HM Payson & Co. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,710 shares of the e-commerce giant’s stock after acquiring an additional 1,142 shares during the quarter. HM Payson & Co.’s holdings in Amazon.com were worth $26,639,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AMZN. Whitnell & Co. increased its position in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares in the last quarter. Vestor Capital LLC increased its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares in the last quarter. Clear Investment Research LLC increased its position in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com in the second quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Amazon.com in the second quarter worth about $121,000. Institutional investors own 59.06% of the company’s stock.
Amazon.com, Inc. (AMZN) opened at $1,451.05 on Thursday. The company has a market capitalization of $702,460.00, a price-to-earnings ratio of 235.18, a price-to-earnings-growth ratio of 6.10 and a beta of 1.63. Amazon.com, Inc. has a fifty-two week low of $831.45 and a fifty-two week high of $1,498.00. 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 (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. equities analysts predict that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
A number of analysts have commented on AMZN shares. Wedbush set a $1,250.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Monday, October 23rd. Atlantic Securities restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. JPMorgan Chase & Co. restated a “buy” rating and issued a $1,385.00 price target (up previously from $1,375.00) on shares of Amazon.com in a research report on Wednesday, January 10th. DA Davidson upped their price objective on Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, BMO Capital Markets upped their price objective on Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,437.43.
In other Amazon.com news, Director Tom A. Alberg sold 870 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the sale, the director now owns 17,949 shares of the company’s stock, valued at approximately $20,641,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the stock in a transaction on 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 sale, the director now directly owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 4,505 shares of company stock worth $5,253,740 over the last 90 days. 17.00% of the stock is currently owned by company insiders.
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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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