Pacific Edge Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 483 shares of the e-commerce giant’s stock after acquiring an additional 67 shares during the quarter. Amazon.com comprises about 0.5% of Pacific Edge Advisors LLC’s portfolio, making the stock its 22nd largest position. Pacific Edge Advisors LLC’s holdings in Amazon.com were worth $893,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Macroview Investment Management LLC increased its position in shares of Amazon.com by 166.7% during the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 10 shares during the period. NewSquare Capital LLC boosted its holdings in shares of Amazon.com by 533.3% in the fourth quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock valued at $35,000 after purchasing an additional 16 shares during the period. Phocas Financial Corp. bought a new position in Amazon.com in the second quarter worth approximately $45,000. Pflug Koory LLC grew its stake in Amazon.com by 30.8% in the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. grew its stake in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after purchasing an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 56.40% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 200 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $1,865.34, for a total transaction of $373,068.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,653,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total transaction of $663,500.14. Following the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,041,412.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,196 shares of company stock valued at $17,869,618. 16.10% of the stock is currently owned by company insiders.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to analysts’ expectations of $68.72 billion. During the same quarter last year, the firm earned $5.75 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 20.51 EPS for the current year.
A number of equities research analysts have weighed in on AMZN shares. Sanford C. Bernstein began coverage on Amazon.com in a research report on Thursday, January 9th. They set a “market perform” rating and a $2,050.00 target price for the company. Mizuho increased their price target on Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush cut their price target on Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Citigroup restated a “buy” rating and set a $2,200.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Susquehanna Bancshares set a $2,200.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,177.07.
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 third-party sellers through physical stores and online stores.
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