AI Financial Services LLC bought a new position in Amazon.com (NASDAQ:AMZN) in the 4th quarter, HoldingsChannel.com reports. The firm bought 240 shares of the e-commerce giant’s stock, valued at approximately $281,000. Amazon.com accounts for 0.6% of AI Financial Services LLC’s holdings, making the stock its 20th biggest position.

A number of other hedge funds have also recently modified their holdings of AMZN. Truepoint Inc. lifted its position in Amazon.com by 94,448.7% in the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock worth $573,000 after purchasing an additional 572,359 shares during the period. Atlantic Trust Group LLC lifted its position in Amazon.com by 55.5% in the third quarter. Atlantic Trust Group LLC now owns 576,450 shares of the e-commerce giant’s stock worth $554,171,000 after purchasing an additional 205,677 shares during the period. Suvretta Capital Management LLC bought a new position in Amazon.com in the third quarter worth $191,658,000. The Manufacturers Life Insurance Company lifted its position in Amazon.com by 7.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,518,838 shares of the e-commerce giant’s stock worth $1,776,236,000 after purchasing an additional 105,161 shares during the period. Finally, California Public Employees Retirement System lifted its position in Amazon.com by 11.3% in the fourth quarter. California Public Employees Retirement System now owns 960,587 shares of the e-commerce giant’s stock worth $1,123,378,000 after purchasing an additional 97,708 shares during the period. 56.85% of the stock is owned by hedge funds and other institutional investors.

Shares of AMZN stock opened at $1,629.62 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.06 and a quick ratio of 0.77. The stock has a market capitalization of $782.61 billion, a P/E ratio of 358.16, a PEG ratio of 4.32 and a beta of 1.60. Amazon.com has a 12 month low of $927.00 and a 12 month high of $1,638.10.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $1.47. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The firm had revenue of $51.04 billion for the quarter, compared to analysts’ expectations of $49.94 billion. During the same quarter last year, the business earned $1.48 earnings per share. The company’s revenue was up 42.9% compared to the same quarter last year. equities analysts anticipate that Amazon.com will post 12.37 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 250 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $1,549.90, for a total transaction of $387,475.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $15,499,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $1,582.11, for a total value of $1,945,995.30. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,821,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,243 shares of company stock worth $17,745,414. Company insiders own 16.30% of the company’s stock.

Several research firms have issued reports on AMZN. Citigroup increased their price objective on Amazon.com to $1,900.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Cascend Securities began coverage on Amazon.com in a research note on Friday, May 4th. They set a “buy” rating and a $1,800.00 price objective for the company. Credit Suisse Group reiterated an “outperform” rating and set a $1,950.00 price objective (up from $1,800.00) on shares of Amazon.com in a research note on Friday, April 27th. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, May 4th. Two investment analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $1,705.08.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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