Argent Capital Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5,339.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,561 shares of the e-commerce giant’s stock after acquiring an additional 20,183 shares during the quarter. Amazon.com makes up about 2.1% of Argent Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Argent Capital Management LLC’s holdings in Amazon.com were worth $67,544,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Sphinx Trading LP acquired a new stake in Amazon.com during the 3rd quarter worth approximately $30,000. Lion Street Advisors LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $52,000. Lountzis Asset Management LLC lifted its holdings in Amazon.com by 60.0% during the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 6 shares during the last quarter. True Link Financial Advisors LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $72,000. Finally, Dark Forest Capital Management LP acquired a new stake in Amazon.com during the 2nd quarter worth approximately $96,000. Institutional investors own 57.48% of the company’s stock.
In related news, insider Jeffrey P. Bezos sold 50,034 shares of the company’s stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 32,700 shares of the company’s stock in a transaction dated Thursday, November 4th. The shares were sold at an average price of $3,485.57, for a total value of $113,978,139.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,314 shares of company stock worth $292,824,570. 14.00% of the stock is owned by corporate insiders.
NASDAQ AMZN opened at $3,251.08 on Monday. The business’s 50-day moving average price is $3,452.26 and its two-hundred day moving average price is $3,434.25. Amazon.com, Inc. has a 12 month low of $2,881.00 and a 12 month high of $3,773.08. The firm has a market capitalization of $1.65 trillion, a PE ratio of 63.60, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing the consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The business had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. During the same quarter in the previous year, the company earned $12.37 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 40.79 earnings per share for the current fiscal year.
Several brokerages have weighed in on AMZN. BMO Capital Markets reaffirmed a “buy” rating and issued a $4,100.00 price objective on shares of Amazon.com in a report on Sunday, October 31st. Raymond James dropped their price objective on Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating for the company in a report on Friday, October 29th. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $4,100.00 to $4,350.00 and gave the company an “overweight” rating in a report on Friday, October 29th. Telsey Advisory Group dropped their price objective on Amazon.com from $4,000.00 to $3,850.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Finally, Truist lifted their price objective on Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a report on Friday, October 29th. One analyst has rated the stock with a hold rating and forty have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $4,174.44.
About Amazon.com
Amazon.com, Inc 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 America-focused websites such as www.amazon.com and www.amazon.ca.
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