Pillar Pacific Capital Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,513 shares of the e-commerce giant’s stock after selling 79 shares during the quarter. Amazon.com accounts for approximately 2.1% of Pillar Pacific Capital Management LLC’s holdings, making the stock its 4th biggest holding. Pillar Pacific Capital Management LLC’s holdings in Amazon.com were worth $18,249,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Enterprise Trust & Investment Co acquired a new position in Amazon.com during the 2nd quarter valued at about $27,000. Phocas Financial Corp. acquired a new position in Amazon.com during the 2nd quarter valued at about $4,545,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com during the 2nd quarter valued at about $53,000. Clear Investment Research LLC lifted its position in Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after purchasing an additional 8 shares during the period. Finally, Financial Advantage Inc. lifted its position in Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after purchasing an additional 8 shares during the period. 55.60% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on AMZN shares. Credit Suisse Group restated an “outperform” rating and set a $2,100.00 target price (down from $2,400.00) on shares of Amazon.com in a research report on Friday, October 25th. Susquehanna Bancshares set a $2,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. BidaskClub downgraded shares of Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 19th. SunTrust Banks upped their target price on shares of Amazon.com from $2,200.00 to $2,350.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus set a $2,300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Sunday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and an average price target of $2,189.97.
In other Amazon.com news, Director Indra K. Nooyi bought 100 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was acquired at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the purchase, the director now owns 250 shares in the company, valued at $431,515. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total value of $531,972.64. Following the sale, the director now directly owns 2,324 shares of the company’s stock, valued at $4,066,790.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,747 shares of company stock valued at $40,737,808. 16.10% of the stock is owned by company insiders.
NASDAQ AMZN traded down $7.44 during trading hours on Friday, reaching $1,780.76. 134,155 shares of the company’s stock were exchanged, compared to its average volume of 3,108,799. The company’s 50-day moving average is $1,759.99 and its two-hundred day moving average is $1,840.43. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The company has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the previous year, the company posted $5.75 earnings per share. Amazon.com’s revenue for the quarter was up 23.7% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.
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 third-party sellers through physical stores and online stores.
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