Amazon.com Inc. (AMZN) Position Decreased by Dorsey Wright & Associates
Dorsey Wright & Associates cut its position in shares of Amazon.com Inc. (NASDAQ:AMZN) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,031 shares of the e-commerce giant’s stock after selling 21 shares during the period. Amazon.com accounts for approximately 1.2% of Dorsey Wright & Associates’ portfolio, making the stock its 26th largest position. Dorsey Wright & Associates’ holdings in Amazon.com were worth $2,538,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Origin Asset Management LLP raised its position in shares of Amazon.com by 21.8% in the first quarter. Origin Asset Management LLP now owns 12,787 shares of the e-commerce giant’s stock valued at $7,591,000 after buying an additional 2,287 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Amazon.com by 7.8% in the second quarter. Integrated Investment Consultants LLC now owns 333 shares of the e-commerce giant’s stock valued at $238,000 after buying an additional 24 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in shares of Amazon.com by 14.2% in the second quarter. Stock Yards Bank & Trust Co. now owns 10,260 shares of the e-commerce giant’s stock valued at $7,343,000 after buying an additional 1,272 shares during the last quarter. Finally, Cullinan Associates Inc. raised its position in shares of Amazon.com by 8.3% in the second quarter. Cullinan Associates Inc. now owns 1,300 shares of the e-commerce giant’s stock valued at $930,000 after buying an additional 100 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.55% during trading on Tuesday, reaching $762.52. 3,272,344 shares of the company traded hands. The stock has a market capitalization of $362.32 billion, a PE ratio of 174.69 and a beta of 1.51. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21. The company has a 50-day moving average of $789.54 and a 200-day moving average of $761.26.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The company earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Amazon.com’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts forecast that Amazon.com Inc. will post $4.78 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on the company. Wedbush set a $900.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Sunday, October 30th. Piper Jaffray Cos. reissued an “overweight” rating and set a $900.00 price target on shares of Amazon.com in a report on Tuesday. SunTrust Banks Inc. reissued a “hold” rating on shares of Amazon.com in a report on Tuesday. Argus reissued a “hold” rating on shares of Amazon.com in a report on Monday, August 1st. Finally, Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price target on the stock in a report on Tuesday, August 2nd. Six analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $911.75.
In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 17.70% of the stock is currently owned by company insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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