Manchester Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,068 shares of the e-commerce giant’s stock after purchasing an additional 29 shares during the quarter. Manchester Capital Management LLC’s holdings in Amazon.com were worth $1,034,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Clear Investment Research LLC raised its stake in 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 purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its stake in 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 purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the 2nd quarter worth about $116,000. Lipe & Dalton acquired a new stake in Amazon.com in the 1st quarter worth about $124,000. Finally, Farmers & Merchants Investments Inc. raised its stake in 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 purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.
Several equities analysts have commented on the stock. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. Vetr raised shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 target price on the stock in a report on Wednesday, November 29th. Wells Fargo & Company reissued a “buy” rating on shares of Amazon.com in a report on Monday. Evercore ISI assumed coverage on shares of Amazon.com in a report on Tuesday. They issued an “outperform” rating on the stock. Finally, SunTrust Banks reissued a “buy” rating and issued a $1,190.00 target price on shares of Amazon.com in a report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,210.68.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,141.57 on Wednesday. Amazon.com, Inc. has a 1-year low of $747.70 and a 1-year high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The firm has a market cap of $546,418.94, a P/E ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The company’s revenue was up 33.7% compared to the same quarter last year. equities analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
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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