Trade Report: Today, Amazon.com Inc. (AMZN) Stake Boosted by Pekin Singer Strauss Asset Management IL

Today, Amazon.com Inc. (AMZN) Stake Boosted by Pekin Singer Strauss Asset Management IL

Pekin Singer Strauss Asset Management IL boosted its position in shares of Amazon.com Inc. (NASDAQ:AMZN) by 48.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,735 shares of the e-commerce giant’s stock after buying an additional 570 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Amazon.com were worth $1,453,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Williams Jones & Associates LLC boosted its stake in shares of Amazon.com by 22.7% in the second quarter. Williams Jones & Associates LLC now owns 24,801 shares of the e-commerce giant’s stock worth $17,748,000 after buying an additional 4,596 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Amazon.com by 4.3% in the second quarter. Schroder Investment Management Group now owns 562,819 shares of the e-commerce giant’s stock worth $402,765,000 after buying an additional 23,336 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Amazon.com by 51.4% in the second quarter. First Citizens Bank & Trust Co. now owns 14,927 shares of the e-commerce giant’s stock worth $10,682,000 after buying an additional 5,068 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in shares of Amazon.com by 36.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 21,065 shares of the e-commerce giant’s stock worth $15,075,000 after buying an additional 5,601 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Amazon.com by 1.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 631,630 shares of the e-commerce giant’s stock worth $452,007,000 after buying an additional 6,485 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 1.74% during trading on Monday, reaching $766.77. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21. The company has a market capitalization of $364.34 billion, a P/E ratio of 175.66 and a beta of 1.51. The company’s 50-day moving average is $789.54 and its 200-day moving average is $761.26.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 business earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com Inc. will post $4.78 EPS for the current fiscal year.

AMZN has been the topic of several analyst reports. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $920.00 price target on shares of Amazon.com in a research report on Thursday, September 8th. Mizuho reiterated a “buy” rating and set a $950.00 price target on shares of Amazon.com in a research report on Thursday, October 13th. Evercore ISI reiterated a “buy” rating and set a $1,015.00 price target (up from $930.00) on shares of Amazon.com in a research report on Friday, September 16th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price target on the stock in a research report on Thursday, October 6th. Finally, Atlantic Securities set a $980.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average price target of $911.75.

In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.70% of the stock is owned by company insiders.

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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