Acorn Financial Advisory Services Inc. ADV lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802 shares of the e-commerce giant’s stock after selling 44 shares during the period. Amazon.com accounts for approximately 1.3% of Acorn Financial Advisory Services Inc. ADV’s portfolio, making the stock its 13th largest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Amazon.com were worth $2,524,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. acquired a new position in Amazon.com in the first quarter valued at $294,639,000. FMR LLC boosted its stake in shares of Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock worth $44,283,569,000 after buying an additional 212,006 shares during the period. Capital International Investors boosted its stake in shares of Amazon.com by 7.3% during the first quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock worth $8,968,262,000 after buying an additional 312,549 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Amazon.com by 18.5% during the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock worth $12,459,236,000 after buying an additional 704,255 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Amazon.com by 10.7% during the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock worth $8,777,634,000 after buying an additional 435,331 shares during the period. Institutional investors own 57.32% of the company’s stock.
Shares of NASDAQ AMZN opened at $3,272.71 on Friday. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The firm’s 50 day moving average price is $3,207.58 and its 200 day moving average price is $2,802.40. The firm has a market cap of $1,639.27 billion, a P/E ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. As a group, equities analysts predict that Amazon.com, Inc. will post 31.61 EPS for the current year.
AMZN has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, October 7th. Guggenheim increased their target price on shares of Amazon.com from $2,700.00 to $3,600.00 in a research note on Friday, July 31st. Canaccord Genuity increased their target price on shares of Amazon.com from $3,300.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Edward Jones reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 31st. Finally, Telsey Advisory Group increased their price target on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have given a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average price target of $3,438.90.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 97,654 shares of Amazon.com stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the transaction, the chief executive officer now owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 1,377 shares of Amazon.com stock in a transaction on Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total transaction of $4,369,386.24. Following the completion of the transaction, the chief financial officer now owns 2,638 shares in the company, valued at approximately $8,370,690.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,815 shares of company stock worth $324,095,003. 16.10% of the stock is owned by company insiders.
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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