Duff & Phelps Investment Management Co. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,350 shares of the e-commerce giant’s stock after selling 110 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Amazon.com were worth $5,087,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the stock. CI Investments Inc. boosted its holdings in shares of Amazon.com by 0.7% in the 3rd quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after purchasing an additional 400 shares in the last quarter. Broadleaf Partners LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $6,772,000. Perpetual Ltd bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $25,356,000. Bank of Montreal Can lifted its stake in shares of Amazon.com by 9.6% in the 4th quarter. Bank of Montreal Can now owns 558,105 shares of the e-commerce giant’s stock valued at $652,687,000 after acquiring an additional 48,847 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Amazon.com by 13.7% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 904 shares of the e-commerce giant’s stock valued at $869,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.
AMZN stock 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 company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The company has a market cap of $702,802.63, a price-to-earnings ratio of 308.84, a PEG ratio of 6.38 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share 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 the consensus estimate of $59.85 billion. During the same quarter in the prior year, the business earned $1.54 EPS. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current year.
A number of equities research analysts have recently weighed in on AMZN shares. Guggenheim reissued a “buy” rating and issued a $1,400.00 target price on shares of Amazon.com in a research note on Thursday, December 14th. JPMorgan Chase reissued an “overweight” rating and issued a $1,375.00 target price (up previously from $1,220.00) on shares of Amazon.com in a research note on Monday, December 18th. JMP Securities reissued an “outperform” rating and issued a $1,350.00 target price (up previously from $1,240.00) on shares of Amazon.com in a research note on Tuesday, December 19th. Citigroup reissued a “buy” rating and issued a $1,400.00 target price (up previously from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. Finally, Vetr lowered 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 equities research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $1,494.78.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total transaction of $788,925.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,778,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold a total of 6,214 shares of company stock worth $9,251,120 in the last quarter. Company insiders own 17.70% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/amazon-com-inc-amzn-position-reduced-by-duff-phelps-investment-management-co.html.
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.