Amazon.com, Inc. (AMZN) Position Lifted by LMR Partners LLP
LMR Partners LLP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 314.5% during the third quarter, Holdings Channel reports. The fund owned 1,944 shares of the e-commerce giant’s stock after buying an additional 1,475 shares during the period. LMR Partners LLP’s holdings in Amazon.com were worth $1,869,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vestor Capital LLC raised its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Whitnell & Co. increased its position in shares of Amazon.com by 581.3% during the third 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 period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Amazon.com during the second quarter worth $121,000. Lee Financial Co increased its position in shares of Amazon.com by 285.7% during the third quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock worth $130,000 after acquiring an additional 100 shares during the period. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Amazon.com during the third quarter worth $131,000. Hedge funds and other institutional investors own 59.06% of the company’s stock.
A number of research firms have recently weighed in on AMZN. Bank of America reaffirmed a “buy” rating and set a $1,650.00 price objective (up previously from $1,460.00) on shares of Amazon.com in a research report on Friday, February 2nd. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Amazon.com in a research report on Friday, February 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $1,650.00 price objective (up previously from $1,500.00) on shares of Amazon.com in a research report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, February 5th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating, forty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,436.97.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,339.60 on Monday. Amazon.com, Inc. has a 1 year low of $822.85 and a 1 year high of $1,498.00. The stock has a market cap of $648,510.00, a P/E ratio of 293.77, a P/E/G ratio of 5.89 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. Amazon.com’s revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.54 earnings per share. analysts forecast that Amazon.com, Inc. will post 8.49 EPS for the current year.
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Amazon.com Company Profile
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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