Boston Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 88,319 shares of the e-commerce giant’s stock after acquiring an additional 6,723 shares during the quarter. Amazon.com comprises approximately 2.2% of Boston Advisors LLC’s investment portfolio, making the stock its 4th largest position. Boston Advisors LLC’s holdings in Amazon.com were worth $103,286,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in AMZN. Regis Management CO LLC boosted its holdings in shares of Amazon.com by 0.9% in the 2nd quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after acquiring an additional 2 shares during the last quarter. Hall Capital Management Co. Inc. boosted its holdings in shares of Amazon.com by 0.8% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock valued at $390,000 after acquiring an additional 3 shares during the last quarter. Noesis Capital Mangement Corp boosted its holdings in shares of Amazon.com by 0.8% in the 2nd quarter. Noesis Capital Mangement Corp now owns 505 shares of the e-commerce giant’s stock valued at $489,000 after acquiring an additional 4 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 395 shares of the e-commerce giant’s stock valued at $382,000 after acquiring an additional 5 shares during the last quarter. Finally, Kingfisher Capital LLC boosted its holdings in shares of Amazon.com by 0.3% in the 2nd quarter. Kingfisher Capital LLC now owns 1,632 shares of the e-commerce giant’s stock valued at $1,580,000 after acquiring an additional 5 shares during the last quarter. 60.21% of the stock is currently owned by institutional investors.
In other news, CEO Jeffrey A. Wilke sold 500 shares of the company’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total transaction of $788,925.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,778,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the sale, the director now directly owns 14,159 shares of the company’s stock, valued at approximately $21,238,500. The disclosure for this sale can be found here. Insiders have sold 6,214 shares of company stock valued at $9,251,120 in the last ninety days. Insiders own 17.70% of the company’s stock.
Several analysts have recently commented on AMZN shares. Guggenheim reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Amazon.com in a report on Thursday, December 14th. JPMorgan Chase reiterated an “overweight” rating and issued a $1,375.00 target price (up from $1,220.00) on shares of Amazon.com in a research note on Monday, December 18th. JMP Securities reiterated an “outperform” rating and issued a $1,350.00 target price (up from $1,240.00) on shares of Amazon.com in a research note on Tuesday, December 19th. Citigroup reiterated a “buy” rating and issued a $1,400.00 target price (up from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. Finally, Vetr cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 target price for the company. in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,494.78.
NASDAQ:AMZN opened at $1,405.23 on Friday. Amazon.com, Inc. has a fifty-two week low of $884.49 and a fifty-two week high of $1,617.54. The firm has a market cap of $682,867.06, a price-to-earnings ratio of 308.84, a P/E/G ratio of 6.20 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. equities research analysts predict that Amazon.com, Inc. will post 8.49 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Boston Advisors LLC Grows Holdings in Amazon.com, Inc. (AMZN)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/07/boston-advisors-llc-grows-holdings-in-amazon-com-inc-amzn.html.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (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.