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.
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.
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.
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