Aurora Investment Managers LLC. bought a new stake in Amazon.com, Inc. (NASDAQ: AMZN) in the first quarter, reports HoldingsChannel.com. The fund bought 97 shares of the e-commerce giant’s stock worth approximately $ 316,000.
Other hedge funds have also recently bought and sold shares in the company. State Street Corp. increased its stake in Amazon.com by 4.3% in the fourth quarter. State Street Corp. already owns 17,021,616 shares of the e-commerce giant worth $ 56,755,855,000 after buying an additional 698,970 shares in the last quarter. Geode Capital Management LLC increased its stake in Amazon.com by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant worth $ 23,917,115,000 after buying an additional 195,716 shares in the last quarter. Capital Research Global Investors increased its stake in Amazon.com shares by 14.1% in the 4th quarter. Capital Research Global Investors already owns 4,574,546 shares of the e-commerce giant worth $ 15,253,179,000 after buying an additional 564,699 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter worth approximately $ 14,053,756,000. Finally, Castleview Partners LLC bought a new position in shares of Amazon.com in the 4th quarter worth approximately $ 1,143,000. Institutional investors own 72.51% of the company’s shares.
A number of research analysts have recently assessed AMZN’s shares. Loop Capital lowered its target for Amazon.com’s stock price from $ 187.50 to $ 141.25 and set a buy rating for the company in a research note on Friday (May 27th). Royal Bank of Canada lowered its target price for shares of Amazon.com from $ 194.00 to $ 175.00 in a research note on Friday, April 29. Canaccord Genuity Group lowered its target price for shares of Amazon.com from $ 210.00 to $ 187.50 in a research note on Friday, April 29. DA Davidson lowered its target price for shares of Amazon.com from $ 195.00 to $ 156.25 in a research note on Friday, April 29. Finally, Raymond James lowered his target price on Amazon.com from $ 197.50 to $ 165.00 in a research note on Friday, April 29. Three stock research analysts rated the shares with a sell rating, one issued a hold rating, and thirty-seven gave the company a buy rating. Based on data from MarketBeat.com, the shares currently have an average rating of “Moderate buying” and a consensus target of $ 187.07.
In other Amazon.com news, CEO Adam Selipski sold 34 shares of the company in a deal on Wednesday (March 30th). The shares were sold at an average price of $ 3,370.19, for a total value of $ 114,586.46. The transaction is disclosed in legal documents in the Securities and Exchange Commission, which is available through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the company’s shares in a deal on Monday, May 23. The shares were sold at an average price of $ 2,169.22, for a total transaction of $ 4,924,129.40. Following the transaction, the CEO now owns 6,695 shares of the company’s stock worth approximately $ 14,522,927.90. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 4,837 shares of the company’s stock worth $ 10,642,923. Insiders own 12.70% of the company’s shares.
Shares of Amazon.com opened at $ 116.46 on Friday. The company has a market capitalization of $ 1.18 trillion, a PE ratio of 56.22, a price-earnings-growth ratio of 3.33 and a beta ratio of 1.23. The company’s 50-day simple moving average is $ 119.35, and its 200-day simple moving average is $ 144.59. The company has a debt-to-equity ratio of 0.35, a fast ratio of 0.71 and a current ratio of 0.96. Amazon.com, Inc. has a one-year low of $ 101.26 and a 1-year high of $ 188.65.
Amazon.com (NASDAQ: AMZN – Get Rating) last released its earnings results on Thursday, April 28th. The e-commerce giant reported $ 0.21 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $ 0.44 ($ 0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company had revenue of $ 116.44 billion in the quarter, compared to analysts’ estimates of $ 116.52 billion. In the same quarter last year, the company reported $ 0.79 EPS. Business revenues for the quarter increased by 7.3% compared to the same quarter last year. On average, stock analysts predict that Amazon.com, Inc. will report 1.22 earnings per share for the current year.
Amazon.com profile (Get a rating)
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 goods and content purchased for resale from third-party vendors through physical and online stores.
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