Private Asset Management Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,528 shares of the e-commerce giant’s stock after selling 44 shares during the period. Private Asset Management Inc.’s holdings in Amazon.com were worth $5,295,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Day & Ennis LLC raised its holdings in shares of Amazon.com by 21.3% in the 2nd quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock worth $270,000 after buying an additional 49 shares in the last quarter. Beach Investment Management LLC. raised its holdings in shares of Amazon.com by 996.3% in the 2nd quarter. Beach Investment Management LLC. now owns 22,035 shares of the e-commerce giant’s stock worth $21,330,000 after buying an additional 20,025 shares in the last quarter. JW Asset Management LLC raised its holdings in shares of Amazon.com by 5.4% in the 2nd quarter. JW Asset Management LLC now owns 17,613 shares of the e-commerce giant’s stock worth $17,049,000 after buying an additional 900 shares in the last quarter. Truepoint Inc. raised its holdings in shares of Amazon.com by 52.3% in the 2nd quarter. Truepoint Inc. now owns 606 shares of the e-commerce giant’s stock worth $604,000 after buying an additional 208 shares in the last quarter. Finally, RiverPoint Capital Management LLC raised its holdings in shares of Amazon.com by 2.2% in the 2nd quarter. RiverPoint Capital Management LLC now owns 15,015 shares of the e-commerce giant’s stock worth $14,535,000 after buying an additional 318 shares in the last quarter. 60.22% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Jefferies Group reissued a “buy” rating and issued a $1,850.00 target price on shares of Amazon.com in a report on Tuesday. Deutsche Bank reissued a “buy” rating on shares of Amazon.com in a report on Monday. UBS Group increased their target price on Amazon.com to $1,760.00 and gave the stock a “buy” rating in a report on Friday, March 9th. They noted that the move was a valuation call. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $1,603.06 target price for the company. in a report on Thursday, March 8th. Finally, Loop Capital set a $1,545.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1,475.28.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,588.18 on Wednesday. The company has a market capitalization of $773,792.13, a price-to-earnings ratio of 350.52, a P/E/G ratio of 7.03 and a beta of 1.54. Amazon.com, Inc. has a 12 month low of $833.50 and a 12 month high of $1,617.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm’s revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
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Amazon.com Company Profile
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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