Baldwin Investment Management LLC Has $2.27 Million Stake in Amazon.com, Inc. (AMZN)
Baldwin Investment Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,345 shares of the e-commerce giant’s stock after selling 185 shares during the period. Amazon.com comprises about 0.9% of Baldwin Investment Management LLC’s holdings, making the stock its 7th largest holding. Baldwin Investment Management LLC’s holdings in Amazon.com were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Clear Investment Research LLC raised its position in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after acquiring an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its position in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $116,000. Lipe & Dalton bought a new position in shares of Amazon.com in the 1st quarter worth approximately $124,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after acquiring an additional 112 shares in the last quarter. 59.83% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on AMZN shares. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Citigroup Inc. restated a “buy” rating and issued a $1,200.00 price target (down previously from $1,220.00) on shares of Amazon.com in a research note on Sunday, July 30th. UBS AG restated a “buy” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Sunday, July 30th. Instinet restated a “buy” rating and issued a $1,100.00 price target on shares of Amazon.com in a research note on Sunday, July 30th. Finally, Barclays PLC restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,161.15.
Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,186.00 on Monday. The company has a market cap of $571,500.19, a P/E ratio of 301.02, a P/E/G ratio of 14.86 and a beta of 1.45. Amazon.com, Inc. has a 12 month low of $736.70 and a 12 month high of $1,186.84. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
In other news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 398,703 shares of company stock worth $440,138,461. Insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
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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