British Airways Pensions Investment Management Ltd decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,311 shares of the e-commerce giant’s stock after selling 4,629 shares during the period. Amazon.com comprises about 1.6% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 10th largest position. British Airways Pensions Investment Management Ltd’s holdings in Amazon.com were worth $54,326,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Bridgeworth LLC purchased a new position in Amazon.com during the fourth quarter valued at $390,000. Cigna Investments Inc. New purchased a new position in Amazon.com during the fourth quarter valued at $11,707,000. Stockbridge Partners LLC raised its position in Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock valued at $89,895,000 after buying an additional 62,312 shares during the last quarter. Hengehold Capital Management LLC raised its position in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares during the last quarter. Finally, Boston Advisors LLC raised its position in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares during the last quarter. Hedge funds and other institutional investors own 62.48% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) opened at 1046.00 on Friday. The firm has a market capitalization of $499.96 billion, a PE ratio of 196.99 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The company has a 50 day moving average of $997.84 and a 200 day moving average of $912.68.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by $1.02. The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. On average, analysts anticipate that Amazon.com, Inc. will post $6.72 earnings per share for the current fiscal year.
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Several research firms have weighed in on AMZN. Maxim Group reiterated a “buy” rating and issued a $1,300.00 target price on shares of Amazon.com in a report on Wednesday. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,050.00 target price on shares of Amazon.com in a report on Wednesday. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday. Macquarie reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Finally, KeyCorp reiterated a “hold” rating on shares of Amazon.com in a report on Sunday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $1,026.52.
In other news, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $940.45, for a total value of $630,101.50. Following the transaction, the director now owns 21,855 shares in the company, valued at approximately $20,553,534.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $940.74, for a total value of $940,740,000.00. Following the completion of the transaction, the chief executive officer now owns 80,857,196 shares in the company, valued at approximately $76,065,598,565.04. The disclosure for this sale can be found here. Insiders sold a total of 1,014,090 shares of company stock worth $954,546,394 in the last quarter. 17.70% of the stock is owned by corporate insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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