Cigna Investments Inc. New lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,832 shares of the e-commerce giant’s stock after purchasing an additional 2,020 shares during the period. Amazon.com accounts for approximately 4.1% of Cigna Investments Inc. New’s portfolio, making the stock its 3rd biggest holding. Cigna Investments Inc. New’s holdings in Amazon.com were worth $43,677,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Gantzert Investment Co. LLC ADV acquired a new stake in Amazon.com during the second quarter worth about $28,000. Lountzis Asset Management LLC acquired a new stake in Amazon.com during the second quarter valued at approximately $28,000. James Investment Research Inc. acquired a new stake in Amazon.com during the second quarter valued at approximately $55,000. Spence Asset Management boosted its holdings in Amazon.com by 57.1% during the second quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after purchasing an additional 8 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Amazon.com by 262.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock valued at $57,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 57.32% of the company’s stock.
In other Amazon.com news, Director Indra K. Nooyi acquired 27 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The stock was bought at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the purchase, the director now directly owns 707 shares in the company, valued at approximately $1,984,407.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 292 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $926,551.04. Following the transaction, the vice president now owns 6,281 shares of the company’s stock, valued at $19,930,366.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,815 shares of company stock valued at $324,095,003. Company insiders own 16.10% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. The company had revenue of $88.91 billion during the quarter, compared to analyst estimates of $81.56 billion. Research analysts expect that Amazon.com, Inc. will post 31.92 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $3,700.00 price objective (up from $3,200.00) on shares of Amazon.com in a report on Friday, July 31st. Oppenheimer lifted their price objective on Amazon.com from $2,700.00 to $3,500.00 and gave the company an “outperform” rating in a report on Friday, July 31st. DA Davidson lifted their price objective on Amazon.com from $2,625.00 to $3,800.00 and gave the company a “buy” rating in a report on Friday, July 31st. Benchmark lifted their price objective on Amazon.com from $2,650.00 to $3,675.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, August 3rd. Six analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $3,291.50.
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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