Klingman & Associates LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 512 shares of the e-commerce giant’s stock after selling 18 shares during the quarter. Klingman & Associates LLC’s holdings in Amazon.com were worth $769,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AMZN. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Amazon.com by 4.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock worth $231,000 after buying an additional 6 shares in the last quarter. Boltwood Capital Management raised its stake in shares of Amazon.com by 1.9% during the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock worth $573,000 after buying an additional 7 shares in the last quarter. Cordasco Financial Network raised its stake in shares of Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after buying an additional 8 shares in the last quarter. Heritage Trust Co raised its stake in shares of Amazon.com by 3.4% during the 4th quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock worth $409,000 after buying an additional 9 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its stake in shares of Amazon.com by 18.4% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 58 shares of the e-commerce giant’s stock worth $87,000 after buying an additional 9 shares in the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ AMZN traded down $17.24 during trading on Wednesday, hitting $1,819.19. The company had a trading volume of 3,851,957 shares, compared to its average volume of 4,779,563. The stock has a market capitalization of $897.66 billion, a P/E ratio of 90.33, a P/E/G ratio of 2.08 and a beta of 1.62. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.09.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The company had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter in the prior year, the company earned $3.27 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 26.55 earnings per share for the current year.
A number of research firms recently weighed in on AMZN. Goldman Sachs Group restated a “buy” rating and issued a $2,400.00 price target (up previously from $2,100.00) on shares of Amazon.com in a report on Friday, April 26th. Citigroup reiterated an “in-line” rating and set a $2,000.00 target price on shares of Amazon.com in a report on Friday, February 1st. CIBC increased their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Aegis restated a “buy” rating and set a $2,250.00 price objective (up previously from $2,225.00) on shares of Amazon.com in a report on Friday, April 26th. Finally, Bank of America raised their price objective 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 analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $2,191.89.
In related news, CEO Jeffrey A. Wilke sold 1,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,582,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,111,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,990 shares of company stock worth $24,295,428. 16.10% of the stock is currently owned by corporate insiders.
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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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