First Personal Financial Services lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 999 shares of the e-commerce giant’s stock after selling 219 shares during the quarter. First Personal Financial Services’ holdings in Amazon.com were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in AMZN. Xact Kapitalforvaltning AB boosted its holdings in Amazon.com by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 65,818 shares of the e-commerce giant’s stock worth $63,712,000 after purchasing an additional 458 shares during the period. Centre Asset Management LLC boosted its holdings in Amazon.com by 6.0% in the second quarter. Centre Asset Management LLC now owns 19,360 shares of the e-commerce giant’s stock worth $18,740,000 after purchasing an additional 1,090 shares during the period. Trust Co boosted its holdings in Amazon.com by 37.7% in the first quarter. Trust Co now owns 1,239 shares of the e-commerce giant’s stock worth $1,099,000 after purchasing an additional 339 shares during the period. Stillwater Capital Advisors LLC boosted its holdings in Amazon.com by 6.8% in the second quarter. Stillwater Capital Advisors LLC now owns 562 shares of the e-commerce giant’s stock worth $544,000 after purchasing an additional 36 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its holdings in Amazon.com by 6.4% in the second quarter. Burns J W & Co. Inc. NY now owns 3,596 shares of the e-commerce giant’s stock worth $3,481,000 after purchasing an additional 217 shares during the period. 59.78% of the stock is owned by institutional investors and hedge funds.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,305.20 on Friday. Amazon.com, Inc. has a one year low of $803.00 and a one year high of $1,305.76. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The firm has a market cap of $628,939.31, a PE ratio of 331.27, a P/E/G ratio of 7.77 and a beta of 1.46.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. research analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current year.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total value of $2,233,879.30. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 402,338 shares of company stock worth $444,391,701. 17.70% of the stock is owned by company insiders.
A number of equities analysts have commented on AMZN shares. Monness Crespi & Hardt raised shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a report on Friday, October 27th. Citigroup reaffirmed a “buy” rating and issued a $1,400.00 price objective (up previously from $1,250.00) on shares of Amazon.com in a report on Friday, January 5th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $1,385.00 to $1,410.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, October 30th. Finally, TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,262.35.
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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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