Wolff Wiese Magana LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1,884.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,765 shares of the e-commerce giant's stock after acquiring an additional 15,920 shares during the quarter. Amazon.com comprises about 1.3% of Wolff Wiese Magana LLC's investment portfolio, making the stock its 18th biggest position. Wolff Wiese Magana LLC's holdings in Amazon.com were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Chartist Inc. CA grew its holdings in Amazon.com by 10.1% during the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant's stock valued at $1,057,000 after purchasing an additional 29 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $1,460,000. Comgest Global Investors S.A.S. raised its holdings in shares of Amazon.com by 36.1% in the fourth quarter. Comgest Global Investors S.A.S. now owns 64,580 shares of the e-commerce giant's stock worth $215,332,000 after buying an additional 17,129 shares during the period. Cloverfields Capital Group LP lifted its stake in shares of Amazon.com by 10.2% during the 4th quarter. Cloverfields Capital Group LP now owns 1,005 shares of the e-commerce giant's stock worth $3,351,000 after acquiring an additional 93 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its holdings in Amazon.com by 4.0% during the 4th quarter. Chilton Capital Management LLC now owns 18,360 shares of the e-commerce giant's stock valued at $61,218,000 after acquiring an additional 713 shares during the period. 57.15% of the stock is currently owned by hedge funds and other institutional investors.
Get Amazon.com alerts:Amazon.com Stock Down 1.6 %
Shares of AMZN stock opened at $113.00 on Monday. The stock has a 50 day moving average of $129.81 and a 200 day moving average of $128.63. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.15 trillion, a P/E ratio of 101.30, a P/E/G ratio of 5.15 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 0.98 EPS for the current year.Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on AMZN. Oppenheimer decreased their target price on Amazon.com from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, July 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Tigress Financial reissued a "buy" rating and issued a $232.00 price objective on shares of Amazon.com in a research note on Wednesday, June 29th. Wolfe Research lifted their target price on Amazon.com from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, July 29th. Finally, Rosenblatt Securities increased their price target on Amazon.com to $118.00 and gave the stock a "neutral" rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.49.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm's stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company's stock, valued at $14,741,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company's stock, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,628 shares of company stock valued at $9,802,599. Company insiders own 12.70% of the company's stock.
Amazon.com Company Profile
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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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