Garrison Bradford & Associates Inc. maintained its position in shares of Amazon.com Inc. (NASDAQ:AMZN) during the third quarter, Holdings Channel reports. The institutional investor owned 710 shares of the e-commerce giant’s stock at the end of the third quarter. Garrison Bradford & Associates Inc.’s holdings in Amazon.com were worth $594,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Bartlett & Co. LLC increased its stake in shares of Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 8 shares during the last quarter. Pathstone Family Office LLC increased its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management bought a new stake in shares of Amazon.com during the second quarter valued at about $109,000. Finally, D. Scott Neal Inc. increased its stake in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock valued at $130,000 after buying an additional 150 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded up 0.03% during mid-day trading on Friday, hitting $780.37. The stock had a trading volume of 1,837,068 shares. The company’s 50 day moving average is $791.62 and its 200-day moving average is $760.15. The stock has a market capitalization of $370.81 billion, a P/E ratio of 178.78 and a beta of 1.51. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $847.21.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The business had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The business’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. On average, analysts expect that Amazon.com Inc. will post $4.77 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Wedbush set a $900.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Sunday, October 30th. William Blair restated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 29th. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price objective on the stock in a research note on Tuesday, August 2nd. Guggenheim restated a “buy” rating and issued a $950.00 price objective on shares of Amazon.com in a research note on Friday, October 28th. Finally, Axiom Securities raised their target price on Amazon.com from $853.00 to $877.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Six analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $912.64.
In related news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).