Bender Robert & Associates Has $8.21 Million Holdings in Amazon.com, Inc. (AMZN)
Bender Robert & Associates cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,536 shares of the e-commerce giant’s stock after selling 74 shares during the quarter. Amazon.com makes up approximately 4.7% of Bender Robert & Associates’ investment portfolio, making the stock its 6th largest position. Bender Robert & Associates’ holdings in Amazon.com were worth $8,206,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AMZN. Goelzer Investment Management Inc. raised its stake in shares of Amazon.com by 48.7% during the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after buying an additional 130 shares during the period. Lakeview Capital Partners LLC raised its stake in shares of Amazon.com by 19.6% during the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after buying an additional 176 shares during the period. R. G. Niederhoffer Capital Management Inc. acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $871,000. IBM Retirement Fund raised its stake in shares of Amazon.com by 76.6% during the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock worth $10,523,000 after buying an additional 4,218 shares during the period. Finally, Murphy Capital Management Inc. raised its stake in shares of Amazon.com by 1.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock worth $9,540,000 after buying an additional 140 shares during the period. 59.76% of the stock is owned by institutional investors.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock worth $444,391,701 in the last 90 days. 17.70% of the stock is currently owned by company insiders.
AMZN has been the subject of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt raised Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 target price for the company in a research note on Friday, October 27th. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average target price of $1,237.19.
Amazon.com, Inc. (NASDAQ AMZN) opened at $1,168.36 on Friday. The stock has a market capitalization of $563,000.00, a P/E ratio of 295.04, a P/E/G ratio of 13.29 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com, Inc. has a 12 month low of $747.70 and a 12 month high of $1,213.41.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. analysts expect that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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