Field & Main Bank purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,562 shares of the e-commerce giant’s stock, valued at approximately $1,827,000. Amazon.com makes up about 1.8% of Field & Main Bank’s investment portfolio, making the stock its 13th largest position.
Several other hedge funds have also recently added to or reduced their stakes in AMZN. Whitnell & Co. raised 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 purchasing an additional 93 shares during the period. Vestor Capital LLC raised 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 purchasing an additional 10 shares during the period. Portfolio Solutions LLC bought a new position in Amazon.com in the 4th quarter worth $119,000. Mountain Capital Investment Advisors Inc bought a new position in Amazon.com in the 2nd quarter worth $121,000. Finally, Endurance Wealth Management Inc. raised its holdings in Amazon.com by 90.9% in the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 60.21% of the company’s stock.
A number of brokerages recently commented on AMZN. Loop Capital set a $1,700.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Wednesday. Argus decreased their target price on Amazon.com from $1,550.00 to $1,392.05 and set a “fair value” rating on the stock in a report on Wednesday. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price target on the stock in a report on Thursday, March 15th. Zacks Investment Research raised Amazon.com from a “hold” rating to a “strong-buy” rating and set a $1,578.00 price target on the stock in a report on Wednesday. Finally, JMP Securities reissued a “neutral” rating and set a $1,600.00 price target (up from $1,475.00) on shares of Amazon.com in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,494.78.
In related news, CEO Jeffrey A. Wilke sold 500 shares of Amazon.com stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $15,778,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,214 shares of company stock valued at $9,251,120. 17.70% of the stock is currently owned by company insiders.
Shares of Amazon.com stock opened at $1,405.23 on Friday. The stock has a market cap of $682,867.06, a PE ratio of 308.84, a PEG 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, Inc. has a twelve month low of $884.49 and a twelve month high of $1,617.54.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same quarter last year, the business posted $1.54 earnings per share. analysts anticipate that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
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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.
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