Amazon.com, Inc. (AMZN) Holdings Raised by Boys Arnold & Co. Inc.
Boys Arnold & Co. Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 917 shares of the e-commerce giant’s stock after acquiring an additional 34 shares during the period. Boys Arnold & Co. Inc.’s holdings in Amazon.com were worth $888,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Sfmg LLC grew its holdings in Amazon.com by 6.3% in the 2nd quarter. Sfmg LLC now owns 1,053 shares of the e-commerce giant’s stock worth $1,019,000 after acquiring an additional 62 shares during the last quarter. Proffitt & Goodson Inc. grew its holdings in Amazon.com by 21.9% in the 2nd quarter. Proffitt & Goodson Inc. now owns 1,330 shares of the e-commerce giant’s stock worth $1,287,000 after acquiring an additional 239 shares during the last quarter. American Asset Management Inc. grew its holdings in Amazon.com by 0.8% in the 2nd quarter. American Asset Management Inc. now owns 596 shares of the e-commerce giant’s stock worth $577,000 after acquiring an additional 5 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in shares of Amazon.com by 26.6% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 490 shares of the e-commerce giant’s stock valued at $474,000 after purchasing an additional 103 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Amazon.com by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,345 shares of the e-commerce giant’s stock valued at $6,267,000 after purchasing an additional 85 shares in the last quarter. 59.83% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc. (NASDAQ AMZN) opened at $1,126.31 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The firm has a market cap of $542,740.00, a P/E ratio of 286.77, a PEG ratio of 14.16 and a beta of 1.45. Amazon.com, Inc. has a 1-year low of $736.70 and a 1-year high of $1,139.90.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period last year, the firm earned $0.52 earnings per share. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $1,300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, November 13th. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Citigroup Inc. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Sunday. Nomura reaffirmed a “buy” rating and set a $1,360.00 target price on shares of Amazon.com in a research note on Monday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research note on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average price target of $1,160.04.
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In related news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 1,860 shares of Amazon.com stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the sale, the director now directly owns 18,460 shares in the company, valued at approximately $20,475,832. The disclosure for this sale can be found here. Insiders sold a total of 397,833 shares of company stock worth $439,137,961 in the last three months. 17.00% of the stock is owned by corporate insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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