High Pines Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the 1st quarter, HoldingsChannel reports. The firm owned 1,132 shares of the e-commerce giant’s stock after acquiring an additional 53 shares during the quarter. Amazon.com accounts for about 3.1% of High Pines Wealth Management LLC’s portfolio, making the stock its 15th largest position. High Pines Wealth Management LLC’s holdings in Amazon.com were worth $3,502,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its position in Amazon.com by 6.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 3,231 shares of the e-commerce giant’s stock valued at $10,523,000 after purchasing an additional 191 shares during the period. NinePointTwo Capital purchased a new position in Amazon.com in the fourth quarter valued at about $1,896,000. Polar Capital LLP raised its position in Amazon.com by 1.7% in the third quarter. Polar Capital LLP now owns 128,949 shares of the e-commerce giant’s stock valued at $406,026,000 after purchasing an additional 2,199 shares during the period. Castle Rock Wealth Management LLC raised its position in Amazon.com by 15.5% in the third quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock valued at $4,704,000 after purchasing an additional 198 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Amazon.com by 19.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 24,618 shares of the e-commerce giant’s stock worth $77,437,000 after acquiring an additional 4,048 shares during the last quarter. 56.39% of the stock is currently owned by institutional investors.
Shares of NASDAQ:AMZN opened at $3,372.20 on Monday. Amazon.com, Inc. has a 12 month low of $2,038.00 and a 12 month high of $3,552.25. The stock has a market cap of $1.70 trillion, a price-to-earnings ratio of 98.75, a PEG ratio of 2.37 and a beta of 1.19. The stock’s 50 day moving average price is $3,112.52 and its 200 day moving average price is $3,177.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $7.05 by $7.04. The company had revenue of $125.56 billion for the quarter, compared to analysts’ expectations of $119.73 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm’s revenue was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.47 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 34.59 EPS for the current year.
In other Amazon.com news, CEO David H. Clark sold 1,019 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the transaction, the chief executive officer now owns 1,452 shares of the company’s stock, valued at $4,730,441.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Mcgrath sold 340 shares of the company’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the transaction, the director now directly owns 1,984 shares in the company, valued at approximately $6,603,446.40. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on AMZN. Canaccord Genuity lifted their target price on Amazon.com from $3,800.00 to $4,100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. They noted that the move was a valuation call. Pivotal Research lifted their target price on Amazon.com from $4,500.00 to $4,650.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Wedbush reaffirmed an “outperform” rating and set a $4,000.00 target price (up from $3,900.00) on shares of Amazon.com in a research report on Wednesday, February 3rd. Susquehanna lifted their target price on Amazon.com from $4,000.00 to $5,200.00 and gave the stock a “positive” rating in a research report on Wednesday, February 3rd. Finally, KeyCorp boosted their price objective on Amazon.com from $3,500.00 to $3,700.00 and gave the company an “overweight” rating in a report on Wednesday, February 3rd. Two investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $3,930.67.
Amazon.com Company Profile
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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