Angeles Investment Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 998 shares of the e-commerce giant’s stock after selling 10 shares during the quarter. Amazon.com accounts for approximately 0.2% of Angeles Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. Angeles Investment Advisors LLC’s holdings in Amazon.com were worth $3,088,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $14,877,308,000. Morgan Stanley increased its stake in Amazon.com by 28.3% in the fourth quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock valued at $20,364,676,000 after acquiring an additional 1,377,328 shares during the last quarter. Polen Capital Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $1,997,340,000. Cohen Investment Advisors LLC boosted its position in Amazon.com by 34,666.4% during the first quarter. Cohen Investment Advisors LLC now owns 639,007 shares of the e-commerce giant’s stock valued at $5,033,000 after buying an additional 637,169 shares during the period. Finally, Clarus Group Inc. grew its holdings in shares of Amazon.com by 35,361.0% in the first quarter. Clarus Group Inc. now owns 250,000 shares of the e-commerce giant’s stock worth $1,006,000 after purchasing an additional 249,295 shares during the last quarter. Institutional investors and hedge funds own 57.03% of the company’s stock.
In other news, CEO Andrew R. Jassy sold 848 shares of the business’s stock in a transaction dated Monday, May 17th. The stock was sold at an average price of $3,245.93, for a total transaction of $2,752,548.64. Following the sale, the chief executive officer now owns 84,862 shares in the company, valued at $275,456,111.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David H. Clark sold 278 shares of the company’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $3,506.80, for a total transaction of $974,890.40. Following the transaction, the chief executive officer now owns 1,174 shares in the company, valued at approximately $4,116,983.20. The disclosure for this sale can be found here. Insiders have sold a total of 131,283 shares of company stock worth $450,104,986 over the last ninety days. 14.00% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $9.54 by $6.25. The business had revenue of $108.52 billion for the quarter, compared to analyst estimates of $105.23 billion. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. Research analysts predict that Amazon.com, Inc. will post 57.32 EPS for the current year.
AMZN has been the subject of several research analyst reports. JMP Securities raised their target price on shares of Amazon.com from $4,350.00 to $4,500.00 and gave the stock a “market outperform” rating in a research report on Friday, April 30th. Needham & Company LLC upped their target price on shares of Amazon.com from $3,700.00 to $4,150.00 and gave the stock a “buy” rating in a research note on Friday, April 30th. Oppenheimer boosted their target price on Amazon.com from $4,100.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 21st. MKM Partners increased their price target on Amazon.com from $3,975.00 to $4,075.00 in a report on Friday, April 30th. Finally, Susquehanna upped their price target on shares of Amazon.com from $5,200.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, April 30th. Two equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $4,165.46.
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.
Featured Article: What is the CBOE Russell 2000® Volatility Index?
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.