Tocqueville Asset Management L.P. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,595 shares of the e-commerce giant’s stock after selling 42,368 shares during the period. Amazon.com comprises 1.3% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 9th largest holding. Tocqueville Asset Management L.P.’s holdings in Amazon.com were worth $86,100,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Peak Asset Management LLC raised its holdings in shares of Amazon.com by 1.1% in the 2nd quarter. Peak Asset Management LLC now owns 548 shares of the e-commerce giant’s stock valued at $1,038,000 after purchasing an additional 6 shares in the last quarter. New World Advisors LLC increased its holdings in Amazon.com by 0.8% in the second quarter. New World Advisors LLC now owns 731 shares of the e-commerce giant’s stock valued at $1,384,000 after buying an additional 6 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in Amazon.com by 1.2% in the third quarter. CHICAGO TRUST Co NA now owns 500 shares of the e-commerce giant’s stock valued at $868,000 after buying an additional 6 shares during the last quarter. Lantz Financial LLC raised its stake in Amazon.com by 1.1% in the third quarter. Lantz Financial LLC now owns 573 shares of the e-commerce giant’s stock valued at $982,000 after buying an additional 6 shares in the last quarter. Finally, Sky Investment Group LLC raised its stake in Amazon.com by 0.7% in the third quarter. Sky Investment Group LLC now owns 882 shares of the e-commerce giant’s stock valued at $1,531,000 after buying an additional 6 shares in the last quarter. 55.98% of the stock is currently owned by hedge funds and other institutional investors.
In other Amazon.com news, SVP Jeffrey M. Blackburn sold 3,573 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $1,752.23, for a total value of $6,260,717.79. Following the transaction, the senior vice president now directly owns 50,659 shares in the company, valued at approximately $88,766,219.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares in the company, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock worth $17,869,618 in the last 90 days. 16.10% of the stock is currently owned by insiders.
NASDAQ AMZN opened at $1,869.44 on Wednesday. The firm’s fifty day moving average is $1,816.83 and its two-hundred day moving average is $1,818.18. Amazon.com, Inc. has a one year low of $1,566.76 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 firm has a market cap of $926.87 billion, a PE ratio of 92.82, a P/E/G ratio of 2.62 and a beta of 1.50.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the 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 business had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. During the same quarter last year, the company posted $5.75 EPS. Amazon.com’s quarterly revenue was up 23.7% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 20.51 earnings per share for the current year.
AMZN has been the subject of several analyst reports. Bank of America upped their price objective on Amazon.com from to and gave the stock a “buy” rating in a research report on Tuesday. Wedbush cut their target price 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. BMO Capital Markets cut their target price on Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wolfe Research initiated coverage on Amazon.com in a research note on Tuesday, October 8th. They set an “outperform” rating and a $2,234.00 target price for the company. Finally, Macquarie set a $2,200.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $2,171.64.
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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