Valeo Financial Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,400 shares of the e-commerce giant’s stock after buying an additional 842 shares during the quarter. Amazon.com comprises 0.9% of Valeo Financial Advisors LLC’s portfolio, making the stock its 18th biggest position. Valeo Financial Advisors LLC’s holdings in Amazon.com were worth $6,995,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. SeaTown Holdings Pte. Ltd. raised its stake in Amazon.com by 62.8% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 57,971 shares of the e-commerce giant’s stock valued at $116,116,000 after acquiring an additional 22,370 shares during the period. Boys Arnold & Co. Inc. increased its position in Amazon.com by 16.0% during the 3rd quarter. Boys Arnold & Co. Inc. now owns 1,203 shares of the e-commerce giant’s stock worth $2,411,000 after buying an additional 166 shares during the period. Private Capital Group LLC grew its holdings in shares of Amazon.com by 1.6% during the 3rd quarter. Private Capital Group LLC now owns 2,072 shares of the e-commerce giant’s stock worth $4,150,000 after purchasing an additional 32 shares in the last quarter. Greatmark Investment Partners Inc. acquired a new stake in Amazon.com in the third quarter valued at about $683,000. Finally, Cypress Capital Management LLC WY boosted its stake in Amazon.com by 31.2% in the third quarter. Cypress Capital Management LLC WY now owns 643 shares of the e-commerce giant’s stock valued at $1,288,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.
In other news, Director Daniel P. Huttenlocher sold 181 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,579.89, for a total value of $285,960.09. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,503 shares of company stock worth $8,552,040. 16.30% of the stock is owned by company insiders.
NASDAQ AMZN traded up $7.29 during trading hours on Monday, hitting $1,595.51. 21,524 shares of the stock were exchanged, compared to its average volume of 5,527,347. The stock has a market capitalization of $780.14 billion, a P/E ratio of 79.10, a P/E/G ratio of 2.23 and a beta of 1.62. Amazon.com, Inc. has a 12-month low of $1,265.93 and a 12-month high of $2,050.50. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.49. The company 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 period in the prior year, the business posted $2.16 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 26.47 earnings per share for the current fiscal year.
AMZN has been the subject of several research reports. Barclays reiterated an “overweight” rating and issued a $1,950.00 target price (down from $2,100.00) on shares of Amazon.com in a research report on Friday, October 26th. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Monday, October 29th. Wells Fargo & Co reissued a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research note on Sunday, October 28th. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $2,107.33.
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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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