Gamble Jones Investment Counsel lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 289,085 shares of the e-commerce giant’s stock after selling 8,403 shares during the quarter. Amazon.com comprises about 1.8% of Gamble Jones Investment Counsel’s investment portfolio, making the stock its 7th biggest holding. Gamble Jones Investment Counsel’s holdings in Amazon.com were worth $24,283,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Dohj LLC grew its position in Amazon.com by 1.8% in the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 451 shares during the last quarter. Bassett Hargrove Investment Counsel LLC acquired a new position in Amazon.com in the third quarter worth approximately $2,120,000. Veritas Asset Management LLP grew its position in Amazon.com by 19.6% in the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after buying an additional 1,286,797 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp grew its position in Amazon.com by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after buying an additional 3,840 shares during the last quarter. Finally, Sarasin & Partners LLP grew its position in Amazon.com by 0.7% in the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after buying an additional 17,993 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on AMZN shares. Oppenheimer decreased their price target on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. Wells Fargo & Company decreased their price objective on shares of Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Evercore ISI decreased their price objective on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Wedbush raised their price objective on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.12.
Insider Transactions at Amazon.com
Amazon.com Stock Performance
Shares of AMZN opened at $116.25 on Monday. The company has a market capitalization of $1.19 trillion, a PE ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The company’s fifty day moving average price is $103.63 and its 200 day moving average price is $97.07.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter last year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 1.57 earnings per share for the current year.
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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