RBF Capital LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,000 shares of the e-commerce giant’s stock, valued at approximately $1,950,000.
A number of other hedge funds have also recently modified their holdings of AMZN. Orser Capital Management LLC grew its position in Amazon.com by 1.0% during the fourth quarter. Orser Capital Management LLC now owns 1,472 shares of the e-commerce giant’s stock valued at $2,719,000 after acquiring an additional 14 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Amazon.com by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,570 shares of the e-commerce giant’s stock valued at $6,558,000 after purchasing an additional 405 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Amazon.com by 1.3% in the 4th quarter. Baillie Gifford & Co. now owns 4,493,110 shares of the e-commerce giant’s stock valued at $8,302,548,000 after purchasing an additional 56,178 shares in the last quarter. Cresset Asset Management LLC grew its holdings in shares of Amazon.com by 3.7% during the 4th quarter. Cresset Asset Management LLC now owns 32,955 shares of the e-commerce giant’s stock valued at $60,896,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its position in Amazon.com by 12.5% in the 4th quarter. Cetera Advisor Networks LLC now owns 17,507 shares of the e-commerce giant’s stock worth $32,299,000 after purchasing an additional 1,944 shares during the period. 64.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com stock traded up $64.18 during trading on Tuesday, hitting $2,778.00. 2,966,510 shares of the company’s stock traded hands, compared to its average volume of 3,687,970. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $2,722.35. The business has a 50-day simple moving average of $2,468.62 and a 200-day simple moving average of $2,090.40. The stock has a market capitalization of $1,334.23 billion, a P/E ratio of 131.58, a PEG ratio of 5.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.36 by ($1.35). The company had revenue of $75.45 billion for the quarter, compared to the consensus estimate of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. Amazon.com’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.09 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 20.02 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now directly owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 352 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total value of $809,666.88. Following the sale, the senior vice president now owns 4,015 shares of the company’s stock, valued at $9,235,262.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,497 shares of company stock worth $21,605,827. 16.10% of the stock is owned by insiders.
A number of research analysts have recently issued reports on the company. Susquehanna Bancshares reaffirmed a “positive” rating and set a $3,000.00 price objective (up from $2,500.00) on shares of Amazon.com in a research note on Friday, May 1st. Cowen restated a “buy” rating and set a $2,700.00 price target on shares of Amazon.com in a research report on Friday, April 17th. Deutsche Bank boosted their price objective on Amazon.com from $2,300.00 to $2,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus increased their price objective on Amazon.com from $2,400.00 to $2,600.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird lifted their target price on shares of Amazon.com from $2,550.00 to $2,750.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,611.47.
Amazon.com Company 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 third-party sellers through physical stores and online stores.
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