Donaldson Capital Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,570 shares of the e-commerce giant’s stock after purchasing an additional 529 shares during the period. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $4,461,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co acquired a new position in Amazon.com during the 2nd quarter worth approximately $27,000. Phocas Financial Corp. acquired a new position in Amazon.com during the 2nd quarter worth approximately $4,545,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $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 worth $70,000 after acquiring an additional 8 shares in the last quarter. 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 worth $65,000 after acquiring an additional 8 shares in the last quarter. 55.60% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on AMZN shares. Jefferies Financial Group set a $2,300.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Pivotal Research reissued a “buy” rating and set a $2,615.00 price target (down from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $2,200.00 price target on shares of Amazon.com in a research report on Friday, October 25th. Wedbush reduced their price target on Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, JMP Securities reduced their price target on Amazon.com from $2,275.00 to $2,250.00 and set a “market outperform” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $2,189.97.
Shares of NASDAQ AMZN opened at $1,785.88 on Friday. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. The business has a 50 day simple moving average of $1,759.09 and a 200-day simple moving average of $1,840.01.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter last year, the firm posted $5.75 earnings per share. Amazon.com’s revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current year.
In other news, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the sale, the chief financial officer now directly owns 2,480 shares in the company, valued at approximately $4,421,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $1,791.40, for a total value of $12,797,761.60. Following the completion of the sale, the senior vice president now owns 56,011 shares of the company’s stock, valued at $100,338,105.40. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock valued at $40,737,808 over the last quarter. Company insiders own 16.10% of the company’s stock.
Amazon.com Company Profile
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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