Davis R M Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 58.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,220 shares of the e-commerce giant’s stock after purchasing an additional 3,764 shares during the period. Davis R M Inc.’s holdings in Amazon.com were worth $15,350,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Park National Corp OH boosted its holdings in shares of Amazon.com by 2.8% in the third quarter. Park National Corp OH now owns 1,042 shares of the e-commerce giant’s stock worth $2,088,000 after buying an additional 28 shares during the period. Private Asset Management Inc. boosted its holdings in shares of Amazon.com by 2.5% in the third quarter. Private Asset Management Inc. now owns 4,741 shares of the e-commerce giant’s stock worth $9,496,000 after buying an additional 116 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Amazon.com by 33.8% in the third quarter. Sound Income Strategies LLC now owns 198 shares of the e-commerce giant’s stock worth $397,000 after buying an additional 50 shares during the period. Verde Servicos Internacionais S.A. boosted its holdings in shares of Amazon.com by 196.7% in the third quarter. Verde Servicos Internacionais S.A. now owns 1,902 shares of the e-commerce giant’s stock worth $3,233,000 after buying an additional 1,261 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in shares of Amazon.com by 17.7% in the third quarter. Fulton Bank N.A. now owns 5,096 shares of the e-commerce giant’s stock worth $10,208,000 after buying an additional 768 shares during the period. Institutional investors and hedge funds own 56.11% of the company’s stock.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,111,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 1,645 shares of Amazon.com stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $16,146,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,075 shares of company stock worth $11,802,708. Insiders own 16.30% of the company’s stock.
AMZN has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a report on Friday, December 21st. BidaskClub cut shares of Amazon.com from a “hold” rating to a “sell” rating in a report on Saturday, December 22nd. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 target price for the company in a report on Monday, December 31st. Goldman Sachs Group decreased their price target on shares of Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a report on Friday, January 4th. Finally, Pivotal Research initiated coverage on shares of Amazon.com in a report on Monday, January 7th. They set a “buy” rating and a $1,920.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $2,139.02.
Shares of AMZN opened at $1,863.04 on Wednesday. The company has a market cap of $906.88 billion, a P/E ratio of 92.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same quarter last year, the firm earned $2.16 earnings per share. Analysts predict that Amazon.com, Inc. will post 26.66 earnings per share for the current year.
Amazon.com Company Profile
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.
Featured Article: Key terms to understand channel trading
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.