Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,454 shares of the e-commerce giant’s stock after purchasing an additional 118 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Amazon.com were worth $277,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Bridgefront Capital LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $228,000. Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $191,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AMZN has been the subject of a number of research analyst reports. Cowen lowered their price target on Amazon.com from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 11th. Atlantic Securities reduced their price objective on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Sanford C. Bernstein reduced their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. The Goldman Sachs Group reduced their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Finally, Citigroup reduced their price objective on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $145.87.
Insider Buying and Selling at Amazon.com
Amazon.com Stock Up 3.8 %
NASDAQ:AMZN opened at $97.25 on Friday. The firm has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $90.72 and its 200 day moving average price is $110.28.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.
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