Baltimore Washington Financial Advisors Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,088 shares of the e-commerce giant’s stock after purchasing an additional 5,473 shares during the period. Amazon.com makes up 2.2% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 12th largest position. Baltimore Washington Financial Advisors Inc.’s holdings in Amazon.com were worth $40,450,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter valued at about $45,000. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter valued at about $56,000. 72.20% of the stock is owned by institutional investors.
Insider Activity at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. Company insiders own 10.80% of the company’s stock.
Wall Street Analyst Weigh In
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Amazon.com Stock Up 1.8 %
Shares of Amazon.com stock opened at $224.19 on Friday. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company’s 50 day moving average is $213.07 and its 200 day moving average is $194.05. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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