Trust Co boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,392 shares of the e-commerce giant’s stock after purchasing an additional 170 shares during the quarter. Trust Co’s holdings in Amazon.com were worth $1,338,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oak Point Wealth Management acquired a new stake in Amazon.com in the fourth quarter worth about $125,000. Whitnell & Co. lifted its holdings 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 purchasing an additional 93 shares during the period. Vestor Capital LLC lifted its holdings 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 purchasing an additional 10 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com in the second quarter worth about $121,000. Finally, Lee Financial Co lifted its holdings in Amazon.com by 285.7% in the third quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock worth $130,000 after purchasing an additional 100 shares during the period. 60.21% of the stock is owned by institutional investors.
Shares of AMZN stock traded down $46.52 during trading hours on Friday, reaching $1,405.23. 5,882,257 shares of the company’s stock were exchanged, compared to its average volume of 6,661,481. 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 $680,281.69, a PE ratio of 308.84, a price-to-earnings-growth ratio of 6.17 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 issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS 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 company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. equities analysts predict that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
Several brokerages have commented on AMZN. Jefferies Group restated a “buy” rating and set a $1,850.00 price objective on shares of Amazon.com in a report on Tuesday, March 13th. Wells Fargo restated an “outperform” rating and set a $1,755.00 price objective (up previously from $1,700.00) on shares of Amazon.com in a report on Thursday, March 15th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price objective on the stock in a report on Thursday, March 15th. Deutsche Bank restated a “buy” rating on shares of Amazon.com in a report on Monday, March 12th. Finally, UBS boosted their price objective on Amazon.com to $1,760.00 and gave the stock a “buy” rating in a report on Friday, March 9th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $1,494.78.
In related news, CEO Jeffrey A. Wilke sold 500 shares of the company’s stock in a transaction on 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 directly owns 10,000 shares in the company, valued at $15,778,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Following the completion of the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,214 shares of company stock valued at $9,251,120. Corporate insiders own 17.70% of the company’s stock.
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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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