Almanack Investment Partners LLC. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 47.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 418 shares of the e-commerce giant’s stock after buying an additional 134 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Amazon.com were worth $371,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Security National Bank of SO Dak bought a new stake in shares of Amazon.com in the 1st quarter worth about $228,000. Horizon Investment Services LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $226,000. HighTower Advisors LLC grew its holdings in shares of Amazon.com by 21.8% in the 1st quarter. HighTower Advisors LLC now owns 52,189 shares of the e-commerce giant’s stock worth $46,284,000 after purchasing an additional 9,354 shares during the last quarter. Gareth Morgan Investments Limited Partnership grew its holdings in shares of Amazon.com by 17.3% in the 1st quarter. Gareth Morgan Investments Limited Partnership now owns 21,863 shares of the e-commerce giant’s stock worth $19,382,000 after purchasing an additional 3,229 shares during the last quarter. Finally, united american securities inc. d b a uas asset management grew its holdings in shares of Amazon.com by 40.6% in the 1st quarter. united american securities inc. d b a uas asset management now owns 20,575 shares of the e-commerce giant’s stock worth $18,241,000 after purchasing an additional 5,939 shares during the last quarter. Institutional investors own 60.80% of the company’s stock.
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Amazon.com, Inc. (AMZN) traded up 0.31% during mid-day trading on Tuesday, reaching $981.02. The company’s stock had a trading volume of 1,349,070 shares. The stock has a 50-day moving average price of $981.92 and a 200-day moving average price of $946.48. The company has a market capitalization of $471.26 billion, a price-to-earnings ratio of 249.50 and a beta of 1.47. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post $3.99 EPS for the current year.
A number of brokerages have commented on AMZN. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Robert W. Baird raised shares of Amazon.com from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price objective on the stock in a report on Monday, July 3rd. Citigroup Inc. reissued a “buy” rating and set a $1,200.00 price objective (down previously from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. Finally, BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,092.58.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,793 shares of company stock worth $9,574,377. 17.70% of the stock is currently owned by insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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