Fisher Asset Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,755,405 shares of the e-commerce giant’s stock after purchasing an additional 54,894 shares during the quarter. Amazon.com comprises about 2.4% of Fisher Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Fisher Asset Management LLC owned about 0.37% of Amazon.com worth $1,687,559,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Inverness Counsel LLC NY grew its position in Amazon.com by 386.0% during the 3rd quarter. Inverness Counsel LLC NY now owns 9,428 shares of the e-commerce giant’s stock valued at $9,064,000 after purchasing an additional 7,488 shares during the last quarter. Narwhal Capital Management boosted its holdings in shares of Amazon.com by 18.4% during the 3rd quarter. Narwhal Capital Management now owns 2,186 shares of the e-commerce giant’s stock valued at $2,102,000 after acquiring an additional 340 shares during the last quarter. TB Alternative Assets Ltd. boosted its holdings in shares of Amazon.com by 244.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 11,700 shares of the e-commerce giant’s stock valued at $11,248,000 after acquiring an additional 8,300 shares during the last quarter. Summit X LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $201,000. Finally, Academy Capital Management Inc. TX purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $278,000. Institutional investors and hedge funds own 59.78% of the company’s stock.
In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the business’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 completion of the transaction, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 over the last quarter. 17.70% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on AMZN. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective on the stock. in a research note on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Jefferies Group reiterated a “buy” rating and issued a $1,350.00 price objective on shares of Amazon.com in a research note on Friday, October 27th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,262.35.
Amazon.com, Inc. (AMZN) traded up $28.52 during mid-day trading on Friday, hitting $1,305.20. The company had a trading volume of 5,434,054 shares, compared to its average volume of 3,250,000. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The company has a market capitalization of $628,940.00, a P/E ratio of 329.60, a P/E/G ratio of 7.60 and a beta of 1.46. 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 data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. analysts predict 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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