Amazon.com, Inc. (NASDAQ:AMZN) is Dfpg Investments LLC’s 6th Largest Position
Dfpg Investments LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,575 shares of the e-commerce giant’s stock after selling 127 shares during the period. Amazon.com makes up about 2.9% of Dfpg Investments LLC’s portfolio, making the stock its 6th biggest holding. Dfpg Investments LLC’s holdings in Amazon.com were worth $4,725,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Danda Trouve Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $28,000. Gantzert Investment Co. LLC ADV purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $28,000. Sofos Investments Inc. raised its stake in Amazon.com by 120.0% in the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after acquiring an additional 66 shares during the last quarter. Deane Retirement Strategies Inc. raised its stake in Amazon.com by 142.9% in the 1st quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock worth $33,000 after acquiring an additional 10 shares during the last quarter. Finally, ERTS Wealth Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.
A number of brokerages recently issued reports on AMZN. JMP Securities raised their target price on Amazon.com from $2,650.00 to $2,850.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Telsey Advisory Group raised their target price on Amazon.com from $2,350.00 to $2,800.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, April 8th. William Blair reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, June 22nd. Finally, Robert W. Baird lifted their price objective on Amazon.com from $2,750.00 to $3,300.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2,770.89.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.36 by ($1.35). The company had revenue of $75.45 billion for the quarter, compared to analyst estimates of $74.15 billion. Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.09 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 20.08 EPS for the current fiscal year.
In other news, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the sale, the director now owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 352 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total transaction of $809,666.88. Following the sale, the senior vice president now directly owns 4,015 shares in the company, valued at approximately $9,235,262.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,497 shares of company stock worth $21,605,827. Corporate insiders own 16.10% 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 third-party sellers through physical stores and online stores.
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