Bruce G. Allen Investments LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – free report ) by 39.9% during the first quarter, according to its latest Form 13F filing with the SEC. The firm sold 151 shares during the quarter and now owns 227 shares of the e-commerce giant. Bruce G. Allen Investments LLC’s holdings of Amazon.com were worth $41,000 at the end of the most recent quarter.
Other hedge funds and institutional investors also recently modified their holdings in AMZN. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter, valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at approximately $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com during the fourth quarter, valued at approximately $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at approximately $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Amazon.com during the 4th quarter worth about $46,000. 72.20% of the stock is now owned by hedge funds and other institutional investors.
Wall Street analysts predict growth
AMZN has been the topic of several research analyst reports. JMP Securities reaffirmed their “outperform market” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial raised their price target on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Finally, Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1. One analyst has rated the stock with a hold rating, 43 have given a buy rating, and 1 has given a strong buy rating. According to data from MarketBeat.com, the company has an average rating of “buy” and an average price target of $215.37.
Check out the latest Amazon.com stock report
Amazon.com volume up 1.6%
AMZN shares opened trading at $189.08 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.31 and a beta of 1.14. The company’s 50-day moving average is $182.78 and its 200-day moving average is $171.37.
Amazon.com (NASDAQ:AMZN – Get free report ) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported quarterly earnings per share (EPS) of $0.98, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Year-over-year earnings per share were $0.31. Amazon.com’s revenue grew 12.5% ​​year-over-year. On average, sell-side analysts expect Amazon.com, Inc. to report an EPS of 4.72 for the current fiscal year.
Insider trading
In other news, CEO, Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. With this transaction the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, CEO, Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following this transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal filing with the SEC, which can be viewed on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that took place on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following this transaction, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. In the last 3 months, insiders have sold 65,338 shares of the company’s stock, valued at $11,894,344. Insiders now own 10.80% of the company’s stock.
Amazon.com Company Profile
(Free report)
Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content.
References
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