Raymond James Trust N.A. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,600 shares of the e-commerce giant’s stock after selling 155 shares during the quarter. Amazon.com accounts for 1.3% of Raymond James Trust N.A.’s holdings, making the stock its 8th largest holding. Raymond James Trust N.A.’s holdings in Amazon.com were worth $30,228,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new stake in shares of Amazon.com in the 1st quarter valued at $294,639,000. Bank of New York Mellon Corp boosted its position in shares of Amazon.com by 18.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock valued at $12,459,236,000 after purchasing an additional 704,255 shares during the period. Capital Research Global Investors boosted its position in shares of Amazon.com by 10.7% in the 1st quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock valued at $8,777,634,000 after purchasing an additional 435,331 shares during the period. Capital World Investors boosted its position in shares of Amazon.com by 11.4% in the 1st quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock valued at $8,043,108,000 after purchasing an additional 423,738 shares during the period. Finally, Softbank Group Corp acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $1,044,131,000. Institutional investors own 57.32% of the company’s stock.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 97,654 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the sale, the chief executive officer now owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $33,042,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,815 shares of company stock worth $324,095,003. 16.10% of the stock is owned by insiders.
Shares of NASDAQ:AMZN opened at $3,272.71 on Friday. The business’s fifty day moving average price is $3,207.58 and its two-hundred day moving average price is $2,802.40. The stock has a market cap of $1,639.27 billion, a PE ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. As a group, equities research analysts predict that Amazon.com, Inc. will post 31.61 earnings per share for the current fiscal year.
AMZN has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Amazon.com from $3,000.00 to $3,600.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Canaccord Genuity upped their target price on Amazon.com from $3,300.00 to $3,800.00 and gave the company a “buy” rating in a research report on Friday, July 31st. DA Davidson upped their target price on Amazon.com from $2,625.00 to $3,800.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Cowen upped their price objective on Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, July 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have issued a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $3,438.90.
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 third-party sellers through physical stores and online stores.
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