Pettyjohn Wood & White Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 80.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 870 shares of the e-commerce giant’s stock after purchasing an additional 389 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Amazon.com were worth $1,510,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Bath Savings Trust Co raised its position in shares of Amazon.com by 7.3% during the second quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock worth $7,718,000 after acquiring an additional 276 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Amazon.com by 25.1% during the second quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock worth $20,388,000 after acquiring an additional 2,159 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in shares of Amazon.com by 9.7% during the second quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock worth $430,000 after acquiring an additional 20 shares during the last quarter. Private Asset Management Inc. raised its position in shares of Amazon.com by 1.6% during the second quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock worth $10,824,000 after acquiring an additional 92 shares during the last quarter. Finally, South Texas Money Management Ltd. increased its holdings in shares of Amazon.com by 5.5% in the second quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock worth $46,898,000 after acquiring an additional 1,287 shares in the last quarter. Institutional investors own 55.60% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,475,100. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,747 shares of company stock worth $40,737,808. Corporate insiders own 16.10% of the company’s stock.
NASDAQ AMZN traded down $2.32 during trading hours on Friday, hitting $1,785.88. 2,123,300 shares of the company traded hands, compared to its average volume of 4,016,732. The business’s 50-day moving average is $1,759.09 and its 200-day moving average is $1,840.01. 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 debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter last year, the business earned $5.75 EPS. Amazon.com’s revenue was up 23.7% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 20.52 EPS for the current year.
AMZN has been the subject of several recent analyst reports. Cowen set a $2,400.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley lowered their price target on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating for the company in a report on Friday, October 25th. UBS Group restated a “buy” rating on shares of Amazon.com in a report on Wednesday. Raymond James reduced their price objective on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $2,189.97.
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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