PFG Private Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 368 shares of the e-commerce giant’s stock, valued at approximately $680,000. Amazon.com comprises about 0.6% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 29th largest position.
A number of other institutional investors also recently made changes to their positions in the business. Macroview Investment Management LLC lifted its holdings 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 purchasing an additional 10 shares during the period. NewSquare Capital LLC lifted its holdings in 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 acquiring an additional 16 shares during the period. Phocas Financial Corp. acquired a new stake in Amazon.com in the second quarter valued at $4,545,000. Pflug Koory LLC lifted its holdings in Amazon.com by 30.8% in the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 8 shares during the period. Finally, Financial Advantage Inc. lifted its holdings in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after acquiring an additional 8 shares during the period. Institutional investors own 56.40% of the company’s stock.
A number of equities research analysts have commented on AMZN shares. Monness Crespi & Hardt set a $2,300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 18th. ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Citigroup reissued a “buy” rating and issued a $2,200.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Royal Bank of Canada reduced their target price on Amazon.com to $2,500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, UBS Group lifted their price target on Amazon.com from $2,100.00 to $2,305.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have issued a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $2,180.56.
AMZN opened at $1,892.00 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The stock has a market capitalization of $938.05 billion, a price-to-earnings ratio of 83.79, a price-to-earnings-growth ratio of 2.59 and a beta of 1.50. The business has a 50-day moving average of $1,826.40 and a two-hundred day moving average of $1,816.82. Amazon.com, Inc. has a 12 month low of $1,566.76 and a 12 month high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 firm had revenue of $69.98 billion during the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.75 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 20.51 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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