Lombard Odier Asset Management USA Corp trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the e-commerce giant’s stock after selling 53 shares during the quarter. Amazon.com accounts for 1.0% of Lombard Odier Asset Management USA Corp’s holdings, making the stock its 19th largest holding. Lombard Odier Asset Management USA Corp’s holdings in Amazon.com were worth $15,023,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of AMZN. Spirit of America Management Corp NY purchased a new stake in shares of Amazon.com during the 3rd quarter worth $110,000. Taylor Hoffman Wealth Management lifted its stake in shares of Amazon.com by 192.3% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after purchasing an additional 50 shares during the last quarter. Capital Investment Services of America Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter worth $200,000. Chessman Wealth Strategies RIA purchased a new stake in shares of Amazon.com during the 3rd quarter worth $200,000. Finally, Armstrong Henry H Associates Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter worth $200,000. Institutional investors and hedge funds own 55.22% of the company’s stock.
Shares of AMZN stock opened at $1,712.36 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $841.12 billion, a PE ratio of 85.02, a PEG ratio of 2.33 and a beta of 1.62. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.49. The business had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same period in the prior year, the company earned $2.16 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 26.72 EPS for the current year.
AMZN has been the subject of a number of analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 20th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 20th. Barclays restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, November 21st. Loop Capital restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 27th. Finally, Nomura restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 4th. Five investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,118.63.
In other news, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $16,146,500. The disclosure for this sale can be found here. Insiders sold 5,075 shares of company stock worth $8,180,428 over the last three months. Corporate insiders own 16.30% of the company’s stock.
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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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