Intellectus Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,091 shares of the e-commerce giant’s stock after acquiring an additional 27 shares during the quarter. Amazon.com accounts for about 3.1% of Intellectus Partners LLC’s holdings, making the stock its 4th biggest position. Intellectus Partners LLC’s holdings in Amazon.com were worth $7,102,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in AMZN. Buffington Mohr McNeal lifted its stake in Amazon.com by 6.4% in the 3rd quarter. Buffington Mohr McNeal now owns 817 shares of the e-commerce giant’s stock valued at $1,418,000 after buying an additional 49 shares in the last quarter. E&G Advisors LP lifted its stake in Amazon.com by 2.3% in the 3rd quarter. E&G Advisors LP now owns 1,136 shares of the e-commerce giant’s stock valued at $1,972,000 after buying an additional 25 shares in the last quarter. Country Trust Bank lifted its stake in Amazon.com by 0.7% in the 3rd quarter. Country Trust Bank now owns 39,756 shares of the e-commerce giant’s stock valued at $69,013,000 after buying an additional 262 shares in the last quarter. Cypress Capital Group lifted its stake in Amazon.com by 1.7% in the 3rd quarter. Cypress Capital Group now owns 1,860 shares of the e-commerce giant’s stock valued at $3,229,000 after buying an additional 31 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Amazon.com by 11.1% in the 3rd quarter. Pacer Advisors Inc. now owns 75,063 shares of the e-commerce giant’s stock valued at $130,303,000 after buying an additional 7,501 shares in the last quarter. 55.71% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on AMZN shares. Oppenheimer set a $2,100.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Friday, July 26th. MKM Partners reaffirmed a “buy” rating and issued a $2,350.00 target price (up previously from $2,240.00) on shares of Amazon.com in a research note on Friday, August 2nd. Barclays raised Amazon.com from an “outperform” rating to a “buy” rating in a research note on Monday, July 29th. Wedbush reaffirmed a “buy” rating and issued a $2,350.00 target price on shares of Amazon.com in a research note on Monday, July 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2,256.29.
Shares of AMZN stock traded up $22.21 on Friday, reaching $1,742.47. 1,067,363 shares of the stock were exchanged, compared to its average volume of 3,106,419. The stock has a market cap of $862.20 billion, a P/E ratio of 86.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $1,776.47 and a two-hundred day moving average of $1,847.28. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.07 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.
In other news, SVP Jeffrey M. Blackburn sold 7,144 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total transaction of $12,797,761.60. Following the completion of the sale, the senior vice president now directly owns 56,011 shares in the company, valued at approximately $100,338,105.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Indra K. Nooyi acquired 100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the acquisition, the director now owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 22,443 shares of company stock valued at $40,205,835. Insiders own 16.10% of the company’s stock.
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 third-party sellers through physical stores and online stores.
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