Cape ANN Savings Bank boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201 shares of the e-commerce giant’s stock after purchasing an additional 38 shares during the period. Cape ANN Savings Bank’s holdings in Amazon.com were worth $381,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signet Investment Advisory Group Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $33,000. Financial Advantage Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com in the second quarter valued at about $53,000. Mascoma Wealth Management LLC boosted its position in shares of Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares in the last quarter. 55.92% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a report on Friday, July 26th. Pivotal Research reissued a “buy” rating and set a $2,615.00 price target (down from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. Credit Suisse Group restated an “outperform” rating and issued a $2,250.00 price target (up from $2,200.00) on shares of Amazon.com in a research note on Wednesday, July 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $2,259.84.
NASDAQ AMZN opened at $1,822.99 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a market cap of $905.89 billion, a price-to-earnings ratio of 90.52, a P/E/G ratio of 2.37 and a beta of 1.57. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The business has a 50 day moving average price of $1,820.31 and a 200-day moving average price of $1,836.05.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same period in the prior year, the firm posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 24.01 earnings per share for the current year.
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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