Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,431 shares of the e-commerce giant’s stock after purchasing an additional 86 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Amazon.com were worth $6,182,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Harbour Capital Advisors LLC grew its holdings in Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after acquiring an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after acquiring an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. grew its holdings in Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. grew its holdings in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Amazon.com by 125.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after acquiring an additional 457,300 shares during the last quarter. 59.77% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Goldman Sachs Group reissued a “buy” rating and set a $1,450.00 price objective (up previously from $1,300.00) on shares of Amazon.com in a report on Tuesday, November 28th. DA Davidson increased their price objective on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. JMP Securities reissued an “outperform” rating and set a $1,350.00 price objective (up previously from $1,240.00) on shares of Amazon.com in a report on Tuesday, December 19th. Vetr downgraded shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 target price on the stock. in a research report on Monday, November 27th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $1,375.00 target price (up from $1,220.00) on shares of Amazon.com in a research report on Monday, December 18th. Four investment analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average price target of $1,237.19.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the sale, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the sale, the director now owns 18,460 shares in the company, valued at $20,475,832. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock worth $444,391,701 over the last 90 days. Corporate insiders own 17.70% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,209.59 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The company has a market cap of $580,270.50, a P/E ratio of 307.00, a price-to-earnings-growth ratio of 7.07 and a beta of 1.46. Amazon.com, Inc. has a fifty-two week low of $760.26 and a fifty-two week high of $1,215.87.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. equities analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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