Coastline Trust Co boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 48.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,871 shares of the e-commerce giant’s stock after purchasing an additional 1,269 shares during the quarter. Coastline Trust Co’s holdings in Amazon.com were worth $3,721,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Truepoint Inc. raised its holdings in shares of Amazon.com by 94,448.7% in the 3rd quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 572,359 shares in the last quarter. Atlantic Trust LLC raised its holdings in shares of Amazon.com by 7.5% in the 3rd quarter. Atlantic Trust LLC now owns 2,776 shares of the e-commerce giant’s stock valued at $2,669,000 after acquiring an additional 193 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Amazon.com in the 3rd quarter valued at about $213,000. Salem Investment Counselors Inc. raised its holdings in shares of Amazon.com by 8.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 17,565 shares of the e-commerce giant’s stock valued at $16,795,000 after acquiring an additional 1,405 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Amazon.com in the 3rd quarter valued at about $250,000. Institutional investors and hedge funds own 60.22% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) opened at $1,578.89 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. Amazon.com, Inc. has a 1 year low of $833.50 and a 1 year high of $1,578.94. The firm has a market capitalization of $764,352.06, a P/E ratio of 346.25, a P/E/G ratio of 6.95 and a beta of 1.54.
In related news, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total transaction of $379,617.50. The transaction was disclosed in a document filed 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 that occurred on Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total value of $1,005,000.00. Following the sale, the director now owns 14,159 shares in the company, valued at $21,238,500. The disclosure for this sale can be found here. Insiders have sold 5,714 shares of company stock worth $8,462,195 over the last 90 days. 17.00% of the stock is currently owned by corporate insiders.
Several analysts have weighed in on AMZN shares. Loop Capital set a $1,300.00 price target on Amazon.com and gave the company a “buy” rating in a report on Monday, November 13th. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a report on Wednesday, November 15th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Sunday, November 19th. Nomura reaffirmed a “buy” rating and issued a $1,360.00 price target on shares of Amazon.com in a report on Monday, November 20th. Finally, Vetr cut Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 price objective on the stock. in a report on Monday, November 27th. Five equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,472.95.
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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