IFG Advisory LLC Invests $1.86 Million in Amazon.com, Inc. (AMZN)
IFG Advisory LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,425 shares of the e-commerce giant’s stock, valued at approximately $1,859,000.
Several other institutional investors have also added to or reduced their stakes in the company. Northeast Investment Management grew its stake in Amazon.com by 1.5% in the 4th quarter. Northeast Investment Management now owns 35,838 shares of the e-commerce giant’s stock valued at $41,911,000 after buying an additional 515 shares during the last quarter. Twin Capital Management Inc. grew its stake in Amazon.com by 6.5% in the 4th quarter. Twin Capital Management Inc. now owns 24,740 shares of the e-commerce giant’s stock valued at $28,933,000 after buying an additional 1,500 shares during the last quarter. Fiduciary Trust Co. grew its stake in Amazon.com by 3.4% in the 4th quarter. Fiduciary Trust Co. now owns 32,513 shares of the e-commerce giant’s stock valued at $38,023,000 after buying an additional 1,071 shares during the last quarter. Financial Advisory Service Inc. grew its stake in Amazon.com by 10.4% in the 4th quarter. Financial Advisory Service Inc. now owns 688 shares of the e-commerce giant’s stock valued at $805,000 after buying an additional 65 shares during the last quarter. Finally, BTIM Corp. grew its stake in Amazon.com by 4.1% in the 4th quarter. BTIM Corp. now owns 929 shares of the e-commerce giant’s stock valued at $1,086,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the director now directly owns 14,159 shares of the company’s stock, valued at $21,238,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,214 shares of company stock valued at $9,251,120. Insiders own 17.00% of the company’s stock.
Shares of AMZN stock opened at $1,441.50 on Tuesday. Amazon.com, Inc. has a 12-month low of $887.50 and a 12-month high of $1,617.54. The stock has a market cap of $692,655.75, a P/E ratio of 316.81, a PEG ratio of 6.28 and a beta of 1.59. 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 announced its earnings results 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 the consensus estimate of $59.85 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was up 38.2% on a year-over-year basis. equities research analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
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Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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