Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by James Investment Research Inc.


James Investment Research Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.0% during the first quarter, Holdings Channel.com reports. The fund owned 2,903 shares of the e-commerce giant’s stock after acquiring an additional 753 shares during the quarter. Amazon.com makes up approximately 1.0% of James Investment Research Inc.’s investment portfolio, making the stock its 29th biggest position. The holdings of James Investment Research Inc. in Amazon.com were worth $9,464,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. Edge Wealth Management LLC raised its position in shares of Amazon.com by 5.5% in the 4th quarter. Edge Wealth Management LLC now owns 1,271 shares of the e-commerce giant’s stock valued at $4,238,000 after purchasing an additional 66 shares during the period. Golden Green Inc. increased its position in shares of Amazon.com by 3.6% during the 4th quarter. Golden Green Inc. now owns 401 shares of the e-commerce giant’s stock valued at $1,337,000 after buying an additional 14 shares during the period. Buttonwood Financial Advisors Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at $1,024,000. TKG Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $1,637,000. Finally, Round Rock Advisors LLC lifted its position in shares of Amazon.com by 71.9% during the 4th quarter. Round Rock Advisors LLC now owns 385 shares of the e-commerce giant’s stock valued at $1,284,000 after buying an additional 161 shares during the period. 72.51% of the shares are owned by institutional investors and hedge funds.

Introducing Amazon.com stock

AMZN opened at $113.55 on Friday. The stock has a market cap of $1.16 trillion, a PE ratio of 54.82, a P/E/G ratio of 3.48 and a beta of 1.25. The company has a current ratio of 0.96, a quick ratio of 0.71, and a debt-to-equity ratio of 0.35. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The stock’s 50-day simple moving average is $111.64, and the 200-day simple moving average is $138.38.

Amazon.com (NASDAQ:AMZN – Get Rating ) last posted its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $116.44 billion for the quarter, compared to the consensus estimate of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The business’s revenue for the quarter was up 7.3% year-over-year. In the same quarter last year, the firm posted earnings of $0.79 per share. Sell-side analysts predict that Amazon.com, Inc. will post 1.17 EPS for the current year.

The Wall Street analyst weighs in

A number of equities analysts recently weighed in on the company. Goldman Sachs Group cut their target price on Amazon.com from $185.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. Evercore ISI reduced their price objective on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Citigroup reduced their price objective on Amazon.com from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday. MKM Partners decreased their price objective on Amazon.com from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Finally, BMO Capital Markets reduced their price objective on Amazon.com from $182.50 to $172.50 in a research report on Friday, April 29th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and thirty-eight have issued a buy rating to the company. The stock currently has an average rating of “Moderate Buy” and an average target price of $183.06, according to MarketBeat.com .

Inside Amazon.com

In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the CEO now owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Brian T. Olsavsky sold 761 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the sale, the chief financial officer now owns 2,375 shares of the company’s stock, valued at approximately $5,151,897.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the chief executive officer now directly owns 92,781 shares in the company, valued at approximately $209,870,622. Disclosure of this sale can be found here. Insiders have sold a total of 4,803 shares of company stock valued at $10,528,337 over the last 90 days. 12.70% of shares are owned by corporate insiders.

Amazon.com account

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Amazon.com, Inc is engaged in the retail sale of consumer products and subscriptions in North America and internationally. The company operates in three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider deals for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating ).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



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