Arcadia Investment Management Corp MI lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,599 shares of the e-commerce giant’s stock after buying an additional 98 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Amazon.com were worth $1,537,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Balasa Dinverno & Foltz LLC bought a new position in Amazon.com during the 3rd quarter valued at about $1,408,000. Baker Ellis Asset Management LLC boosted its position in Amazon.com by 4.5% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 1,242 shares of the e-commerce giant’s stock valued at $1,194,000 after buying an additional 53 shares during the period. Deschutes Portfolio Strategy LLC boosted its position in Amazon.com by 17.3% in the 3rd quarter. Deschutes Portfolio Strategy LLC now owns 543 shares of the e-commerce giant’s stock valued at $522,000 after buying an additional 80 shares during the period. FormulaFolio Investments LLC lifted its position in shares of Amazon.com by 104.9% in the 3rd quarter. FormulaFolio Investments LLC now owns 457 shares of the e-commerce giant’s stock worth $439,000 after purchasing an additional 234 shares during the period. Finally, Hermes Investment Management Ltd. lifted its position in shares of Amazon.com by 16.4% in the 3rd quarter. Hermes Investment Management Ltd. now owns 112,816 shares of the e-commerce giant’s stock worth $108,456,000 after purchasing an additional 15,862 shares during the period. Institutional investors own 59.78% of the company’s stock.
In other news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Zapolsky sold 2,334 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,125.39, for a total value of $2,626,660.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 402,338 shares of company stock valued at $444,391,701. 17.00% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on AMZN. SunTrust Banks restated a “buy” rating and set a $1,400.00 price target (up previously from $1,270.00) on shares of Amazon.com in a research note on Friday. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Amazon.com from $1,313.00 to $1,425.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $1,385.00 price objective (up previously from $1,375.00) on shares of Amazon.com in a research note on Wednesday. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $1,400.00 price target (up from $1,200.00) on shares of Amazon.com in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,262.35.
Amazon.com, Inc. (NASDAQ:AMZN) traded up $28.52 during trading on Friday, hitting $1,305.20. The stock had a trading volume of 5,443,338 shares, compared to its average volume of 3,250,000. Amazon.com, Inc. has a 12 month low of $799.50 and a 12 month high of $1,305.76. The stock has a market cap of $628,940.00, a PE ratio of 329.60, a P/E/G ratio of 7.22 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. equities analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.
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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.
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