Clark Estates Inc. NY cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,412 shares of the e-commerce giant’s stock after selling 100 shares during the period. Amazon.com makes up 1.8% of Clark Estates Inc. NY’s portfolio, making the stock its 18th largest holding. Clark Estates Inc. NY’s holdings in Amazon.com were worth $10,743,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AMZN. Lountzis Asset Management LLC purchased a new stake in Amazon.com in the 2nd quarter valued at about $28,000. Newfound Research LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth approximately $41,000. Rocky Mountain Advisers LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth approximately $54,000. James Investment Research Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth approximately $55,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth approximately $69,000. 52.82% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total transaction of $2,478,210.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $33,042,800. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 293 shares of the firm’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $3,085.62, for a total transaction of $904,086.66. Following the sale, the vice president now owns 6,282 shares of the company’s stock, valued at $19,383,864.84. The disclosure for this sale can be found here. Insiders sold 12,441 shares of company stock valued at $38,485,392 over the last quarter. Company insiders own 16.10% of the company’s stock.
Several equities research analysts have recently weighed in on AMZN shares. Piper Sandler reaffirmed an “overweight” rating and issued a $3,903.00 price target (up previously from $3,860.00) on shares of Amazon.com in a research report on Friday, October 30th. SunTrust Banks reaffirmed a “buy” rating and issued a $3,600.00 price target (up previously from $3,400.00) on shares of Amazon.com in a research report on Thursday, July 30th. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $3,750.00 to $4,000.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Guggenheim boosted their price objective on shares of Amazon.com from $2,700.00 to $3,600.00 in a research note on Friday, July 31st. Finally, Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $3,400.00 to $3,700.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Four investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $3,580.13.
Shares of NASDAQ AMZN opened at $3,099.40 on Friday. The firm has a 50-day simple moving average of $3,195.50 and a 200-day simple moving average of $2,974.12. The stock has a market capitalization of $1,555.13 billion, a price-to-earnings ratio of 90.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, beating the Zacks’ consensus estimate of $7.41 by $4.96. The business had revenue of $96.15 billion during the quarter, compared to analysts’ expectations of $92.56 billion. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.23 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 33.77 EPS for the current year.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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