated a “buy” rating and issued a $2,200.00 price target on shares of Amazon.com in a research report on Tuesday, October 2nd. Four analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,005.64.
NASDAQ AMZN opened at $1,864.42 on Tuesday. 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 12-month low of $962.50 and a 12-month high of $2,050.50. The company has a market cap of $976.95 billion, a price-to-earnings ratio of 409.76, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 17.78 EPS for the current year.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $20,042,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas O. Ryder sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares in the company, valued at approximately $19,179,525.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,308 shares of company stock worth $47,905,498 in the last quarter. 16.30% of the stock is currently owned by insiders.
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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