Coastal Bridge Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,745 shares of the e-commerce giant’s stock after selling 3,023 shares during the period. Coastal Bridge Advisors LLC’s holdings in Amazon.com were worth $1,743,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Kavar Capital Partners Group LLC raised its position in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. raised its holdings in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its holdings in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have commented on the company. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Credit Suisse Group decreased their price target on Amazon.com from $150.00 to $140.00 in a report on Tuesday, April 25th. Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. UBS Group raised their target price on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Finally, Benchmark lifted their target price on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.
Insiders Place Their Bets
Amazon.com Trading Down 1.5 %
Shares of AMZN opened at $115.00 on Friday. The stock’s fifty day simple moving average is $105.19 and its 200 day simple moving average is $97.67. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.18 trillion, a P/E ratio of 273.81, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same period last year, the business posted $0.21 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current 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 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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