Capital Asset Advisory Services LLC reduced its equity position by Amazon.com, Inc. (NASDAQ: AMZN) by 5.5% in the first quarter, according to the company in its latest 13F filing with the SEC. The company held 2,041 shares of the e-commerce giant after selling 118 shares during the quarter. Amazon.com accounts for about 0.7% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 24th-largest position. Capital Asset Advisory Services LLC’s holdings in Amazon.com were worth $6,654,000 at the end of the most recent reporting period.
A number of other institutional investors have also increased or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com stock in the fourth quarter at a value of about $14,053,756,000. Castleview Partners LLC purchased a new stake in Amazon.com stock in the fourth quarter for a value of approximately $1,143,000. Fairfield Bush & CO. increased its stake in Amazon.com shares by 28,715.3% in the fourth quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant worth $11,353,000 after buying an additional 1,332,102 shares in the last quarter. State Street Corp increased its stake in Amazon.com shares by 4.3% in the fourth quarter. State Street Corp now 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. Finally, Allspring Global Investments Holdings LLC purchased a new equity stake in Amazon.com in the fourth quarter worth approximately $2,059,691,000. 72.51% of the shares are held by institutional investors and hedge funds.
Amazon.com trades up 10.4%
NASDAQ AMZN opened at $134.95 on Friday. The stock’s 50-day simple moving average is $114.13 and its two-hundred-day simple moving average is $135.09. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt ratio of 0.35. The company has a market capitalization of $1.37 trillion, a price/earnings ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25.
Amazon.com (NASDAQ: AMZN – Get a rating) last released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analyst consensus estimates of $0.15 per ($0.35). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company posted revenue of $121.23 billion for the quarter, versus $119.16 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $0.76. The company’s revenue for the quarter increased 7.2% on an annual basis. Research analysts expect Amazon.com, Inc. to post EPS of 1.12 for the current fiscal year.
Wall Street analysts predict growth
Several brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft raised its price target on Amazon.com from $155.00 to $175.00 and gave the stock a “holding” rating in a research note on Friday. Tigress Financial reaffirmed a “buy” rating and posted a target price of $232.00 on Amazon.com shares in a Wednesday, June 29 report. Susquehanna Bancshares reduced its target price on Amazon.com from $250.00 to $190.00 in a Friday, April 29 report. Wolfe Research raised its target price on Amazon.com from $140.00 to $170.00 and gave the company an “outperforming” rating in a report on Friday. Finally, Barclays raised its target price on Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Three analysts gave the stock a sell rating, one gave the company a hold rating and thirty gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.45.
In other news, CEO David H. Clark sold 2,270 shares of the company in a transaction dated Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. As a result of the transaction, the CEO now directly owns 6,695 shares of the company, valued at $14,522,927.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In other news, VP Shelley Reynolds sold 173 shares of the company in a transaction dated Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the transaction, the vice president now directly owns 5,989 shares of the company, valued at $12,991,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, CEO David H. Clark sold 2,270 shares of the company in a trade dated Monday, May 23. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the CEO now directly owns 6,695 shares of the company, valued at $14,522,927.90. Disclosure of this sale can be found here. In the past three months, insiders have sold 4,803 shares of the company valued at $10,528,337. 12.70% of the shares are currently held by insiders.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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