Candriam Luxembourg S.C.A. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 80,550 shares of the e-commerce giant’s stock after buying an additional 979 shares during the period. Amazon.com comprises 1.6% of Candriam Luxembourg S.C.A.’s portfolio, making the stock its 9th largest position. Candriam Luxembourg S.C.A.’s holdings in Amazon.com were worth $149,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Johanson Financial Advisors Inc. boosted its stake in Amazon.com by 185,502.2% in the fourth 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 during the period. California Public Employees Retirement System increased its holdings 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 valued at $1,564,873,000 after purchasing an additional 219,380 shares during the period. State Street Corp raised its position in shares of Amazon.com by 0.8% during the 3rd quarter. State Street Corp now owns 16,705,952 shares of the e-commerce giant’s stock worth $29,000,029,000 after buying an additional 138,504 shares in the last quarter. Voloridge Investment Management LLC lifted its position in Amazon.com by 314.8% in 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 during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Amazon.com in the second quarter valued at $151,128,000. Hedge funds and other institutional investors own 56.40% of the company’s stock.
Several research analysts recently weighed in on AMZN shares. Jefferies Financial Group set a $2,300.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets dropped their price target on shares of Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $2,200.00 price target on shares of Amazon.com in a report on Tuesday, January 14th. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Cowen reaffirmed a “buy” rating and issued a $2,400.00 price objective on shares of Amazon.com in a research note on Tuesday, December 17th. One 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 stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,177.07.
In other news, SVP Jeffrey M. Blackburn sold 3,573 shares of Amazon.com stock in a transaction that occurred 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 transaction, the senior vice president now owns 50,659 shares of the company’s stock, valued at $88,766,219.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1,745.57, for a total transaction of $6,065,855.75. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $17,455,700. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock worth $17,869,618 in the last quarter. 16.10% of the stock is owned by corporate insiders.
NASDAQ:AMZN opened at $1,892.00 on Wednesday. The business’s fifty day moving average price is $1,826.40 and its 200 day moving average price is $1,816.82. 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 has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 1-year low of $1,566.76 and a 1-year high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. During the same quarter in the previous year, the business posted $5.75 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 20.51 earnings per share for the current year.
Amazon.com Company Profile
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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