West Branch Capital LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 28.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,384 shares of the e-commerce giant’s stock after purchasing an additional 964 shares during the quarter. Amazon.com accounts for about 5.9% of West Branch Capital LLC’s holdings, making the stock its 3rd biggest holding. West Branch Capital LLC’s holdings in Amazon.com were worth $7,452,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Lee Financial Co grew its stake in Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in Amazon.com in the first quarter valued at approximately $145,000. Legacy Advisors LLC grew its stake in Amazon.com by 47.1% in the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after acquiring an additional 33 shares during the period. JJJ Advisors Inc. acquired a new stake in Amazon.com in the second quarter valued at approximately $175,000. Finally, WP Advisors LLC acquired a new stake in Amazon.com in the second quarter valued at approximately $177,000. Hedge funds and other institutional investors own 56.59% of the company’s stock.
A number of brokerages have commented on AMZN. BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Saturday. JMP Securities restated a “market outperform” rating and issued a $2,075.00 target price (up previously from $1,840.00) on shares of Amazon.com in a report on Friday, July 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 target price on the stock in a report on Tuesday, July 31st. Benchmark restated a “buy” rating and issued a $2,100.00 target price on shares of Amazon.com in a report on Friday, October 26th. Finally, Macquarie restated a “buy” rating on shares of Amazon.com in a report on Friday, October 26th. Four analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $2,091.53.
Shares of AMZN opened at $1,712.43 on Friday. The firm has a market capitalization of $858.38 billion, a price-to-earnings ratio of 108.03, a PEG ratio of 3.36 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a 1 year low of $1,121.63 and a 1 year high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. Research analysts anticipate that Amazon.com, Inc. will post 19.37 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the sale, the chief executive officer now directly owns 88,801 shares in the company, valued at $168,721,900. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,327 shares of company stock worth $64,744,896. Corporate insiders own 16.30% 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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