Meritage Group LP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 30.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,373 shares of the e-commerce giant’s stock after purchasing an additional 72,293 shares during the quarter. Amazon.com makes up approximately 5.5% of Meritage Group LP’s holdings, making the stock its 3rd biggest position. Meritage Group LP’s holdings in Amazon.com were worth $301,261,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whitnell & Co. boosted its position in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC boosted its position in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $121,000. Lee Financial Co boosted its position in shares of Amazon.com by 285.7% during the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock valued at $130,000 after acquiring an additional 100 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new position in shares of Amazon.com during the 3rd quarter valued at approximately $131,000. Hedge funds and other institutional investors own 59.31% of the company’s stock.
In related news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at $11,603,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the sale, the director now directly owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,179 shares of company stock worth $7,957,482. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (AMZN) opened at $1,482.92 on Thursday. The company has a market capitalization of $710,838.81, a price-to-earnings ratio of 241.13, a PEG ratio of 6.46 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. Amazon.com, Inc. has a 52 week low of $833.50 and a 52 week high of $1,503.49.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, beating the consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share. analysts forecast that Amazon.com, Inc. will post 8.49 EPS for the current year.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
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.