New England Research & Management Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 289 shares of the e-commerce giant’s stock, valued at approximately $502,000.
A number of other large investors have also bought and sold shares of AMZN. Enterprise Trust & Investment Co purchased a new position in Amazon.com in the second quarter worth about $27,000. Phocas Financial Corp. purchased a new position in Amazon.com in the second quarter worth about $45,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com in the second quarter worth about $53,000. Financial Advantage Inc. grew its position in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after acquiring an additional 8 shares in the last quarter. Finally, Cerebellum GP LLC grew its position in Amazon.com by 18.0% in the third quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock worth $69,000 after acquiring an additional 9 shares in the last quarter. 55.60% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on AMZN shares. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 25th. Loop Capital set a $2,380.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. Piper Jaffray Companies dropped their price target on Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BidaskClub lowered Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 19th. Finally, MKM Partners dropped their price target on Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $2,189.97.
Shares of NASDAQ:AMZN traded down $2.32 during trading hours on Friday, hitting $1,785.88. 2,123,300 shares of the company’s stock traded hands, compared to its average volume of 4,016,732. The business has a fifty day moving average price of $1,759.09 and a 200-day moving average price of $1,840.01. The firm has a market capitalization of $893.28 billion, a P/E ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. 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 issued its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). The business had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.75 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current year.
In other news, CFO Brian T. Olsavsky sold 1,765 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the transaction, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at $4,421,840. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at $11,197,637.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,747 shares of company stock worth $40,737,808. 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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