Stiles Financial Services Inc increased its stake in Amazon.com, Inc. (NASDAQ: AMZN – Get a rating) by 6.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor held 1,868 shares of the e-commerce giant after buying an additional 108 shares during the quarter. Amazon.com includes about 3.1% of Stiles Financial Services Inc’s holdings, making the stock its 3rd largest position. Stiles Financial Services Inc’s holdings in Amazon.com were worth $6,096,000 when it last filed with the SEC.
Several other hedge funds have also recently changed their positions in the stock. Stuart Chaussee & Associates Inc. bought a new position on Amazon.com during the fourth quarter worth approximately $27,000. Gibson Wealth Advisors LLC bought a new position on Amazon.com during Q4 worth approximately $33,000. Leverty Financial Group LLC bought a new position on Amazon.com during Q4, valued at around $36,000. MBM Wealth Consultants LLC raised its position in Amazon.com shares by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant worth $37,000 after acquiring 4 more shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in Amazon.com stock in Q4 worth about $39,000. 72.51% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analysts predict growth
Several analysts have weighed in on the company recently. JPMorgan Chase & Co. cut its Amazon.com price target from $200.00 to $175.00 and set an “overweight” rating on the stock in a Wednesday, June 29 research note. Deutsche Bank Aktiengesellschaft reduced its target price on Amazon.com from $174.00 to $155.00 in a Thursday, July 21 report. Susquehanna lowered its target price on Amazon.com from $250.00 to $190.00 in a Friday, April 29 report. BMO Capital Markets cut its target price on Amazon.com from $182.50 to $172.50 in a Friday, April 29 report. Finally, Raymond James cut his price target on Amazon.com from $197.50 to $165.00 in a Friday, April 29 report. Two analysts rated the stock with a sell rating, two issued a hold rating and thirty-seven gave the company’s stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.99.
Amazon.com Price Performance
Shares of AMZN Stock opened at $133.22 on Tuesday. The company has a market capitalization of $1.36 trillion, a PE ratio of 119.43, a price-to-earnings growth ratio of 6.06 and a beta of 1.33. The company has a fifty-day simple moving average of $121.98 and a 200-day simple moving average of $133.86. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt ratio of 0.44. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.
Amazon.com (NASDAQ: AMZN – Get a rating) last released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 per ($0.35). The company posted revenue of $121.23 billion in the quarter, versus analyst estimates of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company’s revenue increased 7.2% year over year. In the same period a year earlier, the company had earned earnings per share of $0.76. Stock research analysts expect Amazon.com, Inc. to post 1 earnings per share for the current fiscal year.
Insiders place their bets
In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares in a trade on Monday, August 15. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. As a result of the sale, the CEO now directly owns 1,892,000 shares of the company, valued at $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. In related news, please David Zapolsky sold 10,480 shares in a transaction dated Tuesday, August 16. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the sale, the senior vice president now owns 60,260 shares of the company, valued at approximately $8,738,302.60. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, CEO Andrew R. Jassy sold 23,620 shares in a trade dated Monday, August 15. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the CEO now directly owns 1,892,000 shares of the company, valued at approximately $269,212,680. Disclosure of this sale can be found here. 12.70% of the shares are held by company insiders.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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