Richard Bernstein Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,297 shares of the e-commerce giant’s stock after selling 405 shares during the quarter. Amazon.com comprises 0.9% of Richard Bernstein Advisors LLC’s investment portfolio, making the stock its 19th largest position. Richard Bernstein Advisors LLC’s holdings in Amazon.com were worth $27,702,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AMZN. Guidant Wealth Advisors lifted its stake in shares of Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares during the period. Point72 Asia Hong Kong Ltd purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $145,000. Braun Bostich & Associates Inc. purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $174,000. Legacy Advisors LLC lifted its stake in shares of Amazon.com by 47.1% in the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after purchasing an additional 33 shares during the period. Finally, JJJ Advisors Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $175,000. Hedge funds and other institutional investors own 55.64% of the company’s stock.
In other news, Director Daniel P. Huttenlocher sold 181 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The disclosure for this sale can be found here. Insiders sold 25,842 shares of company stock valued at $42,513,241 in the last 90 days. Company insiders own 16.30% of the company’s stock.
AMZN stock opened at $1,629.13 on Friday. Amazon.com, Inc. has a 1-year low of $1,157.00 and a 1-year high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market capitalization of $830.85 billion, a PE ratio of 358.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion during the quarter, compared to analysts’ expectations of $57.05 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 19.49 EPS for the current fiscal year.
A number of brokerages have issued reports on AMZN. BidaskClub cut Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Morningstar reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, October 11th. Barclays reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, September 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 29th. Three analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $2,096.01.
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Amazon.com Company Profile
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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