Capital Management Associates NY grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,642 shares of the e-commerce giant’s stock after purchasing an additional 4,924 shares during the quarter. Amazon.com comprises about 5.2% of Capital Management Associates NY’s investment portfolio, making the stock its 2nd biggest position. Capital Management Associates NY’s holdings in Amazon.com were worth $3,576,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Meridian Investment Counsel Inc. raised its holdings in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its stake in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Fiduciary Planning LLC grew its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its stake in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.
Amazon.com Stock Performance
NASDAQ AMZN opened at $90.73 on Friday. The company has a fifty day simple moving average of $95.85 and a 200 day simple moving average of $102.78. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market cap of $929.73 billion, a P/E ratio of -338.53, a PEG ratio of 3.80 and a beta of 1.25.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on AMZN shares. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Truist Financial lowered their target price on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. New Street Research started coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. Finally, Telsey Advisory Group decreased their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $144.87.
Insider Activity at Amazon.com
In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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