Amazon.com, Inc. (AMZN) Stake Boosted by Moors & Cabot Inc.
Moors & Cabot Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,622 shares of the e-commerce giant’s stock after purchasing an additional 860 shares during the quarter. Amazon.com accounts for 1.1% of Moors & Cabot Inc.’s portfolio, making the stock its 14th largest position. Moors & Cabot Inc.’s holdings in Amazon.com were worth $8,137,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com during the fourth quarter worth $108,000. Santori & Peters Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $121,000. Lee Financial Co raised its holdings in shares of Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com during the first quarter worth $145,000. Finally, University of Texas Investment Managment Co. acquired a new stake in shares of Amazon.com during the fourth quarter worth $164,000. 57.38% of the stock is currently owned by institutional investors.
AMZN has been the topic of several recent research reports. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 14th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, May 18th. MKM Partners lifted their price target on shares of Amazon.com to $1,840.00 and gave the company a “buy” rating in a research note on Tuesday, May 29th. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $2,000.00 price target (up from $1,900.00) on shares of Amazon.com in a research note on Monday, June 4th. Two equities research analysts have rated the stock with a hold rating and fifty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,963.87.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. Amazon.com’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. research analysts expect that Amazon.com, Inc. will post 17.69 EPS for the current fiscal year.
In related news, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at approximately $19,179,525.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Insiders have sold a total of 23,308 shares of company stock valued at $43,942,058 in the last ninety days. 16.30% of the stock is currently owned by insiders.
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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