ZWJ Investment Counsel Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 35.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,714 shares of the e-commerce giant’s stock after acquiring an additional 453 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Amazon.com were worth $3,342,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Orser Capital Management LLC raised its stake in shares of Amazon.com by 1.0% in 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 period. Quadrant Capital Group LLC raised its stake in shares of Amazon.com by 12.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,570 shares of the e-commerce giant’s stock valued at $6,558,000 after acquiring an additional 405 shares during the period. Baillie Gifford & Co. raised its stake in shares of Amazon.com by 1.3% in the fourth quarter. Baillie Gifford & Co. now owns 4,493,110 shares of the e-commerce giant’s stock valued at $8,302,548,000 after acquiring an additional 56,178 shares during the period. Cresset Asset Management LLC raised its stake in shares of Amazon.com by 3.7% in the fourth quarter. Cresset Asset Management LLC now owns 32,955 shares of the e-commerce giant’s stock valued at $60,896,000 after acquiring an additional 1,175 shares during the period. Finally, Cetera Advisor Networks LLC raised its stake in shares of Amazon.com by 12.5% in the fourth quarter. Cetera Advisor Networks LLC now owns 17,507 shares of the e-commerce giant’s stock valued at $32,299,000 after acquiring an additional 1,944 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.
AMZN stock traded up $65.65 during trading on Tuesday, reaching $2,779.47. The company had a trading volume of 2,735,811 shares, compared to its average volume of 3,687,970. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $2,722.35. The firm has a 50-day simple moving average of $2,468.62 and a 200-day simple moving average of $2,090.40. The company has a market cap of $1,334.23 billion, a price-to-earnings ratio of 131.58, a price-to-earnings-growth ratio of 5.46 and a beta of 1.31.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 EPS for the quarter, missing the consensus estimate of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The business had revenue of $75.45 billion for the quarter, compared to analyst estimates of $74.15 billion. During the same quarter in the previous year, the firm posted $7.09 earnings per share. The business’s revenue was up 26.4% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 20.02 earnings per share for the current year.
Several research analysts recently commented on AMZN shares. Citigroup raised their price target on shares of Amazon.com from $2,400.00 to $2,700.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. SunTrust Banks raised their price target on shares of Amazon.com from $2,450.00 to $2,770.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. William Blair reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday. MKM Partners raised their price target on shares of Amazon.com from $2,500.00 to $2,525.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Edward Jones raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. One 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 company currently has a consensus rating of “Buy” and an average price target of $2,611.47.
In other Amazon.com news, Director Indra K. Nooyi acquired 100 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average cost of $1,930.41 per share, for a total transaction of $193,041.00. Following the purchase, the director now owns 352 shares in the company, valued at approximately $679,504.32. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,497 shares of company stock valued at $21,605,827. Company 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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