Amazon.com, Inc. (NASDAQ:AMZN) is Redpoint Investment Management Pty Ltd’s 2nd Largest Position


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Redpoint Investment Management Pty Ltd raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,358 shares of the e-commerce giant’s stock after buying an additional 865 shares during the quarter. Amazon.com comprises 3.8% of Redpoint Investment Management Pty Ltd’s portfolio, making the stock its 2nd largest holding. Redpoint Investment Management Pty Ltd’s holdings in Amazon.com were worth $36,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. United Bank boosted its position in shares of Amazon.com by 5.1% during the 2nd quarter. United Bank now owns 1,036 shares of the e-commerce giant’s stock valued at $2,858,000 after acquiring an additional 50 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Amazon.com by 6.8% during the 2nd quarter. Principal Financial Group Inc. now owns 969,771 shares of the e-commerce giant’s stock valued at $2,675,423,000 after acquiring an additional 61,712 shares during the last quarter. Staley Capital Advisers Inc. boosted its position in shares of Amazon.com by 1.9% during the 2nd quarter. Staley Capital Advisers Inc. now owns 5,538 shares of the e-commerce giant’s stock valued at $15,278,000 after acquiring an additional 101 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Amazon.com by 7.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,386 shares of the e-commerce giant’s stock valued at $17,618,000 after acquiring an additional 461 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Amazon.com by 1.3% during the 2nd quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock valued at $44,283,569,000 after acquiring an additional 212,006 shares during the last quarter. 56.39% of the stock is owned by institutional investors and hedge funds.

Shares of AMZN stock opened at $3,165.89 on Thursday. The stock has a market cap of $1.59 trillion, a price-to-earnings ratio of 92.71, a PEG ratio of 2.43 and a beta of 1.19. The business’s fifty day moving average is $3,186.56 and its 200 day moving average is $3,160.85. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $3,552.25. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion for the quarter, compared to analysts’ expectations of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.23 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 34.56 earnings per share for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 1,200 shares of the company’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $3,114.36, for a total value of $3,737,232.00. Following the sale, the chief executive officer now directly owns 8,291 shares of the company’s stock, valued at $25,821,158.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total value of $21,263,784.30. Following the completion of the sale, the chief executive officer now directly owns 82,599 shares in the company, valued at $252,896,662.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,927 shares of company stock worth $46,256,596. 16.10% of the stock is owned by insiders.

AMZN has been the subject of a number of research analyst reports. BidaskClub downgraded Amazon.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 12th. Sanford C. Bernstein lifted their price target on Amazon.com from $3,400.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Wells Fargo & Company restated a “buy” rating and issued a $3,900.00 target price on shares of Amazon.com in a research report on Tuesday, November 24th. Societe Generale boosted their target price on Amazon.com from $2,730.00 to $3,660.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Finally, Mizuho boosted their target price on Amazon.com from $3,700.00 to $4,000.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-seven have issued a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average price target of $3,645.47.

About Amazon.com

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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