Gardiner Nancy B Has $1.70 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Share on StockTwits

Gardiner Nancy B lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 919 shares of the e-commerce giant’s stock after selling 190 shares during the period. Amazon.com comprises 2.7% of Gardiner Nancy B’s holdings, making the stock its 10th largest position. Gardiner Nancy B’s holdings in Amazon.com were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. United Bank boosted its position in shares of Amazon.com by 45.7% during the second quarter. United Bank now owns 940 shares of the e-commerce giant’s stock worth $1,780,000 after purchasing an additional 295 shares in the last quarter. Arjuna Capital raised its stake in Amazon.com by 1.0% during the 2nd quarter. Arjuna Capital now owns 3,180 shares of the e-commerce giant’s stock worth $6,022,000 after buying an additional 33 shares during the period. Cohen & Steers Inc. raised its stake in Amazon.com by 9.6% during the 2nd quarter. Cohen & Steers Inc. now owns 3,439 shares of the e-commerce giant’s stock worth $6,512,000 after buying an additional 302 shares during the period. Institutional & Family Asset Management LLC lifted its holdings in Amazon.com by 4.2% during the second quarter. Institutional & Family Asset Management LLC now owns 822 shares of the e-commerce giant’s stock worth $1,557,000 after acquiring an additional 33 shares in the last quarter. Finally, Algert Global LLC bought a new position in Amazon.com during the second quarter worth about $3,569,000. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

AMZN has been the subject of several recent analyst reports. Pivotal Research restated a “buy” rating and issued a $2,100.00 price target (down from $2,500.00) on shares of Amazon.com in a report on Tuesday, November 26th. Wolfe Research assumed coverage on Amazon.com in a report on Tuesday, October 8th. They set an “outperform” rating and a $2,234.00 price objective on the stock. Raymond James cut their price objective on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Piper Jaffray Companies decreased their price objective on Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Barclays lowered their target price on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have assigned a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average price target of $2,171.64.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 200 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $1,865.34, for a total transaction of $373,068.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,653,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1,750.66, for a total transaction of $663,500.14. Following the sale, the vice president now directly owns 6,307 shares in the company, valued at $11,041,412.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,196 shares of company stock valued at $17,869,618. Corporate insiders own 16.10% of the company’s stock.

Shares of NASDAQ AMZN opened at $1,862.02 on Thursday. The stock has a market capitalization of $926.86 billion, a price-to-earnings ratio of 92.45, a PEG ratio of 2.60 and a beta of 1.50. The business has a 50-day moving average of $1,818.23 and a 200-day moving average of $1,817.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $1,566.76 and a fifty-two week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter in the previous year, the company posted $5.75 EPS. The business’s revenue was up 23.7% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 20.51 EPS for the current year.

About Amazon.com

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.

Featured Story: What does a market perform rating mean?

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).

Institutional Ownership by Quarter for Amazon.com (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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.