Boothbay Fund Management LLC Acquires 2,249 Shares of Amazon.com, Inc. (AMZN)
Boothbay Fund Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,398 shares of the e-commerce giant’s stock after purchasing an additional 2,249 shares during the period. Amazon.com makes up about 1.7% of Boothbay Fund Management LLC’s investment portfolio, making the stock its 5th largest holding. Boothbay Fund Management LLC’s holdings in Amazon.com were worth $9,996,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. CI Investments Inc. boosted its stake in shares of Amazon.com by 0.7% in the 3rd quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after buying an additional 400 shares during the last quarter. Perpetual Ltd purchased a new position in shares of Amazon.com in the 2nd quarter worth $25,356,000. R. G. Niederhoffer Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth $871,000. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of Amazon.com by 13.7% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 904 shares of the e-commerce giant’s stock worth $869,000 after buying an additional 109 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Amazon.com in the 2nd quarter worth $1,984,000. Institutional investors and hedge funds own 59.31% of the company’s stock.
AMZN has been the topic of a number of research reports. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Loop Capital set a $1,300.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Monday, November 13th. KeyCorp restated a “hold” rating on shares of Amazon.com in a research note on Wednesday, November 15th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Sunday, November 19th. Four analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have issued a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $1,460.91.
Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,500.25 on Friday. The firm has a market capitalization of $729,590.00, a PE ratio of 327.57, a PEG ratio of 6.65 and a beta of 1.54. 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, Inc. has a 12-month low of $833.50 and a 12-month high of $1,528.70.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 earnings per share. sell-side analysts forecast 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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