Hermes Investment Management Ltd. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,579 shares of the e-commerce giant’s stock after acquiring an additional 9,415 shares during the period. Amazon.com accounts for approximately 2.5% of Hermes Investment Management Ltd.’s portfolio, making the stock its 4th biggest position. Hermes Investment Management Ltd.’s holdings in Amazon.com were worth $184,563,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Guidant Wealth Advisors raised its holdings in 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 buying an additional 355 shares during the period. Lee Financial Co raised its holdings in 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 buying an additional 54 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in Amazon.com in the 1st quarter valued at about $145,000. Braun Bostich & Associates Inc. purchased a new stake in Amazon.com in the 1st quarter valued at about $174,000. Finally, Legacy Advisors LLC raised its holdings in 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 buying an additional 33 shares during the period. Institutional investors and hedge funds own 57.36% of the company’s stock.
In other news, SVP David Zapolsky sold 1,927 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the completion of the sale, the senior vice president now owns 3,161 shares in the company, valued at $6,005,773.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Mcgrath sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,308 shares of company stock valued at $47,905,498. 16.30% of the stock is owned by company insiders.
Shares of NASDAQ AMZN opened at $1,788.61 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com, Inc. has a twelve month low of $962.50 and a twelve month high of $2,050.50. The company has a market capitalization of $976.95 billion, a price-to-earnings ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 17.78 earnings per share for the current year.
AMZN has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 17th. Morningstar reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday. Barclays reaffirmed a “buy” rating and issued a $1,870.00 target price on shares of Amazon.com in a research report on Friday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 1st. Four research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2,005.64.
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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