Hall Laurie J Trustee reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,007 shares of the e-commerce giant’s stock after selling 40 shares during the quarter. Amazon.com comprises approximately 1.1% of Hall Laurie J Trustee’s portfolio, making the stock its 28th biggest holding. Hall Laurie J Trustee’s holdings in Amazon.com were worth $2,016,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of Amazon.com by 3.7% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 53,822 shares of the e-commerce giant’s stock valued at $107,805,000 after acquiring an additional 1,918 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Amazon.com by 1.3% in the third quarter. Ballentine Partners LLC now owns 2,706 shares of the e-commerce giant’s stock valued at $5,420,000 after acquiring an additional 35 shares in the last quarter. CLARET ASSET MANAGEMENT Corp purchased a new stake in shares of Amazon.com in the third quarter valued at $661,000. Sullivan Bruyette Speros & Blaney LLC lifted its position in shares of Amazon.com by 12.0% in the third quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,412 shares of the e-commerce giant’s stock valued at $4,831,000 after acquiring an additional 259 shares in the last quarter. Finally, Spectrum Management Group Inc. lifted its position in Amazon.com by 3.2% during the third quarter. Spectrum Management Group Inc. now owns 2,124 shares of the e-commerce giant’s stock worth $4,254,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 55.69% of the company’s stock.
Shares of NASDAQ:AMZN opened at $1,658.81 on Wednesday. The stock has a market cap of $802.29 billion, a price-to-earnings ratio of 81.14, a PEG ratio of 2.27 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Amazon.com, Inc. has a 12 month low of $1,265.93 and a 12 month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. The company had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same period in the prior year, the firm posted $2.16 earnings per share. Research analysts predict that Amazon.com, Inc. will post 26.32 EPS for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,230 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,566.69, for a total value of $2,704,106.94. The disclosure for this sale can be found here. Insiders have sold 5,503 shares of company stock valued at $8,552,040 over the last 90 days. 16.30% of the stock is currently owned by insiders.
Several equities analysts recently weighed in on AMZN shares. BidaskClub downgraded Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. Morningstar reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, October 11th. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Stifel Nicolaus reiterated a “buy” rating and set a $2,300.00 target price (down from $2,400.00) on shares of Amazon.com in a research report on Friday, February 1st. Finally, Benchmark reduced their target price on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. Five research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $2,107.33.
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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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