Sky Investment Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 438.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 840 shares of the e-commerce giant’s stock after acquiring an additional 684 shares during the quarter. Sky Investment Group LLC’s holdings in Amazon.com were worth $1,262,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in shares of Amazon.com by 4.1% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after purchasing an additional 6 shares during the period. Boltwood Capital Management grew its holdings in shares of Amazon.com by 1.9% in the fourth quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 7 shares during the period. Cordasco Financial Network grew its holdings in shares of Amazon.com by 17.4% in the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after purchasing an additional 8 shares during the period. Heritage Trust Co grew its holdings in shares of Amazon.com by 3.4% in the fourth quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock valued at $409,000 after purchasing an additional 9 shares during the period. Finally, Jackson Grant Investment Advisers Inc. grew its holdings in shares of Amazon.com by 18.4% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 58 shares of the e-commerce giant’s stock valued at $87,000 after purchasing an additional 9 shares during the period. 56.03% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on AMZN. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,300.00 target price (down previously from $2,400.00) on shares of Amazon.com in a research report on Friday, February 1st. Benchmark decreased their target price on shares of Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 target price on the stock in a research report on Monday, December 31st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday. Four analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $2,167.09.
AMZN stock opened at $1,950.63 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The company has a market cap of $959.81 billion, a P/E ratio of 96.85, a PEG ratio of 2.22 and a beta of 1.63.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 30.61%. The firm had revenue of $59.70 billion for the quarter, compared to analyst estimates of $59.73 billion. During the same period in the prior year, the firm earned $3.27 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 26.6 EPS for the current year.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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