Measured Wealth Private Client Group LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 47.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369 shares of the e-commerce giant’s stock after purchasing an additional 119 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Amazon.com were worth $641,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Gulf International Bank UK Ltd raised its position in Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after acquiring an additional 480 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Amazon.com in the first quarter valued at approximately $214,000. Gladstone Institutional Advisory LLC raised its position in shares of Amazon.com by 12.0% in the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock valued at $3,299,000 after purchasing an additional 186 shares during the period. Cornerstone Advisory LLC raised its position in shares of Amazon.com by 50.0% in the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock valued at $2,602,000 after purchasing an additional 458 shares during the period. Finally, RB Capital Management LLC raised its position in shares of Amazon.com by 8.5% in the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after purchasing an additional 105 shares during the period. 55.71% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on AMZN shares. Wolfe Research started coverage on shares of Amazon.com in a research report on Tuesday. They issued an “outperform” rating on the stock. Wells Fargo & Co lifted their price target on shares of Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. BidaskClub lowered shares of Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 19th. Raymond James set a $2,080.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $2,256.29.
AMZN traded up $24.47 during trading on Friday, reaching $1,744.73. 1,298,891 shares of the company’s stock were exchanged, compared to its average volume of 3,106,419. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $1,776.47 and a 200 day moving average price of $1,847.28. The company has a market capitalization of $862.72 billion, a P/E ratio of 86.63, a PEG ratio of 2.17 and a beta of 1.54.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. During the same quarter in the prior year, the firm posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 24.01 EPS for the current year.
In other news, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the sale, the chief financial officer now owns 2,480 shares in the company, valued at approximately $4,421,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $17,739,900. The disclosure for this sale can be found here. Insiders sold a total of 22,443 shares of company stock worth $40,205,835 in the last 90 days. 16.10% of the stock is owned by corporate insiders.
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 third-party sellers through physical stores and online stores.
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