Signet Investment Advisory Group Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22 shares of the e-commerce giant’s stock, valued at approximately $33,000.
Several other hedge funds have also modified their holdings of the stock. Spence Asset Management raised its stake in Amazon.com by 127.3% during the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 14 shares during the last quarter. Financial Advantage Inc. purchased a new stake in Amazon.com during the 4th quarter valued at $45,000. Contravisory Investment Management Inc. raised its stake in Amazon.com by 112.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 18 shares during the last quarter. O Brien Wealth Partners LLC raised its stake in Amazon.com by 104.8% during the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after buying an additional 22 shares during the last quarter. Finally, 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 buying an additional 7 shares during the last quarter. Institutional investors own 55.51% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday. BidaskClub downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday. Loop Capital reissued a “buy” rating and set a $2,380.00 price objective (up previously from $2,200.00) on shares of Amazon.com in a research report on Monday, June 3rd. Pivotal Research started coverage on shares of Amazon.com in a research report on Wednesday, May 29th. They set a “buy” rating for the company. Finally, Cowen reaffirmed an “outperform” rating and issued a $2,500.00 target price (up previously from $2,400.00) on shares of Amazon.com in a report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $2,196.39.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $19,344,200. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the completion of the sale, the vice president now owns 6,307 shares of the company’s stock, valued at $11,594,284.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,932 shares of company stock worth $24,196,737. Insiders own 16.10% of the company’s stock.
Shares of NASDAQ AMZN traded down $0.63 during midday trading on Friday, reaching $1,869.67. 2,705,339 shares of the company’s stock traded hands, compared to its average volume of 4,741,522. 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, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The company has a market cap of $913.43 billion, a PE ratio of 92.83, a P/E/G ratio of 2.11 and a beta of 1.62.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The firm had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. During the same period last year, the firm earned $3.27 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 26.55 earnings per share for the current fiscal year.
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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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