Amazon.com, Inc. (AMZN) Position Reduced by Duff & Phelps Investment Management Co.

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.

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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.

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Amazon.com 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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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