First Allied Advisory Services Inc. Buys 3,050 Shares of Amazon.com, Inc. (AMZN)

First Allied Advisory Services Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,722 shares of the e-commerce giant’s stock after buying an additional 3,050 shares during the period. First Allied Advisory Services Inc.’s holdings in Amazon.com were worth $9,540,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Guild Investment Management Inc. acquired a new position in shares of Amazon.com during the third quarter worth about $205,000. Oregon Public Employees Retirement Fund boosted its position in shares of Amazon.com by 37.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 84,118 shares of the e-commerce giant’s stock worth $70,433,000 after buying an additional 22,942 shares during the last quarter. Kelman Lazarov Inc. boosted its position in shares of Amazon.com by 8.7% in the third quarter. Kelman Lazarov Inc. now owns 489 shares of the e-commerce giant’s stock worth $408,000 after buying an additional 39 shares during the last quarter. Gofen & Glossberg LLC IL boosted its position in shares of Amazon.com by 1.1% in the third quarter. Gofen & Glossberg LLC IL now owns 5,605 shares of the e-commerce giant’s stock worth $4,693,000 after buying an additional 63 shares during the last quarter. Finally, Searle & CO. acquired a new position in shares of Amazon.com during the third quarter worth about $284,000. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.39% on Friday, reaching $898.53. The company had a trading volume of 2,380,786 shares. Amazon.com, Inc. has a 52-week low of $599.20 and a 52-week high of $923.72. The firm has a market capitalization of $428.75 billion, a price-to-earnings ratio of 183.37 and a beta of 1.40. The company’s 50-day moving average price is $871.22 and its 200-day moving average price is $817.02.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.19. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. Amazon.com’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. On average, analysts predict that Amazon.com, Inc. will post $7.24 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “First Allied Advisory Services Inc. Buys 3,050 Shares of Amazon.com, Inc. (AMZN)” was originally published by BBNS and is the sole property of of BBNS. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://baseballnewssource.com/markets/amazon-com-inc-amzn-shares-bought-by-first-allied-advisory-services-inc-updated-updated/525717.html.

A number of equities analysts have issued reports on the stock. Wolfe Research cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Thursday. Maxim Group reiterated a “buy” rating and set a $1,000.00 price target (up from $940.00) on shares of Amazon.com in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Wednesday. Loop Capital reiterated a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a report on Wednesday. Finally, Macquarie reiterated a “buy” rating and set a $995.00 price target on shares of Amazon.com in a report on Tuesday. Five research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $961.29.

In related news, insider David Zapolsky sold 503 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $427,550.00. Following the sale, the insider now directly owns 2,523 shares in the company, valued at $2,144,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 590 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the sale, the director now owns 22,525 shares in the company, valued at $19,146,250. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

5 Day Chart for NASDAQ:AMZN

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with our FREE daily email newsletter.

 

Latest News

Julio Urias Returning to Dodgers Thursday
Julio Urias Returning to Dodgers Thursday
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power


Leave a Reply

 
© 2006-2017 BBNS.