Hartline Investment Corp lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,319 shares of the e-commerce giant’s stock after acquiring an additional 277 shares during the period. Amazon.com makes up 2.9% of Hartline Investment Corp’s investment portfolio, making the stock its 9th biggest position. Hartline Investment Corp’s holdings in Amazon.com were worth $11,966,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Gulf International Bank UK Ltd boosted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after buying an additional 480 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Amazon.com during the first quarter worth $214,000. RB Capital Management LLC increased its position in shares of Amazon.com by 8.5% in the 2nd quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after purchasing an additional 105 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Amazon.com by 8.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 924 shares of the e-commerce giant’s stock worth $1,749,000 after acquiring an additional 69 shares in the last quarter. Finally, Davy Asset Management Ltd purchased a new position in Amazon.com in the second quarter valued at approximately $3,528,000. 55.92% of the stock is currently owned by hedge funds and other institutional investors.
AMZN has been the subject of several recent research reports. Pivotal Research reiterated a “buy” rating and set a $2,615.00 target price (down previously from $2,750.00) on shares of Amazon.com in a research note on Friday, July 26th. Monness Crespi & Hardt set a $2,300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 26th. Oppenheimer set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Barclays raised Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and a consensus price target of $2,259.84.
Shares of AMZN traded down $13.35 during mid-day trading on Tuesday, hitting $1,818.00. 142,109 shares of the stock were exchanged, compared to its average volume of 2,988,806. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. The firm has a 50-day moving average of $1,826.58 and a two-hundred day moving average of $1,834.08. The company has a market cap of $906.96 billion, a PE ratio of 90.34, a price-to-earnings-growth ratio of 2.37 and a beta of 1.57. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current year.
In related news, insider David Zapolsky sold 763 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the sale, the insider now owns 2,698 shares of the company’s stock, valued at $5,396,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at $11,197,637.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,714 shares of company stock worth $51,174,807. 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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