Lenox Wealth Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 623 shares of the e-commerce giant’s stock after purchasing an additional 54 shares during the period. Lenox Wealth Management Inc.’s holdings in Amazon.com were worth $729,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. CI Investments Inc. raised its holdings in Amazon.com by 0.7% in the 3rd quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock valued at $54,792,000 after acquiring an additional 400 shares in the last quarter. Broadleaf Partners LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $6,772,000. Perpetual Ltd bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $25,356,000. Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in shares of Amazon.com by 13.7% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 904 shares of the e-commerce giant’s stock valued at $869,000 after purchasing an additional 109 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Amazon.com by 9.6% in the 4th quarter. Bank of Montreal Can now owns 558,105 shares of the e-commerce giant’s stock valued at $652,687,000 after purchasing an additional 48,847 shares during the period. 60.21% of the stock is owned by institutional investors and hedge funds.
AMZN has been the topic of several analyst reports. Loop Capital upped their price objective on Amazon.com to $1,600.00 in a research note on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and issued a $1,310.00 price objective on shares of Amazon.com in a research note on Monday, January 8th. Citigroup reiterated a “buy” rating and issued a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. Guggenheim reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Amazon.com in a research note on Thursday, December 14th. Finally, BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,494.78.
AMZN stock opened at $1,451.75 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The firm has a market capitalization of $673,901.44, a PE ratio of 319.07, a P/E/G ratio of 6.11 and a beta of 1.59. Amazon.com, Inc. has a twelve month low of $884.49 and a twelve month high of $1,617.54.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 EPS. analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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