McIlrath & Eck LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 252 shares of the e-commerce giant’s stock after selling 72 shares during the period. Amazon.com accounts for approximately 0.3% of McIlrath & Eck LLC’s holdings, making the stock its 22nd largest holding. McIlrath & Eck LLC’s holdings in Amazon.com were worth $428,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FTB Advisors Inc. lifted its stake in shares of Amazon.com by 103.7% in the 2nd quarter. FTB Advisors Inc. now owns 2,347 shares of the e-commerce giant’s stock valued at $3,988,000 after purchasing an additional 1,195 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Amazon.com by 29.3% in the 2nd quarter. Toronto Dominion Bank now owns 297,439 shares of the e-commerce giant’s stock valued at $505,481,000 after purchasing an additional 67,480 shares in the last quarter. Bowling Portfolio Management LLC lifted its stake in shares of Amazon.com by 3.6% in the 2nd quarter. Bowling Portfolio Management LLC now owns 4,418 shares of the e-commerce giant’s stock valued at $7,510,000 after purchasing an additional 152 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Amazon.com by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 555,156 shares of the e-commerce giant’s stock worth $943,654,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $1,911,000. 56.12% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on AMZN. Barclays reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday. Wells Fargo & Co reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday. Zacks Investment Research reissued a “buy” rating and set a $1,714.00 price target on shares of Amazon.com in a research report on Monday, November 12th. Finally, BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $2,085.14.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. On average, equities analysts forecast that Amazon.com, Inc. will post 19.49 EPS for the current year.
In related news, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the transaction, the chief executive officer now directly owns 78,884,539 shares in the company, valued at approximately $128,757,711,091.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.69, for a total value of $2,704,106.94. The disclosure for this sale can be found here. Insiders sold a total of 31,950 shares of company stock valued at $54,540,968 over the last quarter. Company insiders own 16.30% of the company’s stock.
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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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