Klingenstein Fields & Co. LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,499 shares of the e-commerce giant’s stock after selling 1,966 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in Amazon.com were worth $26,436,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Harbour Capital Advisors LLC increased its position in shares of 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 valued at $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of 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 valued at $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 valued at $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. increased its position in shares of Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of 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 valued at $796,497,000 after purchasing an additional 457,300 shares during the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.
Several brokerages have recently commented on AMZN. SunTrust Banks reiterated a “buy” rating and set a $1,400.00 price objective (up from $1,270.00) on shares of Amazon.com in a research report on Friday. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday. Stifel Nicolaus increased their price objective on Amazon.com from $1,313.00 to $1,425.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reiterated a “buy” rating and set a $1,385.00 price objective (up from $1,375.00) on shares of Amazon.com in a research report on Wednesday. Finally, Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average target price of $1,262.35.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,305.20 on Friday. Amazon.com, Inc. has a fifty-two week low of $803.00 and a fifty-two week high of $1,305.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The firm has a market capitalization of $628,940.00, a P/E ratio of 329.60, a price-to-earnings-growth ratio of 7.77 and a beta of 1.46.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. sell-side analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $11,603,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 402,338 shares of company stock valued at $444,391,701. 17.70% of the stock is currently owned by company insiders.
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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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