Eqis Capital Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 168.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,734 shares of the e-commerce giant’s stock after buying an additional 1,717 shares during the period. Eqis Capital Management Inc.’s holdings in Amazon.com were worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vestor Capital LLC increased its holdings in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the last quarter. WealthTrust Arizona LLC increased its holdings in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com in the second quarter valued at $116,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Amazon.com in the second quarter valued at $121,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
AMZN has been the topic of several research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Monness Crespi & Hardt upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a report on Friday, October 27th. Leerink Swann reiterated a “buy” rating on shares of Amazon.com in a report on Monday, October 30th. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $1,222.95.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period in the prior year, the company earned $0.52 EPS. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. analysts expect that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 in the last ninety days. 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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