Beech Hill Advisors Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,825 shares of the e-commerce giant’s stock after selling 65 shares during the quarter. Amazon.com accounts for 3.4% of Beech Hill Advisors Inc.’s holdings, making the stock its 4th largest holding. Beech Hill Advisors Inc.’s holdings in Amazon.com were worth $6,812,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Portfolio Solutions LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth $119,000. Endurance Wealth Management Inc. lifted its holdings in shares of Amazon.com by 90.9% in the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after buying an additional 50 shares during the period. Oak Point Wealth Management purchased a new stake in shares of Amazon.com in the 4th quarter worth $125,000. Whitnell & Co. lifted its holdings in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the period. Finally, Vestor Capital LLC raised its position in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.
AMZN has been the subject of several recent research reports. Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price target for the company. in a research report on Monday, January 29th. BidaskClub lowered Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Friday. Goldman Sachs reissued a “conviction-buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. UBS boosted their price target on Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Finally, Citigroup reissued a “buy” rating and issued a $1,400.00 price target (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Four analysts have rated the stock with a hold rating, forty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $1,481.38.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The company’s revenue was up 38.2% compared to the same quarter last year. research analysts predict that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 500 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total transaction of $788,925.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $15,778,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. Following the transaction, the vice president now owns 6,533 shares in the company, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. Insiders have sold 6,214 shares of company stock worth $9,251,120 in the last quarter. 17.70% of the stock is currently owned by company 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) 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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