Sabal Trust CO lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 227.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,586 shares of the e-commerce giant’s stock after acquiring an additional 17,771 shares during the quarter. Sabal Trust CO’s holdings in Amazon.com were worth $3,335,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kavar Capital Partners Group LLC lifted its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp lifted its holdings in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC boosted its position in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $126.64, for a total transaction of $63,320.00. Following the completion of the transaction, the chief executive officer now owns 105,520 shares in the company, valued at approximately $13,363,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the sale, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $126.64, for a total transaction of $63,320.00. Following the transaction, the chief executive officer now owns 105,520 shares in the company, valued at $13,363,052.80. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock valued at $55,207,763 over the last three months. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Price 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 EPS for the quarter, beating analysts’ consensus estimates 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. Equities research analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AMZN has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $135.00 to $150.00 in a report on Wednesday, June 21st. Benchmark upped their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Wolfe Research boosted their price target on Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity Group upped their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.30.
Check Out Our Latest Report on AMZN
Amazon.com Company 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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