Montis Financial LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.7% in the third quarter, according to its latest disclosure to the Securities and Exchange Commission. The company owned his 12,539 shares of the e-commerce giant’s stock after purchasing an additional 1,409 of his shares during the period. Amazon.com accounts for approximately 1.4% of Montis Financial LLC’s investment portfolio, making the stock his 13th largest holding. Montis Financial LLC’s holdings of Amazon.com assets were valued at $1,417,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds have also recently changed their positions on AMZN. Bellecapital International Ltd. increased his Amazon.com position by 1,993.8% in the second quarter. Bellecapital International Ltd. owns 70,644 shares of the e-commerce giant worth $7,503,000 after he purchased an additional 67,270 shares last quarter. Bouchey Financial Group Ltd increased its position on Amazon.com by 2,027.5% in the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant worth $17,028,000 after purchasing an additional 152,790 shares last quarter. Gulf International Bank UK Ltd increased its position on Amazon.com by 1.0% in the third quarter. Gulf International Bank UK Ltd owns 1,526,940 shares in the e-commerce giant valued at $172,544,000 after purchasing an additional 15,640 shares in the previous quarter. Ervin Investment Management LLC increased its position on Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant worth $320,000 after purchasing an additional 2,793 shares last quarter. Finally, Csenge Advisory Group increased its position on Amazon.com by 2,077.0% in the second quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant worth $7,235,000 after buying an additional 64,990 shares last quarter. Institutional investors and hedge funds own 57.64% of the company’s shares.
Insider buying and selling on Amazon.com
In another Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares sold at an average price of $94.00 for a total transaction value of $700,864.00. Following the closing of the transaction, the CEO now owns his 533,435 shares in the company, valued at approximately $50,142,890. The deal is disclosed in documents filed with the Securities and Exchange Commission and available on the SEC’s website. In another Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that took place on Monday, November 21st. The shares sold at an average price of $94.00 for a total transaction value of $700,864.00. After the transaction, the CEO now owns 533,435 shares of the company stock valued at approximately $50,142,890. The transaction was disclosed in legal filings with the SEC and is available at this link. CFO Brian T. Olsavsky also sold 15,240 shares of Amazon.com stock in a transaction that took place on Monday, November 21st. The shares sold at an average price of $94.00 for a total transaction value of $1,432,560.00. Following the transaction, the Chief Financial Officer now directly owns 49,000 shares in the company, valued at approximately $4,606,000. Please see here for the disclosure of this sale. In the last quarter, insiders sold 52,428 shares of the company’s stock valued at $5,077,578. The insider owns his 12.70% of the company’s shares.
Amazon.com stock performance
AMZN shares opened Wednesday at $96.05. The company has a debt to equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a 50-day moving average of $90.67 and a 200-day moving average of $110.59. The company has a market cap of $979.87 billion, a PE ratio of 88.16, a P/E/G ratio of 3.09, and a beta of 1.22. Amazon.com, Inc. has a one-year low of $81.43 and a one-year high of $170.83.
Amazon.com (NASDAQ:AMZN – Get Rating) last reported quarterly results on Thursday, October 27th. The e-commerce giant reported his earnings per share (EPS) of $0.20 for the quarter. This misses the analyst consensus forecast of his $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 net profit margin of 2.25% and a return on equity of 14.44%. Amazon.com revenue for the quarter increased 14.7% year-over-year. During the same quarter last year, the company recorded his EPS of $0.31. On average, equity research analysts expect Amazon.com, Inc.’s EPS to be 0.68 this fiscal year.
Wall Street analyst opinion
A number of equity research analysts have recently published reports on AMZN stock. Monness Crespi & Hardt lowered its price target on Amazon.com from $172.00 to $136.00 and placed a Buy rating on the stock in its research report on Friday, October 28. Robert W. Baird lowered his price target on Amazon.com from his $150.00 to his $130.00, setting the stock at an “Outperform” valuation in a report on Friday, Oct. 28. Mizuho lowered its target price on Amazon.com from $155.00 to $135.00 and set a “Buy” rating in its report on Friday, October 28. Rosenblatt Securities lowered its price target on Amazon.com from $118.00 to $103.00 and gave the stock a Neutral rating in its Monday, November 14 report. Finally, UBS Group lowered its target price on Amazon.com from $165.00 to $125.00 in its Wednesday, January 4 report. Two analysts gave the stock a Sell rating, three gave a Hold rating, and 42 analysts assigned a Buy rating to the stock. According to MarketBeat.com data, the current consensus rating for the stock is “moderate buy” with a consensus target price of $146.29.
Amazon.com, Inc is a retailer of consumer products and subscriptions in North America and internationally. The company operates in his three segments: North America, International, and Amazon Web Services (AWS). We sell merchandise and content purchased for resale from third-party sellers through our physical and online stores.
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