Triangle Securities Wealth Management reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,810 shares of the e-commerce giant’s stock after selling 198 shares during the period. Triangle Securities Wealth Management’s holdings in Amazon.com were worth $2,322,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares in the last quarter. State Street Corp raised its position in Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% during 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 purchasing an additional 295,880,050 shares during the period. FMR LLC raised its position 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 valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC raised its position in Amazon.com by 2.3% during the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock valued at $17,031,683,000 after purchasing an additional 3,774,390 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $128.17, for a total transaction of $64,085.00. Following the sale, the chief executive officer now directly owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $128.17, for a total transaction of $64,085.00. Following the sale, the chief executive officer now directly owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total value of $534,200.00. Following the sale, the chief executive officer now directly owns 560,301 shares in the company, valued at $74,828,198.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,223,448. Company insiders own 12.30% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, research analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on AMZN shares. Mizuho upped their price objective on Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Telsey Advisory Group restated an “outperform” rating and set a $160.00 price objective on shares of Amazon.com in a research report on Friday. Jefferies Financial Group upped their target price on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Barclays upped their target price on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Finally, Loop Capital upped their target price on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $161.22.
Check Out Our Latest Research Report on Amazon.com
About Amazon.com
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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