Amazon.com, Inc. (AMZN) Position Lifted by Investment House LLC
Investment House LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,105 shares of the e-commerce giant’s stock after purchasing an additional 61 shares during the period. Amazon.com accounts for about 3.2% of Investment House LLC’s investment portfolio, making the stock its 5th biggest holding. Investment House LLC’s holdings in Amazon.com were worth $27,375,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Summit Trail Advisors LLC lifted its position in shares of Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after buying an additional 9,842,959 shares during the last quarter. Mackay Shields LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $248,912,000. Natixis lifted its holdings in Amazon.com by 296.9% during the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock worth $287,629,000 after purchasing an additional 148,654 shares during the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new stake in Amazon.com during the 4th quarter worth approximately $172,579,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Amazon.com by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock worth $1,697,157,000 after purchasing an additional 111,563 shares during the last quarter. 57.41% of the stock is owned by institutional investors.
Several research firms recently weighed in on AMZN. Nomura reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity lifted their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Barclays reissued a “buy” rating on shares of Amazon.com in a report on Monday. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, July 11th. Finally, Macquarie reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. One analyst has rated the stock with a hold rating and fifty-one have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average price target of $1,976.73.
Shares of AMZN opened at $1,970.19 on Monday. Amazon.com, Inc. has a 52-week low of $931.75 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. The firm has a market capitalization of $970.60 billion, a PE ratio of 433.01, a price-to-earnings-growth ratio of 4.15 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same quarter last year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. equities research analysts expect that Amazon.com, Inc. will post 17.77 earnings per share for the current year.
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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