Camelot Portfolios LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,842 shares of the e-commerce giant’s stock after buying an additional 1,800 shares during the quarter. Camelot Portfolios LLC’s holdings in Amazon.com were worth $1,112,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kavar Capital Partners Group LLC boosted its holdings in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp lifted its holdings in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its holdings in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the period. 57.64% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the sale, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock worth $5,077,578 in the last 90 days. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Stock Up 3.0 %
AMZN opened at $102.24 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The firm’s fifty day moving average is $90.90 and its 200 day moving average is $109.73. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 93.84, a price-to-earnings-growth ratio of 3.11 and a beta of 1.22.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter last year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. will post 0.67 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have commented on AMZN. StockNews.com began coverage on shares of Amazon.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Mizuho lowered their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. Bank of America lowered their price objective on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Amazon.com from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, December 16th. Finally, DA Davidson lowered their price objective on shares of Amazon.com to $114.00 in a report on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.41.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.
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