Mycio Wealth Partners LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,752 shares of the e-commerce giant’s stock after buying an additional 74 shares during the period. Mycio Wealth Partners LLC’s holdings in Amazon.com were worth $1,684,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Goelzer Investment Management Inc. increased its position in shares of Amazon.com by 48.7% during the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after purchasing an additional 130 shares during the last quarter. Lakeview Capital Partners LLC increased its position in shares of Amazon.com by 19.6% during the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after purchasing an additional 176 shares during the last quarter. R. G. Niederhoffer Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $871,000. IBM Retirement Fund increased its position in shares of Amazon.com by 76.6% during the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock valued at $10,523,000 after purchasing an additional 4,218 shares during the last quarter. Finally, Murphy Capital Management Inc. increased its position in shares of Amazon.com by 1.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock valued at $9,540,000 after purchasing an additional 140 shares during the last quarter. 59.76% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 402,338 shares of company stock worth $444,391,701. Company insiders own 17.70% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. equities analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
A number of equities analysts recently issued reports on AMZN shares. Stifel Nicolaus restated a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Monday, September 11th. Needham & Company LLC restated a “buy” rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald boosted their price objective on Amazon.com to $1,360.00 and gave the company an “overweight” rating in a report on Friday, October 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,237.19.
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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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