Wulff Hansen & CO. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,755 shares of the e-commerce giant’s stock after purchasing an additional 855 shares during the period. Amazon.com accounts for about 1.9% of Wulff Hansen & CO.’s holdings, making the stock its 19th biggest position. Wulff Hansen & CO.’s holdings in Amazon.com were worth $1,575,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Dohj LLC grew its holdings in Amazon.com by 1.8% during the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after purchasing an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC bought a new position in shares of Amazon.com during the 3rd quarter worth $2,120,000. Obermeyer Wood Investment Counsel Lllp increased its holdings in Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after acquiring an additional 3,840 shares during the last quarter. Veritas Asset Management LLP raised its stake in Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after acquiring an additional 1,286,797 shares during the period. Finally, Sarasin & Partners LLP lifted its holdings in Amazon.com by 0.7% during the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock valued at $207,350,000 after purchasing an additional 17,993 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Amazon.com
In other news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the sale, the chief executive officer now owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the transaction, the chief executive officer now owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now directly owns 564,298 shares in the company, valued at $53,551,880.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,019 shares of company stock valued at $6,053,511. 12.70% of the stock is currently owned by company insiders.
Amazon.com Stock Up 1.9 %
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on AMZN shares. UBS Group lifted their target price on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Mizuho boosted their target price on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Moffett Nathanson cut their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a report on Monday, April 24th. DA Davidson boosted their price objective on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Bank of America raised their target price on Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.12.
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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