Coastline Trust Co lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,567 shares of the e-commerce giant’s stock after purchasing an additional 26 shares during the quarter. Amazon.com comprises 1.4% of Coastline Trust Co’s investment portfolio, making the stock its 4th largest position. Coastline Trust Co’s holdings in Amazon.com were worth $10,287,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Macroview Investment Management LLC grew its holdings in Amazon.com by 166.7% during the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 10 shares during the period. NewSquare Capital LLC grew its holdings in Amazon.com by 533.3% during the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after acquiring an additional 16 shares during the period. Phocas Financial Corp. acquired a new stake in Amazon.com during the 2nd quarter worth $45,000. Pflug Koory LLC grew its holdings in Amazon.com by 30.8% during the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 8 shares during the period. Finally, Financial Advantage Inc. grew its holdings in Amazon.com by 26.7% during 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. 55.98% of the stock is owned by institutional investors and hedge funds.
AMZN opened at $1,862.02 on Thursday. The stock has a market capitalization of $926.86 billion, a P/E ratio of 92.45, a P/E/G ratio of 2.60 and a beta of 1.50. Amazon.com, Inc. has a 12 month low of $1,566.76 and a 12 month high of $2,035.80. The firm’s fifty day simple moving average is $1,818.23 and its 200 day simple moving average is $1,817.94. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.75 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 20.51 EPS for the current fiscal year.
In other Amazon.com news, SVP Jeffrey M. Blackburn sold 3,573 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $1,752.23, for a total transaction of $6,260,717.79. Following the sale, the senior vice president now directly owns 50,659 shares of the company’s stock, valued at approximately $88,766,219.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $1,745.57, for a total transaction of $6,065,855.75. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $17,455,700. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock worth $17,869,618 over the last ninety days. 16.10% of the stock is currently owned by insiders.
A number of analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Amazon.com in a report on Thursday, January 9th. They set a “market perform” rating and a $2,050.00 target price for the company. Macquarie set a $2,200.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, October 8th. They set an “outperform” rating and a $2,234.00 target price for the company. BMO Capital Markets lowered their target price on shares of Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average price target of $2,171.64.
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.
See Also: How Do I Invest in Dividend Stocks
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.