Lowe Brockenbrough & Co. Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the first quarter, Holdings Channel reports. The institutional investor owned 8,760 shares of the e-commerce giant’s stock after selling 162 shares during the quarter. Amazon.com comprises approximately 2.1% of Lowe Brockenbrough & Co. Inc.’s holdings, making the stock its 5th largest position. Lowe Brockenbrough & Co. Inc.’s holdings in Amazon.com were worth $28,557,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. Gibson Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $33,000. Leverty Financial Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $36,000. MBM Wealth Consultants LLC boosted its position in shares of Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares during the period. Finally, William Allan LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 72.51% of the company’s stock.
Insider Buying and Selling
In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares of the company’s stock, valued at $209,870,622. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,803 shares of company stock valued at $10,528,337. Corporate insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
AMZN has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of Amazon.com from $194.00 to $175.00 in a research report on Friday, April 29th. Mizuho lowered their price objective on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. They noted that the move was a valuation call. Credit Suisse Group lowered their price objective on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. UBS Group increased their price objective on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, TheStreet cut shares of Amazon.com from a “b” rating to a “c+” rating in a research report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.99.
Amazon.com Stock Up 2.1 %
AMZN stock opened at $143.55 on Friday. The company has a market cap of $1.46 trillion, a P/E ratio of 128.69, a P/E/G ratio of 6.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The company’s 50-day moving average price is $118.65 and its 200 day moving average price is $134.24. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, research analysts expect that Amazon.com, Inc. will post 0.97 earnings per share for the current fiscal year.
Amazon.com Profile
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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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