Legacy Capital Partners Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,843 shares of the e-commerce giant’s stock after acquiring an additional 53 shares during the quarter. Amazon.com accounts for approximately 2.1% of Legacy Capital Partners Inc.’s holdings, making the stock its 9th largest position. Legacy Capital Partners Inc.’s holdings in Amazon.com were worth $5,253,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arvest Bank Trust Division grew its position in shares of Amazon.com by 8.2% in the 4th quarter. Arvest Bank Trust Division now owns 516 shares of the e-commerce giant’s stock worth $954,000 after acquiring an additional 39 shares in the last quarter. Family Legacy Inc. grew its position in shares of Amazon.com by 7.9% in the 4th quarter. Family Legacy Inc. now owns 1,033 shares of the e-commerce giant’s stock worth $1,954,000 after acquiring an additional 76 shares in the last quarter. Paragon Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $1,346,000. PrairieView Partners LLC grew its position in shares of Amazon.com by 10.7% in the 4th quarter. PrairieView Partners LLC now owns 238 shares of the e-commerce giant’s stock worth $440,000 after acquiring an additional 23 shares in the last quarter. Finally, Patten Group Inc. grew its position in shares of Amazon.com by 39.4% in the 4th quarter. Patten Group Inc. now owns 244 shares of the e-commerce giant’s stock worth $451,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 55.98% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 3,475 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1,745.57, for a total transaction of $6,065,855.75. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,455,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith A. Mcgrath sold 304 shares of Amazon.com stock in a transaction on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total value of $531,972.64. Following the sale, the director now directly owns 2,324 shares in the company, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Insiders have sold a total of 10,196 shares of company stock worth $17,869,618 in the last ninety days. 16.10% of the stock is 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 consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.75 EPS. On average, research analysts expect that Amazon.com, Inc. will post 20.51 earnings per share for the current fiscal year.
AMZN has been the subject of several research reports. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $2,350.00 target price on shares of Amazon.com in a research report on Friday, November 29th. China Renaissance Securities initiated coverage on Amazon.com in a research report on Tuesday, November 26th. They issued a “hold” rating and a $1,850.00 target price for the company. Benchmark decreased their target price on Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Cowen restated a “buy” rating and set a $2,400.00 price objective on shares of Amazon.com in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $2,171.64.
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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