Macroview Investment Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 166.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16 shares of the e-commerce giant’s stock after acquiring an additional 10 shares during the quarter. Macroview Investment Management LLC’s holdings in Amazon.com were worth $28,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Enterprise Trust & Investment Co purchased a new position in Amazon.com in the 2nd quarter worth approximately $27,000. Phocas Financial Corp. purchased a new position in Amazon.com in the 2nd quarter worth approximately $45,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com in the 2nd quarter worth approximately $53,000. Financial Advantage Inc. boosted its holdings in Amazon.com by 26.7% in the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after acquiring an additional 8 shares during the period. Finally, Cerebellum GP LLC boosted its holdings in Amazon.com by 18.0% in the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock worth $69,000 after acquiring an additional 9 shares during the period. 55.60% of the stock is owned by institutional investors.
In other news, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the transaction, the chief financial officer now owns 2,480 shares of the company’s stock, valued at $4,421,840. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares of the company’s stock, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. In the last three months, insiders sold 22,747 shares of company stock valued at $40,737,808. Company insiders own 16.10% of the company’s stock.
A number of equities analysts have weighed in on the company. Morgan Stanley decreased their price target on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Barclays decreased their price target on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Bank of America restated a “buy” rating and issued a $2,250.00 price target (down previously from $2,350.00) on shares of Amazon.com in a report on Monday, October 21st. ValuEngine upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, Raymond James decreased their price target on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,189.97.
Shares of Amazon.com stock traded down $2.32 on Friday, hitting $1,785.88. 2,123,300 shares of the company’s stock traded hands, compared to its average volume of 4,016,732. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The stock has a market cap of $893.28 billion, a P/E ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The firm’s 50-day moving average is $1,759.09 and its 200 day moving average is $1,840.01. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the previous year, the company posted $5.75 EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 20.52 EPS for the current year.
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.
Further Reading: What does an outperform rating mean?
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