Today: Today, Oliver Luxxe Assets LLC Increases Position in Amazon.com Inc. (AMZN)

Today, Oliver Luxxe Assets LLC Increases Position in Amazon.com Inc. (AMZN)

Oliver Luxxe Assets LLC boosted its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 15.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,205 shares of the e-commerce giant’s stock after buying an additional 292 shares during the period. Oliver Luxxe Assets LLC’s holdings in Amazon.com were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Nadler Financial Group Inc. raised its stake in Amazon.com by 8.4% in the second quarter. Nadler Financial Group Inc. now owns 439 shares of the e-commerce giant’s stock worth $314,000 after buying an additional 34 shares during the last quarter. CenturyLink Investment Management Co raised its stake in Amazon.com by 3.7% in the second quarter. CenturyLink Investment Management Co now owns 7,418 shares of the e-commerce giant’s stock worth $5,308,000 after buying an additional 262 shares during the last quarter. Raymond James Trust N.A. raised its stake in Amazon.com by 2.6% in the second quarter. Raymond James Trust N.A. now owns 2,977 shares of the e-commerce giant’s stock worth $2,130,000 after buying an additional 75 shares during the last quarter. West Oak Capital LLC raised its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. Finally, Patten & Patten Inc. TN raised its stake in Amazon.com by 9.5% in the second quarter. Patten & Patten Inc. TN now owns 1,405 shares of the e-commerce giant’s stock worth $1,005,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.03% on Friday, hitting $780.37. 1,837,068 shares of the company’s stock were exchanged. The stock has a market cap of $370.81 billion, a price-to-earnings ratio of 178.78 and a beta of 1.51. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21. The company’s 50-day moving average price is $791.62 and its 200 day moving average price is $760.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. Amazon.com’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com Inc. will post $4.77 earnings per share for the current fiscal year.

AMZN has been the subject of several recent analyst reports. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 target price for the company in a research report on Thursday, October 6th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 target price for the company in a research report on Friday, October 7th. Canaccord Genuity restated a “buy” rating and set a $900.00 target price (up from $825.00) on shares of Amazon.com in a research report on Monday, October 24th. Cantor Fitzgerald restated a “buy” rating and set a $1,000.00 target price on shares of Amazon.com in a research report on Monday, October 24th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $900.00 target price on shares of Amazon.com in a research report on Tuesday, October 4th. Six research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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 shares were 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 approximately $54,512,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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).

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