Foresight Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024 shares of the e-commerce giant’s stock after acquiring an additional 15 shares during the quarter. Amazon.com accounts for approximately 1.2% of Foresight Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Foresight Wealth Management LLC’s holdings in Amazon.com were worth $1,892,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC bought a new position in Amazon.com in the fourth quarter worth about $852,000. Archford Capital Strategies LLC raised its holdings in Amazon.com by 12.9% in the fourth quarter. Archford Capital Strategies LLC now owns 1,236 shares of the e-commerce giant’s stock worth $2,284,000 after purchasing an additional 141 shares in the last quarter. Fulton Breakefield Broenniman LLC raised its holdings in Amazon.com by 2.9% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 5,500 shares of the e-commerce giant’s stock worth $10,162,000 after purchasing an additional 155 shares in the last quarter. Pflug Koory LLC raised its holdings in Amazon.com by 30.8% in the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 8 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Amazon.com by 6.5% in the fourth quarter. Raymond James Trust N.A. now owns 8,311 shares of the e-commerce giant’s stock worth $15,358,000 after purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.
A number of brokerages have commented on AMZN. Raymond James reduced their target price on shares of Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Susquehanna Bancshares set a $2,200.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup reiterated a “buy” rating and issued a $2,200.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Pivotal Research restated a “buy” rating and set a $2,100.00 price target (down previously from $2,500.00) on shares of Amazon.com in a research note on Tuesday, November 26th. Finally, Macquarie set a $2,200.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have assigned a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average price target of $2,171.64.
AMZN stock opened at $1,862.02 on Thursday. The firm’s fifty day simple moving average is $1,818.23 and its 200-day simple moving average is $1,817.94. The company has a market capitalization of $926.86 billion, a P/E ratio of 82.79, a price-to-earnings-growth ratio of 2.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $1,566.76 and a 12 month high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $5.75 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 20.51 earnings per share for the current year.
In other news, SVP Jeffrey M. Blackburn sold 3,573 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,752.23, for a total value of $6,260,717.79. Following the sale, the senior vice president now directly owns 50,659 shares of the company’s stock, valued at approximately $88,766,219.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith A. Mcgrath sold 304 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the completion of the sale, the director now directly owns 2,324 shares in the company, valued at $4,066,790.84. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock worth $17,869,618 over the last ninety days. 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.
Featured Article: Why do commodities matter?
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
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.