Ruggaard & Associates LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.5% in the 3rd quarter, HoldingsChannel reports. The fund now owns 5,190 shares of the e-commerce giant’s stock after purchasing an additional 659 shares during the quarter. His Amazon.com holding in Ruggaard & Associates LLC was worth $660,000 as of its latest filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares. Kavar Capital Partners Group LLC grew his holdings in shares of Amazon.com by 7.6% in the 1st quarter. Cabal Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd increased his holdings in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. It now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Inc. grew its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp. now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC grew his holdings in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8.87 million after purchasing an additional 540 shares during the period. Institutional investors and hedge funds currently hold 57.96% of the stock.
Amazon.com trading rose 0.8%
AMZN opened at $178.22 on Friday. Amazon.com’s one-year low is $88.12 and one-year high is $178.73. The company has a current ratio of 1.05, a quick ratio of 0.84, and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.85 trillion, a P/E ratio of 61.46x, a price-to-earnings ratio of 1.52x, and a beta of 1.14x. The company’s 50-day moving average price is $161.32 and its 200-day moving average price is $146.04.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net profit margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter increased 13.9% year over year. The company’s earnings per share for the same period last year were $0.21. Analysts expect Amazon.com to post EPS of $4.06 for the current fiscal year.
Analyst sets new price target
A number of brokerage firms have recently published reports on AMZN. Raymond James raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong buy” rating in a research note on Friday, February 2nd. DA Davidson increased their target price on shares of Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC increased their target price on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Tigress Financial increased their target price on shares of Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. 1 investment analyst has rated the stock with a hold rating, 43 have rated it a buy, and 1 has rated the stock with a strong buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $197.95.
Check out the latest research reports on Amazon.com.
Insider trading at Amazon.com
In other news, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president will now directly own 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in his legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president will now directly own 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be viewed on the SEC’s website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $147.76, for a total transaction of $73,880.00. Following the completion of the sale, the CEO now directly owns 120,560 shares of the company’s stock, valued at $17,813,945.60. Disclosures regarding this sale can be found here. Insiders sold a total of 32,155,454 shares of company stock worth $5,495,283,506 over the past three months. Company insiders own 12.30% of the company’s stock.
Amazon.com Company Profile
(Free report)
Amazon.com, Inc provides retail sales, advertising and subscription services for consumer products through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). The company also manufactures and sells electronic devices such as the Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero. We develop and produce media content.
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Curious if other hedge funds own AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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