First Horizon Advisors Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 380.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,253 shares of the e-commerce giant’s stock after purchasing an additional 8,119 shares during the quarter. First Horizon Advisors Inc.’s holdings in Amazon.com were worth $21,330,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sphinx Trading LP bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $30,000. Lion Street Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $52,000. Lountzis Asset Management LLC boosted its stake in shares of Amazon.com by 60.0% during the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 6 shares during the period. True Link Financial Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $72,000. Finally, Dark Forest Capital Management LP bought a new stake in Amazon.com in the 2nd quarter valued at $96,000. Institutional investors own 56.96% of the company’s stock.
Several research firms recently issued reports on AMZN. Telsey Advisory Group reduced their price target on Amazon.com from $4,000.00 to $3,850.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. Guggenheim initiated coverage on Amazon.com in a report on Tuesday, November 23rd. They issued a “buy” rating and a $4,300.00 price objective for the company. Mizuho dropped their price objective on Amazon.com from $4,100.00 to $3,950.00 and set a “buy” rating for the company in a report on Friday, October 29th. BMO Capital Markets reaffirmed a “buy” rating and issued a $4,100.00 price objective on shares of Amazon.com in a report on Sunday, October 31st. Finally, Jefferies Financial Group dropped their price objective on Amazon.com from $4,200.00 to $4,000.00 and set a “buy” rating for the company in a report on Friday, October 29th. Forty equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $4,201.88.
Shares of Amazon.com stock opened at $3,242.76 on Friday. Amazon.com, Inc. has a one year low of $2,881.00 and a one year high of $3,773.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 0.87. The stock’s 50-day moving average is $3,438.21 and its 200 day moving average is $3,427.83. The firm has a market cap of $1.64 trillion, a price-to-earnings ratio of 63.43, a PEG ratio of 2.62 and a beta of 1.10.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing the consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The business had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. During the same quarter in the previous year, the company earned $12.37 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 40.79 EPS for the current fiscal year.
Amazon.com Company Profile
Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.
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