Yellowstone Partners LLC Buys Shares of 993 Amazon.com, Inc. (AMZN)

Yellowstone Partners LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, HoldingsChannel reports. The institutional investor bought 993 shares of the e-commerce giant’s stock, valued at approximately $955,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CI Investments Inc. increased its position in shares of Amazon.com by 0.7% during the 3rd quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock valued at $54,792,000 after purchasing an additional 400 shares during the last quarter. Perpetual Ltd bought a new position in shares of Amazon.com during the 2nd quarter valued at about $25,356,000. R. G. Niederhoffer Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at about $871,000. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Amazon.com by 13.7% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 904 shares of the e-commerce giant’s stock valued at $869,000 after purchasing an additional 109 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Amazon.com during the 2nd quarter valued at about $1,984,000. Institutional investors and hedge funds own 59.39% of the company’s stock.

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Several equities research analysts recently weighed in on AMZN shares. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 target price for the company in a report on Wednesday, November 29th. UBS Group increased their target price on Amazon.com to $1,760.00 and gave the company a “buy” rating in a report on Friday. They noted that the move was a valuation call. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a report on Monday, December 4th. Oppenheimer restated a “buy” rating on shares of Amazon.com in a report on Friday, February 2nd. Finally, Macquarie restated a “buy” rating on shares of Amazon.com in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $1,472.95.

In related news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $9,553,336.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total value of $1,005,000.00. Following the completion of the sale, the director now directly owns 14,159 shares of the company’s stock, valued at approximately $21,238,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,714 shares of company stock valued at $8,462,195. 17.70% of the stock is owned by corporate insiders.

Amazon.com, Inc. (AMZN) opened at $1,578.89 on Friday. Amazon.com, Inc. has a 52-week low of $833.50 and a 52-week high of $1,578.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The firm has a market capitalization of $777,670.00, a P/E ratio of 344.74, a P/E/G ratio of 6.83 and a beta of 1.54.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter last year, the company earned $1.54 EPS. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. equities analysts forecast that Amazon.com, Inc. will post 8.49 earnings per share for the current year.

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Amazon.com Profile

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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