L & S Advisors Inc decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,139 shares of the e-commerce giant’s stock after selling 177 shares during the period. Amazon.com comprises approximately 2.0% of L & S Advisors Inc’s holdings, making the stock its 3rd largest holding. L & S Advisors Inc’s holdings in Amazon.com were worth $15,412,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Hayden Royal LLC purchased a new stake in Amazon.com during the fourth quarter worth about $6,389,000. Fiduciary Trust Co. increased its stake in shares of Amazon.com by 2.9% during the fourth quarter. Fiduciary Trust Co. now owns 31,178 shares of the e-commerce giant’s stock worth $46,828,000 after buying an additional 878 shares during the period. Neumann Capital Management LLC increased its stake in shares of Amazon.com by 24.0% during the fourth quarter. Neumann Capital Management LLC now owns 284 shares of the e-commerce giant’s stock worth $427,000 after buying an additional 55 shares during the period. Retirement Income Solutions Inc increased its stake in shares of Amazon.com by 2.5% during the fourth quarter. Retirement Income Solutions Inc now owns 1,349 shares of the e-commerce giant’s stock worth $2,026,000 after buying an additional 33 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC increased its stake in shares of Amazon.com by 81.5% during the fourth quarter. LeJeune Puetz Investment Counsel LLC now owns 245 shares of the e-commerce giant’s stock worth $368,000 after buying an additional 110 shares during the period. 55.92% of the stock is owned by hedge funds and other institutional investors.
In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the transaction, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders sold 27,714 shares of company stock valued at $51,174,807 in the last quarter. 16.10% of the stock is currently owned by company insiders.
AMZN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. Deutsche Bank upped their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the company a “buy” rating in a report on Monday, July 22nd. KeyCorp reaffirmed an “overweight” rating and issued a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,259.84.
NASDAQ:AMZN opened at $1,844.29 on Friday. The stock has a fifty day moving average price of $1,820.31 and a two-hundred day moving average price of $1,836.05. The stock has a market capitalization of $900.55 billion, a price-to-earnings ratio of 91.57, a PEG ratio of 2.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 EPS. On average, analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current year.
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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