Access Financial Services Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 150 shares of the e-commerce giant’s stock after selling 8 shares during the quarter. Access Financial Services Inc.’s holdings in Amazon.com were worth $277,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Johanson Financial Advisors Inc. increased its position in Amazon.com by 185,502.2% in the 4th quarter. Johanson Financial Advisors Inc. now owns 2,095,449 shares of the e-commerce giant’s stock valued at $1,134,000 after acquiring an additional 2,094,320 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Amazon.com by 32.2% during the third quarter. California Public Employees Retirement System now owns 901,471 shares of the e-commerce giant’s stock worth $1,564,873,000 after purchasing an additional 219,380 shares in the last quarter. State Street Corp lifted its position in shares of Amazon.com by 0.8% during the third quarter. State Street Corp now owns 16,705,952 shares of the e-commerce giant’s stock worth $29,000,029,000 after purchasing an additional 138,504 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Amazon.com by 314.8% during the third quarter. Voloridge Investment Management LLC now owns 156,440 shares of the e-commerce giant’s stock worth $271,566,000 after purchasing an additional 118,721 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Amazon.com during the second quarter valued at approximately $151,128,000. Institutional investors and hedge funds own 56.40% of the company’s stock.
In related news, SVP Jeffrey M. Blackburn sold 3,573 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1,752.23, for a total transaction of $6,260,717.79. Following the sale, the senior vice president now owns 50,659 shares of the company’s stock, valued at approximately $88,766,219.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Mcgrath sold 304 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total value of $531,972.64. Following the sale, the director now directly owns 2,324 shares in the company, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,196 shares of company stock worth $17,869,618. Insiders own 16.10% of the company’s stock.
Amazon.com stock opened at $1,892.00 on Wednesday. The firm has a market capitalization of $924.52 billion, a price-to-earnings ratio of 83.79, a PEG ratio of 2.59 and a beta of 1.50. The company’s 50 day simple moving average is $1,826.40 and its 200 day simple moving average is $1,816.82. 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 fifty-two week low of $1,566.76 and a fifty-two week high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.75 EPS. As a group, analysts predict that Amazon.com, Inc. will post 20.51 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. MKM Partners reissued a “buy” rating and issued a $2,250.00 price target on shares of Amazon.com in a report on Wednesday, December 4th. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, October 25th. Oppenheimer decreased their price objective on Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. UBS Group increased their price objective on Amazon.com from $2,100.00 to $2,305.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $2,200.00 target price on shares of Amazon.com in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average target price of $2,177.07.
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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