Auto Owners Insurance Co acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 358,300 shares of the e-commerce giant’s stock, valued at approximately $30,097,000. Amazon.com accounts for about 1.1% of Auto Owners Insurance Co’s investment portfolio, making the stock its 23rd biggest holding.
A number of other institutional investors have also recently made changes to their positions in AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in Amazon.com in the fourth quarter valued at $27,000. St. James Investment Advisors LLC boosted its holdings in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in Amazon.com in the fourth quarter valued at $32,000. Laurel Wealth Planning LLC boosted its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com in the first quarter valued at $38,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Insider Activity
In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the transaction, the chief executive officer now directly owns 152,780 shares in the company, valued at approximately $19,291,530.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now owns 152,780 shares in the company, valued at approximately $19,291,530.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $120.61, for a total value of $482,440.00. Following the sale, the chief executive officer now owns 568,301 shares in the company, valued at approximately $68,542,783.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,644 shares of company stock worth $8,576,262. 12.70% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Amazon.com Trading Up 0.1 %
AMZN stock opened at $126.66 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 301.57, a PEG ratio of 2.40 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The business has a 50 day simple moving average of $111.26 and a two-hundred day simple moving average of $100.38.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Research analysts anticipate that Amazon.com, Inc. will post 1.56 EPS for the current fiscal year.
Amazon.com Profile
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.
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