Cedar Capital LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 290 shares of the e-commerce giant’s stock after selling 108 shares during the quarter. Cedar Capital LLC’s holdings in Amazon.com were worth $279,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AMZN. Whitnell & Co. grew its holdings in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares in the last quarter. Vestor Capital LLC grew its holdings in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares in the last quarter. Clear Investment Research LLC grew its holdings in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com during the second quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Amazon.com during the second quarter worth about $121,000. 59.06% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Vetr raised Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective for the company in a report on Wednesday, November 29th. Wells Fargo & Co reissued a “buy” rating on shares of Amazon.com in a report on Monday, December 4th. Oppenheimer restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $1,650.00 target price (up previously from $1,500.00) on shares of Amazon.com in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,437.43.
Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up $36.54 during mid-day trading on Wednesday, reaching $1,451.05. The company had a trading volume of 5,881,238 shares, compared to its average volume of 6,060,000. Amazon.com, Inc. has a 12 month low of $831.45 and a 12 month high of $1,498.00. The stock has a market capitalization of $702,460.00, a PE ratio of 235.18, a price-to-earnings-growth ratio of 6.10 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The company’s quarterly revenue was up 38.2% on a year-over-year basis. equities research analysts predict that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
In other news, Director Tom A. Alberg sold 835 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the sale, the director now directly owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,505 shares of company stock worth $5,253,740. Insiders own 17.00% of the company’s stock.
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Amazon.com Company Profile
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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