ODonnell Financial Services LLC cut its stock position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 26.3% in the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the e-commerce giant after selling 1,500 of his shares during the period. Amazon.com accounts for about 1.7% of his ODonnell Financial Services LLC portfolio, making the company’s stock his ninth largest. ODonnell Financial Services LLC’s stake in Amazon.com was valued at $475,000 at the end of the most recent quarter.
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Many other hedge funds and other institutional investors have also changed positions in the company. Lesa Sroufe & Co acquired a new stake in her Amazon.com in the third quarter for about $325,000. Blue Barn Wealth LLC increased her Amazon.com stake by 15.7% in the third quarter. Blue Barn Wealth LLC now owns her 8,337 shares of the e-commerce giant worth $942,000 after acquiring an additional 1,134 shares in the previous quarter. Fishman Jay A Ltd. MI increased his stake in Amazon.com by 2.8% in the third quarter. Fishman Jay A Ltd. MI now owns 421,605 shares in the e-commerce giant valued at $47,641,000 after acquiring an additional 11,425 shares in the previous quarter. Ballentine Partners LLC increased its stake in Amazon.com by 30.6% in the third quarter. Ballentine Partners LLC now owns 80,711 shares of the e-commerce giant worth $9,120,000 after acquiring an additional 18,923 shares in the previous quarter. Finally, Hixon Zuercher LLC increased its stake in Amazon.com by 4.2% in the third quarter. Hixon Zuercher LLC now owns 41,760 shares of the e-commerce giant worth $4,719,000 after acquiring an additional 1,684 shares last quarter. Institutional investors and hedge funds own 57.64% of the company’s shares.
Amazon.com turnover 3.8%
AMZN shares opened Friday at $97.25. 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 company has a 50-day moving average of $90.72 and a 200-day moving average of $110.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a market capitalization of $992.1 billion, a P/E ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22.
Amazon.com (NASDAQ:AMZN – Get Rating) announced final results on Thursday, October 27th. The e-commerce giant reported a profit of $0.20 per share for the quarter, missing the consensus estimate of $0.22 ($0.02). 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 was $127.1 billion, compared with analyst estimates of $127.47 billion. In the same quarter last year, the company posted his $0.31 earnings per share. The company’s quarterly earnings increased he 14.7% compared to the same quarter last year. On average, research analysts expect Amazon.com, Inc.’s earnings per share for the current fiscal year to be 0.68.
Wall Street analyst opinion
AMZN has been the subject of several research reports. Truist Financial lowered its price target on Amazon.com stock from $170.00 to $160.00 and gave the company a Buy rating in its research notes on Friday, October 28. Jefferies Financial Group lowered its price target on Amazon.com stock from $165.00 to $135.00 in its research notes on Friday, October 28, giving the company a ‘Buy’ rating. JPMorgan Chase & Co. lowered its price target on Amazon.com stock from $145.00 to $130.00 in its research notes on Friday, Dec. 16, giving the company an “overweight” rating. Monness Crespi & Hardt lowered its price target for Amazon.com from $172.00 to $136.00, setting a ‘buy’ rating for the company in a research report on Friday, October 28. Finally, Needham & Company LLC lowered its price target for Amazon.com stock from $175.00 to $120.00 in a research report on Friday, October 28, giving the company a “Buy” rating. Two research analysts rated the stock with a sell rating, three assigned a hold rating, and 42 issued a buy rating to the company’s stock. Based on MarketBeat.com data, Amazon.com currently has a consensus rating of “moderate buy” and a consensus price target of $145.87.
insider bet
In other news from Amazon.com, CEO Douglas J. Herrington sold 7,456 shares of the company in a deal 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 directly owns 533,435 shares in the company, valued at $50,142,890. The sale was disclosed in documents filed with the Securities and Exchange Commission, available at this link. In other news from Amazon.com, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in his Tuesday, November 15 transaction. The shares sold for an average of $103.10 for a total of $1,627,639.70. After the sale, the CEO now owns 522,251 shares of the company stock valued at $53,844,078.10. The sale is disclosed in legal documents to the Securities and Exchange Commission, which can be accessed on his website at the SEC. CEO Douglas J. Herrington also sold 7,456 shares of the company 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 sale, the CEO now owns directly his 533,435 shares in the company, valued at approximately $50,142,890. Please see here for the disclosure of this sale. In the past three months, insiders have sold 52,428 shares of the company’s stock valued at $5,077,578. 12.70% of the shares are owned by internal persons.
About Amazon
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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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