Glassy Mountain Advisors Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,774 shares of the e-commerce giant’s stock, valued at approximately $2,669,000. Amazon.com makes up 1.5% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its position in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc increased its holdings in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after buying an additional 57,043,701 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $97.71 on Tuesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a 50-day simple moving average of $97.22 and a 200-day simple moving average of $101.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a market capitalization of $1.00 trillion, a price-to-earnings ratio of -364.58, a PEG ratio of 4.06 and a beta of 1.25.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. On average, analysts predict that Amazon.com, Inc. will post 1.33 EPS for the current year.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
Read More
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