TAP Consulting LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204 shares of the e-commerce giant’s stock after acquiring an additional 5 shares during the period. TAP Consulting LLC’s holdings in Amazon.com were worth $642,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. APG Asset Management N.V. raised its stake in Amazon.com by 4.5% during the 1st quarter. APG Asset Management N.V. now owns 973,388 shares of the e-commerce giant’s stock worth $1,897,834,000 after buying an additional 41,652 shares during the period. AXA increased its holdings in shares of Amazon.com by 6.9% in the first quarter. AXA now owns 228,531 shares of the e-commerce giant’s stock worth $445,572,000 after acquiring an additional 14,788 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Amazon.com by 1.0% during the first quarter. Bahl & Gaynor Inc. now owns 1,155 shares of the e-commerce giant’s stock worth $2,252,000 after purchasing an additional 12 shares during the period. Optimal Asset Management Inc. lifted its holdings in shares of Amazon.com by 99.0% during the 1st quarter. Optimal Asset Management Inc. now owns 800 shares of the e-commerce giant’s stock valued at $1,560,000 after purchasing an additional 398 shares in the last quarter. Finally, Modus Advisors LLC grew its position in shares of Amazon.com by 2.1% in the 2nd quarter. Modus Advisors LLC now owns 1,044 shares of the e-commerce giant’s stock valued at $2,880,000 after purchasing an additional 21 shares during the period. 57.32% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ AMZN opened at $3,204.40 on Friday. The firm’s 50 day simple moving average is $3,177.91 and its 200 day simple moving average is $2,848.15. The firm has a market capitalization of $1,595.30 billion, a price-to-earnings ratio of 123.20, a P/E/G ratio of 3.34 and a beta of 1.35. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, beating the consensus estimate of $1.74 by $8.56. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. On average, equities research analysts forecast that Amazon.com, Inc. will post 31.65 earnings per share for the current year.
Several analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Monday, October 12th. BidaskClub cut Amazon.com from a “hold” rating to a “sell” rating in a report on Friday. Societe Generale boosted their price target on Amazon.com from $2,730.00 to $3,660.00 and gave the company a “buy” rating in a report on Friday, October 2nd. JMP Securities increased their price objective on Amazon.com from $2,850.00 to $4,075.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, BMO Capital Markets boosted their target price on Amazon.com from $2,850.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $3,440.47.
In other Amazon.com news, CFO Brian T. Olsavsky sold 1,377 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total value of $4,369,386.24. Following the sale, the chief financial officer now owns 2,638 shares in the company, valued at $8,370,690.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 1,238 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $3,928,322.56. Following the sale, the senior vice president now directly owns 5,064 shares in the company, valued at approximately $16,068,679.68. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock worth $324,095,003 over the last ninety days. 16.10% of the stock is currently owned by insiders.
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: SEC Filing
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