Thompson Investment Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172 shares of the e-commerce giant’s stock after buying an additional 10 shares during the period. Thompson Investment Management Inc.’s holdings in Amazon.com were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Bath Savings Trust Co boosted its stake in shares of Amazon.com by 7.3% in the second quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock valued at $7,718,000 after buying an additional 276 shares during the period. Advisory Services Network LLC boosted its stake in shares of Amazon.com by 25.1% in the second quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock valued at $20,388,000 after buying an additional 2,159 shares during the period. LVM Capital Management Ltd. MI boosted its stake in shares of Amazon.com by 9.7% in the second quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock valued at $430,000 after buying an additional 20 shares during the period. Private Asset Management Inc. boosted its stake in shares of Amazon.com by 1.6% in the second quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock valued at $10,824,000 after buying an additional 92 shares during the period. Finally, South Texas Money Management Ltd. boosted its stake in shares of Amazon.com by 5.5% in the second quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock valued at $46,898,000 after buying an additional 1,287 shares during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.
Shares of NASDAQ:AMZN traded down $2.32 during trading on Friday, hitting $1,785.88. 2,123,300 shares of the company were exchanged, compared to its average volume of 4,016,732. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The company has a market capitalization of $893.28 billion, a P/E ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $1,759.09 and its 200-day moving average is $1,840.01.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. Amazon.com’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.75 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. Barclays cut their price target on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus set a $2,300.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Sunday, October 20th. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Wednesday. Royal Bank of Canada cut their target price on Amazon.com to $2,500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, KeyCorp restated an “overweight” rating and set a $2,200.00 target price (up from $2,100.00) on shares of Amazon.com in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus price target of $2,189.97.
In other Amazon.com 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 sale, the senior vice president now owns 56,011 shares in the company, valued at approximately $100,338,105.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Indra K. Nooyi acquired 100 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the purchase, the director now owns 250 shares in the company, valued at approximately $431,515. The disclosure for this purchase can be found here. In the last quarter, insiders sold 22,747 shares of company stock valued at $40,737,808. Company 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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