Fisher Asset Management LLC Acquires 54,894 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/13/amazon-com-inc-amzn-is-fisher-asset-management-llcs-3rd-largest-position.html.

About Amazon.com

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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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.

Leave a Reply