Richard P Slaughter Associates Inc bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,241 shares of the e-commerce giant’s stock, valued at approximately $231,000.
Other institutional investors also recently modified their holdings of the company. USAdvisors Wealth Management LLC grew its holdings in Amazon.com by 12.5% during the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after purchasing an additional 359 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter valued at $426,000. Veritas Asset Management LLP grew its holdings in Amazon.com by 19.6% during the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after purchasing an additional 1,286,797 shares during the period. Obermeyer Wood Investment Counsel Lllp grew its holdings in Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after purchasing an additional 3,840 shares during the period. Finally, Sarasin & Partners LLP grew its holdings in Amazon.com by 0.7% during the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock valued at $207,350,000 after purchasing an additional 17,993 shares during the period. 56.67% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares in the company, valued at $19,291,530.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $105.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 552,298 shares in the company, valued at $57,991,290. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. Insiders sold 73,345 shares of company stock worth $8,472,000 over the last three months. Company insiders own 12.30% of the company’s stock.
Analyst Upgrades and Downgrades
Amazon.com Stock Down 1.5 %
NASDAQ AMZN opened at $128.36 on Friday. 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 stock has a market capitalization of $1.32 trillion, a PE ratio of 305.62, a PEG ratio of 2.53 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’s 50-day moving average is $119.74 and its 200 day moving average is $104.59.
Amazon.com (NASDAQ:AMZN – Free Report) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 1.56 earnings per share for the current year.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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