Mastrapasqua Asset Management Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the third quarter, according to the latest 13F file filed with the U.S. Securities and Exchange Commission (SEC) . The institutional investor owned his 170,065 shares of the e-commerce giant’s stock after buying another 1,419 shares during the quarter. Amazon.com accounts for his 2.8% of Mastrapasqua Asset Management Inc.’s portfolio, the third largest position. Mastrapasqua Asset Management Inc.’s Amazon.com holdings were valued at $19,217,000 as of the latest filing with the SEC.
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Other institutional investors and hedge funds have also recently increased or decreased their stakes in the company. Bridgefront Capital LLC purchased new Amazon.com stock for approximately $228,000 in the first quarter. Krane Funds Advisors LLC increased his position on Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant worth $254,000 after purchasing an additional 55 shares of him last quarter. Range Financial Group LLC purchased approximately $258,000 worth of new Amazon.com stock in the first quarter. My Personal CFO LLC purchased new shares of his Amazon.com stock in the first quarter for approximately $261,000. Finally, Worth Asset Management LLC purchased new shares of his Amazon.com stock in the first quarter worth approximately $191,000. 57.64% of the shares are owned by institutional investors.
Amazon.com is up 0.3%
NASDAQ:AMZN opened at $97.52 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt to equity ratio of 0.43. The stock has a market capitalization of $994.87 billion, a price/earnings ratio of 89.51, a PEG ratio of 3.06 and a beta of 1.22. The company has a 50-day simple moving average of $90.70 and a 200-day simple moving average of $110.10. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83.
Amazon.com (NASDAQ:AMZN – Get Rating) last reported quarterly results on Thursday, October 27th. The e-commerce giant reported EPS of $0.20 for the quarter, missing out on analyst consensus estimates of $0.22 ($0.02). The company’s revenue for the quarter he had $127.1 billion, while analyst estimates put him at $127.47 billion. Amazon.com had a return on equity of 14.44% and a net profit margin of 2.25%. The company’s revenue for the quarter increased by 14.7% compared to the same period last year. During the same quarter last year, the business posted his $0.31 earnings per share. Analysts expect Amazon.com, Inc. to record 0.68 EPS for his fiscal year.
In separate news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares sold for an average of $94.00 and the total deal value was her $329,000.00. Following the closing of the transaction, Vice President now directly owns 119,780 shares of the company, valued at $11,259,320. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed at this link. In related news, the VP’s girlfriend, Shelley Reynolds, sold 3,500 shares of the company’s stock in a transaction that took place on Monday, November 21st. The shares sold for an average of $94.00, with a total trading value of her $329,000.00. After the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The sale was disclosed in filings with the Securities and Exchange Commission that can be accessed at this link. CEO Douglas J. Herrington also sold 15,787 shares of the company in a transaction that took place on Tuesday, November 15th. The shares sold for an average of $103.10, and the total transaction value he had was $1,627,639.70. After the sale, the CEO now owns 522,251 shares in the company, valued at $53,844,078.10. Please see here for the disclosure of this sale. In the past 90 days, insiders have sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the shares are now owned by insiders.
Wall Street analyst opinion
Many equity research analysts have recently published reports on equities. Cowen raised her price target on Amazon.com stock from her $150.00 to her $160.00, giving the company an “Outperform” rating in a report on Thursday, Dec. 1. Goldman Sachs Group Inc. lowered its price target on Amazon.com stock from $165.00 to $145.00, giving it a Buy rating in its research notes on Friday, January 13. Monness Crespi & Hardt lowered its price target on Amazon.com stock from $172.00 to $136.00 and gave it a Buy rating in its research notes on Friday, October 28. Moffett Nathanson undertook coverage of Amazon.com stock in a research note on Tuesday, November 15th. They issued an “outperform” rating and a price target of $118.00. Finally, StockNews.com in his Wednesday Oct. 12 research note he covered Amazon.com stock. They issued a “Hold” rating on the stock. Two analysts gave the stock a sell rating, three issued a hold rating, and 42 analysts assigned a buy rating to the stock. Based on MarketBeat.com data, the company’s current consensus rating is a “moderate buy” with a consensus price target of $145.87.
Amazon.com, Inc. is a multinational technology company engaged in providing online retail shopping services. It operates through North America, International, and Amazon Web Services (AWS) business segments. The North America segment includes retail sales and subscriptions of consumer goods through North America-focused websites such as www.amazon.com and www.amazon.ca.
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