Rhumbline Advisers Acquires 16,245 Shares of Amazon.com, Inc. (AMZN)
Rhumbline Advisers increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 683,581 shares of the e-commerce giant’s stock after acquiring an additional 16,245 shares during the period. Amazon.com comprises approximately 2.3% of Rhumbline Advisers’ holdings, making the stock its 3rd largest holding. Rhumbline Advisers owned approximately 0.14% of Amazon.com worth $1,161,951,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. HC Financial Advisors Inc. bought a new position in shares of Amazon.com during the fourth quarter worth $315,000. AdvisorNet Financial Inc boosted its position in shares of Amazon.com by 1.0% during the first quarter. AdvisorNet Financial Inc now owns 5,481 shares of the e-commerce giant’s stock worth $7,933,000 after acquiring an additional 54 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of Amazon.com by 60.2% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 133 shares of the e-commerce giant’s stock worth $192,000 after acquiring an additional 50 shares during the last quarter. Harwood Advisory Group LLC raised its stake in Amazon.com by 7.8% during the first quarter. Harwood Advisory Group LLC now owns 2,602 shares of the e-commerce giant’s stock valued at $3,763,000 after purchasing an additional 189 shares in the last quarter. Finally, Motco raised its stake in Amazon.com by 307.7% during the first quarter. Motco now owns 318 shares of the e-commerce giant’s stock valued at $460,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 56.12% of the company’s stock.
A number of equities research analysts recently issued reports on AMZN shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,525.00 price target on shares of Amazon.com in a research note on Friday, October 12th. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, November 8th. BidaskClub downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, SunTrust Banks upped their price target on shares of Amazon.com to $2,250.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Three research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $2,085.14.
AMZN stock opened at $1,512.29 on Tuesday. The stock has a market capitalization of $779.13 billion, a P/E ratio of 332.37, a P/E/G ratio of 3.05 and a beta of 1.70. Amazon.com, Inc. has a 12 month low of $1,122.55 and a 12 month high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. On average, equities research analysts expect that Amazon.com, Inc. will post 19.37 EPS for the current fiscal year.
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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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