Neville Rodie & Shaw Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,787 shares of the e-commerce giant’s stock after buying an additional 194 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Amazon.com were worth $2,090,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. CI Investments Inc. boosted its position in shares of Amazon.com by 0.7% in the 3rd quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after purchasing an additional 400 shares during the last quarter. Perpetual Ltd bought a new position in shares of Amazon.com in the 2nd quarter worth $25,356,000. R. G. Niederhoffer Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth $871,000. Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Amazon.com by 13.7% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 904 shares of the e-commerce giant’s stock worth $869,000 after purchasing an additional 109 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Amazon.com in the 2nd quarter worth $1,984,000. Hedge funds and other institutional investors own 60.22% of the company’s stock.
In related news, Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the director now owns 14,159 shares in the company, valued at $21,238,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $1,549.90, for a total value of $387,475.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $15,499,000. The disclosure for this sale can be found here. Insiders have sold 5,714 shares of company stock valued at $8,462,195 in the last quarter. 17.00% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The business had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. During the same quarter last year, the company posted $1.54 earnings per share. Amazon.com’s quarterly revenue was up 38.2% on a year-over-year basis. analysts forecast that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
AMZN has been the topic of several recent research reports. DZ Bank restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, January 24th. Citigroup restated a “buy” rating and issued a $1,400.00 price target (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 price target on the stock in a research report on Tuesday, January 30th. Jefferies Group raised their price target on Amazon.com from $1,450.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group raised their price target on Amazon.com from $1,385.00 to $1,410.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,475.28.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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