Tufton Capital Management trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,103 shares of the e-commerce giant’s stock after selling 688 shares during the quarter. Amazon.com accounts for 1.7% of Tufton Capital Management’s portfolio, making the stock its 24th largest position. Tufton Capital Management’s holdings in Amazon.com were worth $7,965,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in AMZN. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares in the last quarter. State Street Corp increased 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 worth $37,272,937,000 after buying an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 buying an additional 295,880,050 shares in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after acquiring an additional 3,774,390 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on AMZN shares. Roth Mkm boosted their target price on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Citigroup boosted their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 target price on shares of Amazon.com in a research note on Tuesday, October 10th. Evercore ISI upped their price target on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $170.00 price objective on shares of Amazon.com in a research note on Thursday, October 19th. Two analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.00.
Amazon.com Trading Up 2.9 %
Shares of AMZN opened at $137.00 on Thursday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $132.22 and a 200-day simple moving average of $126.36. The stock has a market cap of $1.42 trillion, a PE ratio of 70.98, a PEG ratio of 1.90 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. On average, sell-side analysts predict that Amazon.com, Inc. will post 2.45 EPS for the current fiscal year.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 6,720 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $899,606.40. Following the completion of the transaction, the senior vice president now owns 107,196 shares in the company, valued at $14,350,328.52. The disclosure for this sale can be found here. Insiders sold 1,404,645 shares of company stock valued at $54,674,088 in the last three months. Corporate insiders own 12.70% of the company’s stock.
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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