Allred Capital Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 786 shares of the e-commerce giant’s stock after selling 134 shares during the quarter. Amazon.com comprises approximately 1.5% of Allred Capital Management LLC’s portfolio, making the stock its 11th biggest position. Allred Capital Management LLC’s holdings in Amazon.com were worth $2,474,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com in the second quarter worth $28,000. Lountzis Asset Management LLC purchased a new position in Amazon.com during the second quarter valued at $28,000. James Investment Research Inc. purchased a new position in Amazon.com during the second quarter valued at $55,000. Spence Asset Management lifted its position in Amazon.com by 57.1% during the second quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after buying an additional 8 shares during the period. Finally, Legacy Wealth Planning LLC lifted its position in Amazon.com by 126.1% during the first quarter. Legacy Wealth Planning LLC now owns 694 shares of the e-commerce giant’s stock valued at $69,000 after buying an additional 387 shares during the period. 57.32% of the stock is owned by institutional investors.
AMZN has been the subject of several recent research reports. William Blair reissued a “buy” rating on shares of Amazon.com in a research report on Monday, June 22nd. Piper Sandler started coverage on Amazon.com in a research note on Friday, September 25th. They set an “overweight” rating and a $3,860.00 price target for the company. Bank of America boosted their price target on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Stifel Nicolaus boosted their price target on Amazon.com from $3,300.00 to $3,500.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Credit Suisse Group boosted their price target on Amazon.com from $3,400.00 to $3,680.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $3,438.90.
NASDAQ AMZN opened at $3,272.71 on Friday. The company has a market cap of $1,639.27 billion, a P/E ratio of 125.83, a P/E/G ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18. The business’s 50 day moving average price is $3,207.58 and its 200-day moving average price is $2,802.40. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. As a group, equities analysts predict that Amazon.com, Inc. will post 31.61 EPS for the current year.
In other news, CEO Jeffrey A. Wilke sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3,304.28, for a total transaction of $2,478,210.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $33,042,800. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Indra K. Nooyi acquired 8 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average cost of $3,208.60 per share, for a total transaction of $25,668.80. Following the transaction, the director now directly owns 826 shares in the company, valued at $2,650,303.60. The disclosure for this purchase can be found here. In the last three months, insiders have sold 102,815 shares of company stock worth $324,095,003. Corporate 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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