Partnervest Advisory Services LLC Acquires 98 Shares of Amazon.com, Inc. (AMZN)
Partnervest Advisory Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 647 shares of the e-commerce giant’s stock after acquiring an additional 98 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Amazon.com were worth $622,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Whitnell & Co. grew its position in shares of Amazon.com by 581.3% in the 3rd 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 period. Vestor Capital LLC grew its position in shares of Amazon.com by 10.1% in the 2nd 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 period. Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com in the 2nd quarter valued at about $121,000. Archford Capital Strategies LLC grew its position in shares of Amazon.com by 17,242.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after acquiring an additional 29,829 shares during the period. Finally, Lee Financial Co grew its position in shares of Amazon.com by 285.7% in the 3rd 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 period. Hedge funds and other institutional investors own 59.31% of the company’s stock.
A number of research analysts have recently commented on AMZN shares. Atlantic Securities reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $1,385.00 price objective (up previously from $1,375.00) on shares of Amazon.com in a research report on Wednesday, January 10th. DA Davidson lifted their target price on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. BMO Capital Markets lifted their target price on shares of Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Finally, Barclays reaffirmed an “overweight” rating and set a $1,580.00 target price on shares of Amazon.com in a report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,446.52.
Amazon.com, Inc. (AMZN) opened at $1,482.92 on Thursday. The stock has a market cap of $710,838.81, a P/E ratio of 241.13, a P/E/G ratio of 6.46 and a beta of 1.63. Amazon.com, Inc. has a 12-month low of $833.50 and a 12-month high of $1,503.49. The company has a current ratio of 1.04, a quick ratio of 0.76 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. analysts anticipate that Amazon.com, Inc. will post 8.49 earnings per share 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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