Amazon.com, Inc. (AMZN) Stake Boosted by Green Square Capital LLC
Green Square Capital LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 152.4% during the first quarter, Holdings Channel reports. The fund owned 2,534 shares of the e-commerce giant’s stock after buying an additional 1,530 shares during the period. Green Square Capital LLC’s holdings in Amazon.com were worth $2,246,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bridgeworth LLC acquired a new position in Amazon.com during the fourth quarter valued at $390,000. Stockbridge Partners LLC increased its position in Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock valued at $89,895,000 after buying an additional 62,312 shares during the last quarter. Hengehold Capital Management LLC increased its position in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares during the last quarter. Boston Advisors LLC increased its position in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares during the last quarter. Finally, ARS Investment Partners LLC increased its position in Amazon.com by 4.1% in the fourth quarter. ARS Investment Partners LLC now owns 20,648 shares of the e-commerce giant’s stock valued at $15,483,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
Amazon.com, Inc. (AMZN) traded up 1.675% during trading on Monday, reaching $984.205. The company’s stock had a trading volume of 1,104,514 shares. The company has a market capitalization of $472.79 billion, a PE ratio of 250.306 and a beta of 1.48. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a 50 day moving average price of $998.12 and a 200-day moving average price of $926.08.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post $3.83 earnings per share for the current year.
AMZN has been the subject of several recent analyst reports. Instinet dropped their price target on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Friday, June 16th. Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price for the company. in a research report on Tuesday, July 18th. Cantor Fitzgerald reiterated a “buy” rating and set a $970.00 target price on shares of Amazon.com in a research report on Friday, April 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,065.61.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,873,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total value of $3,878,920.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. Insiders have sold 10,890 shares of company stock valued at $10,800,023 in the last three months. 17.70% of the stock is currently owned by company 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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