Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lessened by Logan Capital Management Inc.
Logan Capital Management Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 381,860 shares of the e-commerce giant's stock after selling 5,605 shares during the quarter. Amazon.com makes up about 2.9% of Logan Capital Management Inc.'s investment portfolio, making the stock its 4th largest holding. Logan Capital Management Inc.'s holdings in Amazon.com were worth $71,152,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Helios Capital Management PTE. Ltd. raised its holdings in shares of Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant's stock valued at $7,827,000 after purchasing an additional 5,300 shares in the last quarter. Atomi Financial Group Inc. increased its position in Amazon.com by 7.0% during the second quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant's stock worth $14,096,000 after buying an additional 4,749 shares during the last quarter. Instrumental Wealth LLC raised its holdings in Amazon.com by 1.3% during the second quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant's stock valued at $907,000 after buying an additional 64 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Amazon.com by 5.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant's stock worth $8,785,000 after buying an additional 2,332 shares during the last quarter. Finally, Park Edge Advisors LLC lifted its position in shares of Amazon.com by 5.9% in the second quarter. Park Edge Advisors LLC now owns 11,410 shares of the e-commerce giant's stock worth $2,205,000 after buying an additional 640 shares during the last quarter. Institutional investors own 72.20% of the company's stock.
Amazon.com stock opened at $225.94 on Friday. The company has a market cap of $2.38 trillion, a PE ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00. The company's 50-day moving average is $217.56 and its two-hundred day moving average is $196.10.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Amazon.com's revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current year.
AMZN has been the topic of a number of recent analyst reports. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $250.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, January 10th. Moffett Nathanson lifted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets restated an "outperform" rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.65.
Get Our Latest Analysis on Amazon.com
In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company's stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is owned by company insiders.
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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