Sheaff Brock Investment Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,163 shares of the e-commerce giant’s stock after selling 3,189 shares during the quarter. Amazon.com makes up 1.7% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Amazon.com were worth $10,759,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AMZN. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Amazon.com by 4.1% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after purchasing an additional 6 shares during the period. Boltwood Capital Management raised its stake in Amazon.com by 1.9% during the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Cordasco Financial Network raised its stake in Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after acquiring an additional 8 shares during the last quarter. Finally, Heritage Trust Co raised its stake in Amazon.com by 3.4% during the 4th quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock valued at $409,000 after acquiring an additional 9 shares during the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,111,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Indra K. Nooyi sold 58 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $1,701.56, for a total value of $98,690.48. Following the completion of the transaction, the director now directly owns 150 shares in the company, valued at approximately $255,234. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,990 shares of company stock worth $24,295,428. 16.10% of the stock is owned by corporate insiders.
AMZN stock traded down $17.24 during midday trading on Wednesday, reaching $1,819.19. The company had a trading volume of 3,851,957 shares, compared to its average volume of 4,779,563. The company has a market cap of $897.66 billion, a P/E ratio of 90.33, a PEG ratio of 2.08 and a beta of 1.62. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. The company had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.27 earnings per share. Analysts expect that Amazon.com, Inc. will post 26.55 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. JMP Securities upped their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Piper Jaffray Companies upped their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Bank of America upped their price target on Amazon.com from $2,100.00 to $2,300.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $2,191.89.
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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