Oppenheimer & Co. Inc. Has $35.30 Million Position in Amazon.com, Inc. (AMZN)
Oppenheimer & Co. Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,715 shares of the e-commerce giant’s stock after acquiring an additional 263 shares during the quarter. Amazon.com comprises 0.9% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 9th largest holding. Oppenheimer & Co. Inc.’s holdings in Amazon.com were worth $35,296,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Whitnell & Co. increased its holdings in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC grew its holdings in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Amazon.com during the 2nd quarter valued at about $121,000. Archford Capital Strategies LLC grew its holdings in Amazon.com by 17,242.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after buying an additional 29,829 shares in the last quarter. Finally, Lee Financial Co grew its holdings in Amazon.com by 285.7% during the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock valued at $130,000 after buying an additional 100 shares in the last quarter. 59.49% of the stock is owned by institutional investors.
AMZN has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Cantor Fitzgerald lifted their target price on Amazon.com to $1,360.00 and gave the company an “overweight” rating in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 target price for the company. in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating, forty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,436.97.
Shares of Amazon.com, Inc. (AMZN) opened at $1,339.60 on Friday. The firm has a market capitalization of $648,509.69, a P/E ratio of 293.77, a P/E/G ratio of 5.89 and a beta of 1.63. Amazon.com, Inc. has a 12-month low of $822.85 and a 12-month high of $1,498.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
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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