Burleson & Company LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 72.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,160 shares of the e-commerce giant’s stock after buying an additional 486 shares during the quarter. Amazon.com accounts for about 1.1% of Burleson & Company LLC’s investment portfolio, making the stock its 24th largest holding. Burleson & Company LLC’s holdings in Amazon.com were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the stock. Lee Financial Co boosted its holdings in shares of Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after purchasing an additional 54 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com in the 1st quarter valued at $145,000. Legacy Advisors LLC boosted its holdings in shares of Amazon.com by 47.1% in the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after purchasing an additional 33 shares in the last quarter. JJJ Advisors Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $175,000. Finally, WP Advisors LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $177,000. 56.73% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on AMZN shares. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, July 17th. Morningstar reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, October 11th. Barclays reaffirmed a “buy” rating and issued a $1,870.00 target price on shares of Amazon.com in a report on Friday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, October 1st. Finally, Cowen raised their target price on Amazon.com from $2,000.00 to $2,100.00 and gave the company an “outperform” rating in a report on Friday, July 13th. Four analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $2,091.53.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. Analysts expect that Amazon.com, Inc. will post 17.81 earnings per share for the current fiscal year.
In related news, insider Jeffrey M. Blackburn sold 2,054 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,899.75, for a total transaction of $3,902,086.50. Following the completion of the transaction, the insider now directly owns 46,595 shares of the company’s stock, valued at approximately $88,518,851.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,308 shares of company stock valued at $38,986,448. 16.30% of the stock is owned by corporate 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 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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