Beddow Capital Management Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278 shares of the e-commerce giant’s stock after buying an additional 5 shares during the quarter. Beddow Capital Management Inc.’s holdings in Amazon.com were worth $514,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Macroview Investment Management LLC grew its position in shares of Amazon.com by 166.7% in the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 10 shares during the last quarter. NewSquare Capital LLC increased its stake in shares of Amazon.com by 533.3% in the fourth quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after purchasing an additional 16 shares during the period. Birch Capital Management LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $46,000. Pflug Koory LLC lifted its position in shares of Amazon.com by 30.8% during the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 8 shares during the last quarter. Finally, Financial Advantage Inc. boosted its stake in Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after purchasing an additional 8 shares during the period. 56.42% of the stock is owned by institutional investors.
NASDAQ AMZN opened at $2,134.87 on Friday. The firm has a market cap of $1,062.76 billion, a price-to-earnings ratio of 92.78, a PEG ratio of 2.87 and a beta of 1.58. Amazon.com, Inc. has a 12-month low of $1,586.57 and a 12-month high of $2,185.95. The company has a 50-day simple moving average of $1,928.31 and a two-hundred day simple moving average of $1,817.96. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.38.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 30th. The e-commerce giant reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $2.49. Amazon.com had a return on equity of 21.07% and a net margin of 4.13%. The business had revenue of $87.44 billion during the quarter, compared to analyst estimates of $86.09 billion. During the same quarter in the prior year, the company posted $6.04 EPS. Amazon.com’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 27.57 earnings per share for the current fiscal year.
A number of research firms have issued reports on AMZN. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, December 31st. BMO Capital Markets upped their price target on Amazon.com to $2,450.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. KeyCorp increased their price objective on Amazon.com from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Piper Sandler raised their price objective on shares of Amazon.com from $2,150.00 to $2,450.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Susquehanna Bancshares set a $2,200.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average price target of $2,319.76.
In other news, CEO Jeffrey P. Bezos sold 324,686 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $2,051.70, for a total value of $666,158,266.20. Following the transaction, the chief executive officer now owns 56,143,208 shares in the company, valued at $115,189,019,853.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey P. Bezos sold 364,684 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $2,036.42, for a total value of $742,649,791.28. Following the completion of the transaction, the chief executive officer now directly owns 57,001,001 shares in the company, valued at $116,077,978,456.42. The disclosure for this sale can be found here. Insiders sold a total of 716,969 shares of company stock worth $1,465,051,075 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.
Further Reading: Cash Flow
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