Horan Capital Advisors LLC. Increases Position in Amazon.com, Inc. (AMZN)
Horan Capital Advisors LLC. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 403 shares of the e-commerce giant’s stock after purchasing an additional 75 shares during the period. Horan Capital Advisors LLC.’s holdings in Amazon.com were worth $387,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Vestor Capital LLC increased its position in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Whitnell & Co. increased its position in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Amazon.com during the second quarter valued at $121,000. Lee Financial Co increased its position in Amazon.com by 285.7% during the third quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock valued at $130,000 after acquiring an additional 100 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new position in Amazon.com during the third quarter valued at $131,000. Institutional investors own 59.49% of the company’s stock.
AMZN has been the topic of a number of analyst reports. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, January 24th. Monness Crespi & Hardt upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a research report on Friday, October 27th. Citigroup reiterated a “buy” rating and set a $1,400.00 price objective (up previously from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 price objective on the stock in a research report on Tuesday, January 30th. Finally, Jefferies Group boosted their price objective on shares of Amazon.com from $1,450.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, forty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,436.97.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,339.60 on Friday. Amazon.com, Inc. has a one year low of $819.71 and a one year high of $1,498.00. The firm has a market cap of $653,786.81, a PE ratio of 217.82, a P/E/G ratio of 5.94 and a beta of 1.63. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. analysts anticipate that Amazon.com, Inc. will post 8.49 EPS for the current year.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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