Dohj LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,839 shares of the e-commerce giant’s stock after buying an additional 451 shares during the period. Amazon.com makes up 1.9% of Dohj LLC’s holdings, making the stock its 15th largest position. Dohj LLC’s holdings in Amazon.com were worth $2,807,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com during the first quarter worth $228,000. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com during the first quarter valued at $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com during the first quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at $191,000. Institutional investors own 57.64% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on AMZN. Cowen lifted their price target on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. Oppenheimer lifted their price target on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a research note on Friday, February 3rd. Benchmark boosted their target price on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.
Amazon.com Trading Down 1.2 %
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.
Insider Buying and Selling
In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 in the last three months. Insiders own 12.70% of the company’s stock.
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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