Financial services

Amazon.com, Inc. (NASDAQ: AMZN) is the 3rd largest position of Stiles Financial Services Inc.


Stiles Financial Services Inc. increased its stake in Amazon.com, Inc. (NASDAQ: AMZN – Get Rating) by 6.1% in Q1, according to the company in its most recent SEC filing. The institutional investor held 1,868 shares of the e-commerce giant after buying an additional 108 shares during the quarter. Amazon.com includes about 3.1% of Stiles Financial Services Inc’s holdings, making the stock its 3rd largest position. Stiles Financial Services Inc’s holdings in Amazon.com were worth $6,096,000 when it last filed with the SEC.

Several other hedge funds have also recently changed their positions in the stock. Stuart Chaussee & Associates Inc. bought a new position on Amazon.com during the fourth quarter worth approximately $27,000. Gibson Wealth Advisors LLC bought a new position on Amazon.com during Q4 worth approximately $33,000. Leverty Financial Group LLC bought a new position on Amazon.com during Q4, valued at around $36,000. MBM Wealth Consultants LLC raised its position in Amazon.com shares by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant worth $37,000 after acquiring 4 more shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in Amazon.com stock in Q4 worth about $39,000. 72.51% of the shares are currently held by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several analysts have weighed in on the company recently. JPMorgan Chase & Co. cut its Amazon.com price target from $200.00 to $175.00 and set an “overweight” rating on the stock in a Wednesday, June 29 research note. Deutsche Bank Aktiengesellschaft reduced its target price on Amazon.com from $174.00 to $155.00 in a Thursday, July 21 report. Susquehanna lowered its target price on Amazon.com from $250.00 to $190.00 in a Friday, April 29 report. BMO Capital Markets cut its target price on Amazon.com from $182.50 to $172.50 in a Friday, April 29 report. Finally, Raymond James cut his price target on Amazon.com from $197.50 to $165.00 in a Friday, April 29 report. Two analysts rated the stock with a sell rating, two issued a hold rating and thirty-seven gave the company’s stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.99.

Amazon.com Price Performance

AMZN shares opened at $133.22 on Tuesday. The company has a market capitalization of $1.36 trillion, a PE ratio of 119.43, a price-to-earnings growth ratio of 6.06 and a beta of 1.33. The company has a fifty-day simple moving average of $121.98 and a 200-day simple moving average of $133.86. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt ratio of 0.44. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 per ($0.35). The company posted revenue of $121.23 billion in the quarter, versus analyst estimates of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company’s revenue increased 7.2% year over year. In the same period a year earlier, the company had earned earnings per share of $0.76. Stock research analysts expect Amazon.com, Inc. to post 1 earnings per share for the current fiscal year.

Insiders place their bets

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares in a trade on Monday, August 15. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. As a result of the sale, the CEO now directly owns 1,892,000 shares of the company, valued at $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Separately, SVP David Zapolsky sold 10,480 shares in a trade dated Tuesday, August 16. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the sale, the senior vice president now owns 60,260 shares of the company, valued at approximately $8,738,302.60. The transaction was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, CEO Andrew R. Jassy sold 23,620 shares in a trade dated Monday, August 15. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the CEO now directly owns 1,892,000 shares of the company, valued at approximately $269,212,680. The disclosure of this sale can be found here. 12.70% of the shares are held by company insiders.

Amazon.com Company Profile

(Get a rating)

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.

See also

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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