Penserra Capital Management LLC increased its holdings in Amazon.com (NASDAQ:AMZN) by 58.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,744 shares of the e-commerce giant’s stock after acquiring an additional 1,747 shares during the quarter. Penserra Capital Management LLC’s holdings in Amazon.com were worth $5,547,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. CI Investments Inc. lifted its stake in Amazon.com by 0.7% in the third quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after acquiring an additional 400 shares during the period. Broadleaf Partners LLC purchased a new stake in Amazon.com in the fourth quarter worth $6,772,000. Bank of Montreal Can lifted its stake in Amazon.com by 9.6% in the fourth quarter. Bank of Montreal Can now owns 558,105 shares of the e-commerce giant’s stock worth $652,687,000 after acquiring an additional 48,847 shares during the period. Kistler Tiffany Companies LLC lifted its stake in Amazon.com by 15.2% in the fourth quarter. Kistler Tiffany Companies LLC now owns 486 shares of the e-commerce giant’s stock worth $568,000 after acquiring an additional 64 shares during the period. Finally, GFS Advisors LLC lifted its stake in Amazon.com by 2.5% in the third quarter. GFS Advisors LLC now owns 3,577 shares of the e-commerce giant’s stock worth $3,439,000 after acquiring an additional 86 shares during the period. 60.12% of the stock is owned by institutional investors.
A number of analysts recently commented on the company. Jefferies Group reaffirmed a “buy” rating and issued a $1,850.00 price target on shares of Amazon.com in a research note on Tuesday, March 13th. BidaskClub lowered Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Monday. Wells Fargo reaffirmed an “outperform” rating and issued a $1,755.00 price target (up previously from $1,700.00) on shares of Amazon.com in a research note on Thursday, March 15th. Susquehanna Bancshares raised their price target on Amazon.com from $1,850.00 to $2,000.00 in a research note on Friday, April 27th. Finally, Oppenheimer raised their price target on Amazon.com from $1,650.00 to $1,850.00 and gave the stock an “outperform” rating in a research note on Friday, April 27th. Two analysts have rated the stock with a hold rating, fifty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $1,702.99.
In other Amazon.com news, VP Shelley Reynolds sold 435 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $1,578.02, for a total transaction of $686,438.70. Following the completion of the sale, the vice president now directly owns 6,408 shares in the company, valued at approximately $10,111,952.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total value of $1,005,000.00. Following the sale, the director now owns 14,159 shares of the company’s stock, valued at $21,238,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,288 shares of company stock valued at $17,577,129. Corporate insiders own 16.30% of the company’s stock.
Amazon.com opened at $1,581.76 on Friday, Marketbeat Ratings reports. The stock has a market cap of $770.19 billion, a price-to-earnings ratio of 249.96, a PEG ratio of 4.34 and a beta of 1.60. Amazon.com has a 52-week low of $1,575.20 and a 52-week high of $1,590.00. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.78.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $1.47. The business had revenue of $51.04 billion during the quarter, compared to the consensus estimate of $49.94 billion. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The business’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS. sell-side analysts expect that Amazon.com will post 12.1 earnings per share for the current fiscal year.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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