Walter & Keenan Financial Consulting Co. MI ADV lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 83.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459 shares of the e-commerce giant’s stock after purchasing an additional 209 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Amazon.com were worth $441,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Vestor Capital LLC boosted its holdings in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the period. Whitnell & Co. boosted its holdings in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Amazon.com in the 2nd quarter worth $121,000. Lee Financial Co boosted its holdings in Amazon.com by 285.7% in the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 100 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Amazon.com by 22.2% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 154 shares of the e-commerce giant’s stock worth $153,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 59.06% of the company’s stock.
Several research analysts recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and issued a $1,650.00 target price (up previously from $1,460.00) on shares of Amazon.com in a report on Friday, February 2nd. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Amazon.com in a report on Friday, February 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $1,650.00 target price (up previously from $1,500.00) on shares of Amazon.com in a report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, February 5th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, February 5th. Six analysts have rated the stock with a hold rating, forty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,437.43.
In related news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $11,603,400. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tom A. Alberg sold 870 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the transaction, the director now directly owns 17,949 shares in the company, valued at $20,641,350. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,505 shares of company stock worth $5,253,740. 17.00% of the stock is currently owned by corporate insiders.
Shares of Amazon.com, Inc. (AMZN) traded up $28.50 during trading hours on Wednesday, hitting $1,443.01. 4,342,486 shares of the stock were exchanged, compared to its average volume of 5,997,641. The stock has a market capitalization of $697,260.00, a price-to-earnings ratio of 233.88, a PEG ratio of 6.10 and a beta of 1.63. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com, Inc. has a fifty-two week low of $832.82 and a fifty-two week high of $1,498.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. Amazon.com’s revenue was up 38.2% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. sell-side analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal 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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