Measured Wealth Private Client Group LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 47.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369 shares of the e-commerce giant’s stock after acquiring an additional 119 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Amazon.com were worth $641,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Community Trust & Investment Co. increased its stake in Amazon.com by 33.4% during the 3rd quarter. Community Trust & Investment Co. now owns 9,610 shares of the e-commerce giant’s stock worth $16,682,000 after purchasing an additional 2,407 shares in the last quarter. Rockland Trust Co. increased its stake in Amazon.com by 102.0% during the 3rd quarter. Rockland Trust Co. now owns 1,519 shares of the e-commerce giant’s stock worth $2,619,000 after purchasing an additional 767 shares in the last quarter. Intellectus Partners LLC increased its stake in Amazon.com by 0.7% during the 3rd quarter. Intellectus Partners LLC now owns 4,091 shares of the e-commerce giant’s stock worth $7,102,000 after purchasing an additional 27 shares in the last quarter. Buffington Mohr McNeal increased its stake in Amazon.com by 6.4% during the 3rd quarter. Buffington Mohr McNeal now owns 817 shares of the e-commerce giant’s stock worth $1,418,000 after purchasing an additional 49 shares in the last quarter. Finally, E&G Advisors LP increased its stake in Amazon.com by 2.3% during the 3rd quarter. E&G Advisors LP now owns 1,136 shares of the e-commerce giant’s stock worth $1,972,000 after purchasing an additional 25 shares in the last quarter. 55.71% of the stock is owned by institutional investors.
In related news, SVP David Zapolsky sold 880 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,776.73, for a total value of $1,563,522.40. Following the sale, the senior vice president now owns 3,749 shares in the company, valued at approximately $6,660,960.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the sale, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,443 shares of company stock worth $40,205,835. 16.10% of the stock is owned by company insiders.
Shares of NASDAQ AMZN traded up $24.47 during trading hours on Friday, hitting $1,744.73. The company had a trading volume of 1,298,891 shares, compared to its average volume of 3,106,419. The stock has a market capitalization of $862.72 billion, a P/E ratio of 86.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The firm’s 50 day moving average is $1,776.47 and its 200-day moving average is $1,847.28.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current year.
AMZN has been the subject of a number of research reports. Credit Suisse Group reissued an “outperform” rating and set a $2,250.00 target price (up from $2,200.00) on shares of Amazon.com in a research note on Wednesday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $2,200.00 target price (down from $2,300.00) on shares of Amazon.com in a research note on Monday, September 23rd. Monness Crespi & Hardt set a $2,300.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 19th. Bank of America reissued a “buy” rating and set a $2,350.00 target price (up from $2,300.00) on shares of Amazon.com in a research note on Friday, July 26th. Finally, Wedbush reaffirmed a “buy” rating and set a $2,350.00 price target on shares of Amazon.com in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have assigned a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $2,256.29.
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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