Today, Amazon.com Inc. (AMZN) is Gilder Gagnon Howe & Co. LLC’s Largest Position

Today, Amazon.com Inc. (AMZN) is Gilder Gagnon Howe & Co. LLC’s Largest Position

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 631,748 shares of the e-commerce giant’s stock after selling 14,338 shares during the period. Amazon.com makes up 9.1% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its largest position. Gilder Gagnon Howe & Co. LLC’s holdings in Amazon.com were worth $528,969,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Nordea Investment Management AB increased its stake in Amazon.com by 7.8% in the third quarter. Nordea Investment Management AB now owns 150,221 shares of the e-commerce giant’s stock valued at $125,782,000 after buying an additional 10,811 shares during the period. Wellington Shields Capital Management LLC increased its stake in Amazon.com by 11.8% in the third quarter. Wellington Shields Capital Management LLC now owns 5,947 shares of the e-commerce giant’s stock valued at $4,979,000 after buying an additional 630 shares during the period. Weatherly Asset Management L. P. increased its stake in Amazon.com by 6.4% in the third quarter. Weatherly Asset Management L. P. now owns 13,376 shares of the e-commerce giant’s stock valued at $11,200,000 after buying an additional 800 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in Amazon.com by 1.1% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 638,814 shares of the e-commerce giant’s stock valued at $534,885,000 after buying an additional 7,184 shares during the period. Finally, Seven Bridges Advisors LLC increased its stake in Amazon.com by 3.5% in the third quarter. Seven Bridges Advisors LLC now owns 2,726 shares of the e-commerce giant’s stock valued at $2,283,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 64.77% of the company’s stock.

Shares of Amazon.com Inc. (NASDAQ:AMZN) opened at 766.77 on Tuesday. The firm has a market capitalization of $364.34 billion, a price-to-earnings ratio of 175.66 and a beta of 1.51. The company has a 50-day moving average price of $789.54 and a 200 day moving average price of $761.26. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21.

Amazon.com (NASDAQ:AMZN) last released 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 analyst estimates of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. Equities research analysts expect that Amazon.com Inc. will post $4.78 earnings per share for the current fiscal year.

A number of equities analysts have commented 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 report on Sunday, October 30th. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price objective for the company in a research report on Tuesday, August 2nd. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research report on Thursday, September 15th. Atlantic Securities set a $980.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 28th. Finally, Guggenheim restated a “buy” rating and set a $950.00 price objective on shares of Amazon.com in a research report on Friday, October 28th. Six research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $911.75.

In related news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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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