Altfest L J & Co. Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,766 shares of the e-commerce giant’s stock after buying an additional 40 shares during the period. Amazon.com makes up approximately 1.8% of Altfest L J & Co. Inc.’s holdings, making the stock its 12th largest holding. Altfest L J & Co. Inc.’s holdings in Amazon.com were worth $4,702,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HC Financial Advisors Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $315,000. Rovida Advisors Inc. grew its holdings in Amazon.com by 34.9% in the first quarter. Rovida Advisors Inc. now owns 80,087 shares of the e-commerce giant’s stock valued at $115,646,000 after purchasing an additional 20,705 shares during the period. Tredje AP fonden grew its holdings in Amazon.com by 3.3% in the first quarter. Tredje AP fonden now owns 30,511 shares of the e-commerce giant’s stock valued at $44,160,000 after purchasing an additional 970 shares during the period. AT Bancorp purchased a new stake in Amazon.com in the first quarter valued at approximately $204,000. Finally, KCM Investment Advisors LLC lifted its position in Amazon.com by 4.9% during the first quarter. KCM Investment Advisors LLC now owns 9,523 shares of the e-commerce giant’s stock valued at $13,783,000 after buying an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.
AMZN has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report 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 report on Friday, October 12th. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, November 8th. SunTrust Banks boosted their target price on shares of Amazon.com to $2,250.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Finally, BidaskClub cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Three research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,085.14.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities research analysts predict that Amazon.com, Inc. will post 19.49 EPS for the current year.
In other news, insider Jeffrey M. Blackburn sold 4,108 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $1,952.10, for a total transaction of $8,019,226.80. Following the completion of the transaction, the insider now owns 42,874 shares in the company, valued at $83,694,335.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The disclosure for this sale can be found here. Insiders have sold 31,950 shares of company stock valued at $54,540,968 in the last 90 days. Insiders own 16.30% of the company’s stock.
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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