First Heartland Consultants Inc. Buys 382 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
First Heartland Consultants Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,330 shares of the e-commerce giant’s stock after buying an additional 382 shares during the period. Amazon.com makes up about 2.2% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 11th largest holding. First Heartland Consultants Inc.’s holdings in Amazon.com were worth $14,115,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of AMZN. Stuart Chaussee & Associates Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $27,000. Econ Financial Services Corp bought a new stake in shares of Amazon.com in the 4th quarter worth $33,000. Gibson Wealth Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth $33,000. Leverty Financial Group LLC bought a new stake in shares of Amazon.com in the 4th quarter worth $36,000. Finally, MBM Wealth Consultants LLC increased its holdings in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares in the last quarter. 72.51% of the stock is owned by institutional investors.
Shares of AMZN stock opened at $111.75 on Tuesday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.65. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $112.39 and its 200-day moving average price is $139.60. The stock has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 53.95, a price-to-earnings-growth ratio of 3.69 and a beta of 1.25.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The firm had revenue of $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion. During the same period last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 1.17 EPS for the current fiscal year.
In other news, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at $209,870,622. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 761 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the sale, the chief financial officer now directly owns 2,375 shares in the company, valued at $5,151,897.50. The disclosure for this sale can be found here. Insiders sold 4,803 shares of company stock worth $10,528,337 over the last ninety days. Insiders own 12.70% of the company’s stock.
A number of research firms have commented on AMZN. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $205.00 to $175.00 in a report on Friday, April 29th. Rosenblatt Securities began coverage on Amazon.com in a report on Tuesday, April 19th. They issued a “neutral” rating and a $150.00 target price for the company. Cowen reduced their target price on Amazon.com from $220.00 to $212.50 in a report on Friday, April 29th. Monness Crespi & Hardt dropped their price target on Amazon.com from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, April 29th. Finally, UBS Group dropped their price target on Amazon.com from $209.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $185.45.
Amazon.com Company Profile (Get Rating)
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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