Braun Stacey Associates Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 18.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,764 shares of the e-commerce giant’s stock after selling 4,241 shares during the quarter. Amazon.com comprises 1.2% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 16th biggest position. Braun Stacey Associates Inc.’s holdings in Amazon.com were worth $18,039,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Goelzer Investment Management Inc. grew its holdings in Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after acquiring an additional 130 shares during the last quarter. Lakeview Capital Partners LLC grew its holdings in Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after acquiring an additional 176 shares during the last quarter. Perpetual Ltd bought a new stake in Amazon.com in the 2nd quarter worth $25,356,000. R. G. Niederhoffer Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth $871,000. Finally, IBM Retirement Fund grew its holdings in Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after acquiring an additional 4,218 shares during the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,305.20 on Friday. The stock has a market cap of $628,940.00, a price-to-earnings 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, Inc. has a 12 month low of $803.00 and a 12 month high of $1,305.76.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. equities analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $11,603,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 402,338 shares of company stock worth $444,391,701. 17.00% of the stock is owned by insiders.
Several equities research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. Loop Capital set a $1,200.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,250.00 target price (up from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Cantor Fitzgerald lifted their price target on shares of Amazon.com to $1,360.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 price target for the company. in a research report on Monday, January 8th. Four research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $1,262.35.
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.
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.