Columbus Circle Investors lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,415 shares of the e-commerce giant’s stock after selling 300 shares during the period. Amazon.com accounts for 1.4% of Columbus Circle Investors’ investment portfolio, making the stock its 21st largest position. Columbus Circle Investors’ holdings in Amazon.com were worth $34,251,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com during the 2nd quarter worth about $28,000. Sofos Investments Inc. lifted its holdings in Amazon.com by 120.0% during the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after purchasing an additional 66 shares in the last quarter. Your Advocates Ltd. LLP purchased a new stake in Amazon.com during the 1st quarter worth about $37,000. James Investment Research Inc. purchased a new stake in Amazon.com during the 2nd quarter worth about $55,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after purchasing an additional 21 shares in the last quarter. 64.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Amazon.com news, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the sale, the chief executive officer now owns 93,105 shares in the company, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Indra K. Nooyi acquired 27 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was acquired at an average price of $2,806.80 per share, with a total value of $75,783.60. Following the acquisition, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. Company insiders own 16.10% of the company’s stock.
NASDAQ AMZN opened at $3,164.68 on Friday. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29. 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 stock has a 50 day simple moving average of $2,884.55 and a two-hundred day simple moving average of $2,314.52. The stock has a market cap of $1,578.47 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the 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 business had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. Sell-side analysts predict that Amazon.com, Inc. will post 20.12 earnings per share for the current year.
AMZN has been the topic of a number of recent research reports. Susquehanna Bancshares reissued a “positive” rating and set a $3,000.00 price objective (up previously from $2,500.00) on shares of Amazon.com in a report on Friday, May 1st. Oppenheimer upped their target price on Amazon.com from $2,700.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Friday. Monness Crespi & Hardt upped their target price on Amazon.com from $3,500.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Friday. BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, William Blair restated a “buy” rating on shares of Amazon.com in a research note on Monday, June 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $3,240.51.
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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