St. Johns Investment Management Company LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,209 shares of the e-commerce giant’s stock after selling 199 shares during the quarter. Amazon.com makes up about 2.4% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 7th largest holding. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $3,335,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gantzert Investment Co. LLC ADV purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $28,000. Your Advocates Ltd. LLP purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $37,000. James Investment Research Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $55,000. Spence Asset Management lifted its stake in shares of Amazon.com by 57.1% in the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after purchasing an additional 8 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Amazon.com by 262.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock valued at $57,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 64.54% of the company’s stock.
NASDAQ AMZN opened at $3,164.68 on Friday. The company has a market capitalization of $1,578.47 billion, a PE ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The business’s fifty day moving average is $2,884.55 and its 200 day moving average is $2,314.52. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The company had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 20.12 EPS for the current year.
A number of research analysts recently weighed in on AMZN shares. Goldman Sachs Group raised their price objective on Amazon.com from $3,800.00 to $4,200.00 and gave the company a “conviction-buy” rating in a research report on Friday. Canaccord Genuity raised their price objective on Amazon.com from $3,300.00 to $3,800.00 and gave the company a “buy” rating in a research report on Friday. Cowen raised their price objective on Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Rowe raised their price objective on Amazon.com from $2,500.00 to $3,000.00 and gave the company a “positive” rating in a research report on Friday, May 1st. Finally, China International Capital raised their price objective on Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $3,240.51.
In other news, Director Patricia Q. Stonesifer sold 2,200 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the transaction, the director now directly owns 4,645 shares in the company, valued at $10,820,248.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the transaction, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. 16.10% of the stock is owned by insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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