Trade Report: Today, Agran Libbie reaches $4,453,000 position of Amazon.com Inc. (AMZN)

Today, Agran Libbie reaches $4,453,000 position  of Amazon.com Inc. (AMZN)

Agran Libbie decreased its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,222 shares of the e-commerce giant’s stock after selling 29 shares during the period. Agran Libbie’s holdings in Amazon.com were worth $4,453,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Cornerstone Advisors Inc. boosted its position in Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock valued at $399,000 after buying an additional 2 shares in the last quarter. First Niagara Bank boosted its position in Amazon.com by 0.3% in the second quarter. First Niagara Bank now owns 1,330 shares of the e-commerce giant’s stock valued at $952,000 after buying an additional 4 shares in the last quarter. Hartford Financial Management Inc. boosted its position in Amazon.com by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 475 shares of the e-commerce giant’s stock valued at $339,000 after buying an additional 5 shares in the last quarter. Trust Co. of Virginia VA boosted its position in Amazon.com by 1.1% in the second quarter. Trust Co. of Virginia VA now owns 625 shares of the e-commerce giant’s stock valued at $447,000 after buying an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its position in Amazon.com by 0.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,302 shares of the e-commerce giant’s stock valued at $932,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 65.44% of the company’s stock.

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.32% on Thursday, hitting $841.66. The company had a trading volume of 2,684,013 shares. The company has a 50-day moving average of $787.49 and a 200 day moving average of $716.23. The stock has a market cap of $399.01 billion, a PE ratio of 209.32 and a beta of 1.20. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Analysts anticipate that Amazon.com Inc. will post $5.85 EPS for the current fiscal year.

Several research firms have weighed in on AMZN. JMP Securities restated a “buy” rating and set a $775.00 price target on shares of Amazon.com in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating and issued a $900.00 target price on shares of Amazon.com in a report on Sunday, July 10th. Bank of America Corp. reiterated a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a report on Sunday, July 17th. RBC Capital Markets set a $840.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 target price for the company in a report on Monday, June 20th. Seven investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $889.55.

In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 625 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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