Flagship Harbor Advisors LLC Acquires 683 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Flagship Harbor Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,980 shares of the e-commerce giant’s stock after buying an additional 683 shares during the period. Amazon.com makes up 1.4% of Flagship Harbor Advisors LLC’s holdings, making the stock its 5th largest position. Flagship Harbor Advisors LLC’s holdings in Amazon.com were worth $3,624,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bridgeworth LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $390,000. Cigna Investments Inc. New purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $11,707,000. Stockbridge Partners LLC raised its position in shares of Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock worth $89,895,000 after buying an additional 62,312 shares during the last quarter. Hengehold Capital Management LLC raised its position in shares of Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares during the last quarter. Finally, Boston Advisors LLC raised its position in shares of Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after buying an additional 10,014 shares during the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.16% during trading on Friday, hitting $967.99. 3,468,017 shares of the company traded hands. The company’s 50 day moving average is $998.12 and its 200-day moving average is $926.08. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The stock has a market capitalization of $465.00 billion, a PE ratio of 246.18 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the company earned $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current year.
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A number of research firms have recently weighed in on AMZN. Instinet cut their price target on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Friday, June 16th. Loop Capital reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price target on the stock. in a research note on Tuesday, July 18th. Cantor Fitzgerald reissued a “buy” rating and issued a $970.00 price target on shares of Amazon.com in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,065.61.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,873,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,890 shares of company stock worth $10,800,023. Company insiders own 17.70% of the company’s stock.
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.
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