E&G Advisors LP increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,136 shares of the e-commerce giant’s stock after buying an additional 25 shares during the quarter. Amazon.com comprises 0.8% of E&G Advisors LP’s holdings, making the stock its 28th largest position. E&G Advisors LP’s holdings in Amazon.com were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Country Trust Bank raised its holdings in Amazon.com by 0.7% in the third quarter. Country Trust Bank now owns 39,756 shares of the e-commerce giant’s stock valued at $69,013,000 after acquiring an additional 262 shares in the last quarter. Cypress Capital Group raised its holdings in Amazon.com by 1.7% in the third quarter. Cypress Capital Group now owns 1,860 shares of the e-commerce giant’s stock valued at $3,229,000 after acquiring an additional 31 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Amazon.com by 11.1% in the third quarter. Pacer Advisors Inc. now owns 75,063 shares of the e-commerce giant’s stock valued at $130,303,000 after acquiring an additional 7,501 shares in the last quarter. Truewealth LLC raised its holdings in Amazon.com by 1.9% in the third quarter. Truewealth LLC now owns 1,120 shares of the e-commerce giant’s stock valued at $1,944,000 after acquiring an additional 21 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its holdings in Amazon.com by 1.6% in the third quarter. Quattro Financial Advisors LLC now owns 4,528 shares of the e-commerce giant’s stock valued at $7,798,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.
AMZN has been the topic of several recent analyst reports. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,200.00 price target (down from $2,300.00) on shares of Amazon.com in a report on Monday, September 23rd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Zacks Investment Research raised shares of Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 price target on the stock in a report on Wednesday, September 25th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $2,350.00 price target (up from $2,240.00) on shares of Amazon.com in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $2,256.29.
Shares of AMZN stock traded up $20.83 during trading hours on Friday, reaching $1,741.09. The stock had a trading volume of 987,788 shares, compared to its average volume of 3,106,419. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The firm has a 50-day simple moving average of $1,776.47 and a 200-day simple moving average of $1,847.28. The firm has a market capitalization of $862.20 billion, a PE ratio of 86.45, a price-to-earnings-growth ratio of 2.17 and a beta of 1.54.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. During the same period last year, the business earned $5.07 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 24.01 earnings per share for the current year.
In related news, SVP Jeffrey M. Blackburn sold 7,144 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $1,791.40, for a total value of $12,797,761.60. Following the completion of the transaction, the senior vice president now owns 56,011 shares in the company, valued at approximately $100,338,105.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,739,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,443 shares of company stock worth $40,205,835. Corporate insiders own 16.10% of the company’s stock.
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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