Cohen Klingenstein LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 613,590 shares of the e-commerce giant’s stock after selling 4,030 shares during the period. Amazon.com comprises about 3.5% of Cohen Klingenstein LLC’s investment portfolio, making the stock its 7th biggest holding. Cohen Klingenstein LLC’s holdings in Amazon.com were worth $79,988,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of AMZN. State Street Corp raised its holdings in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 buying an additional 295,880,050 shares during the last quarter. FMR LLC raised its holdings in shares of 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 buying an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after buying an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $8,263,591,000. Institutional investors own 57.96% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the topic of a number of recent analyst reports. Tigress Financial lifted their price target on Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Citigroup lifted their price target on Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a report on Friday, August 4th. Bank of America reiterated a “buy” rating and set a $174.00 price objective on shares of Amazon.com in a research note on Tuesday. JMP Securities raised their price objective on shares of Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Amazon.com in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.
Amazon.com Trading Up 0.9 %
Shares of NASDAQ:AMZN opened at $127.12 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86. The firm has a fifty day moving average of $134.87 and a two-hundred day moving average of $121.68. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 100.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. On average, equities analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Insider Activity at Amazon.com
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $128.17, for a total transaction of $64,085.00. Following the completion of the transaction, the chief executive officer now owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,408,645 shares of company stock valued at $55,223,448. Insiders own 12.30% of the company’s stock.
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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