Bowling Portfolio Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% in the third quarter, HoldingsChannel reports. The fund owned 4,906 shares of the e-commerce giant’s stock after purchasing an additional 483 shares during the period. Amazon.com accounts for approximately 3.5% of Bowling Portfolio Management LLC’s investment portfolio, making the stock its 3rd largest holding. Bowling Portfolio Management LLC’s holdings in Amazon.com were worth $15,448,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in AMZN. Advisor Group Holdings Inc. acquired a new position in Amazon.com in the first quarter valued at approximately $294,639,000. Bank of New York Mellon Corp increased its position in shares of Amazon.com by 18.5% in the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock valued at $12,459,236,000 after buying an additional 704,255 shares in the last quarter. Capital Research Global Investors increased its position in shares of Amazon.com by 10.7% in the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock valued at $8,777,634,000 after buying an additional 435,331 shares in the last quarter. Capital World Investors increased its position in shares of Amazon.com by 11.4% in the first quarter. Capital World Investors now owns 4,125,258 shares of the e-commerce giant’s stock valued at $8,043,108,000 after buying an additional 423,738 shares in the last quarter. Finally, Softbank Group Corp purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $1,044,131,000. 57.32% of the stock is owned by institutional investors.
AMZN opened at $3,272.71 on Friday. The stock’s 50-day moving average price is $3,207.58 and its 200 day moving average price is $2,802.40. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,552.25. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1,639.27 billion, a price-to-earnings ratio of 125.83, a PEG ratio of 3.59 and a beta of 1.35.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The firm had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. On average, research analysts forecast that Amazon.com, Inc. will post 31.61 earnings per share for the current year.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 97,654 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the sale, the chief executive officer now owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 750 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $33,042,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,815 shares of company stock worth $324,095,003. 16.10% of the stock is owned by corporate insiders.
A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Amazon.com from $2,850.00 to $3,500.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Canaccord Genuity boosted 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, July 31st. Citigroup boosted their price objective on Amazon.com from $2,700.00 to $3,550.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wedbush boosted their price objective on Amazon.com from $3,500.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Robert W. Baird boosted their price target on Amazon.com from $3,000.00 to $3,500.00 in a research report on Friday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $3,438.90.
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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