Amazon.com Inc. (AMZN) is Gilder Gagnon Howe & Co. LLC’s Largest Position
Gilder Gagnon Howe & Co. LLC cut its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 9.1% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its largest position. Gilder Gagnon Howe & Co. LLC owned approximately 0.13% of Amazon.com worth $528,969,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position 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 last quarter. Wellington Shields Capital Management LLC raised 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 worth $4,979,000 after buying an additional 630 shares in the last quarter. Weatherly Asset Management L. P. raised 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 worth $11,200,000 after buying an additional 800 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised 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 worth $534,885,000 after buying an additional 7,184 shares in the last quarter. Finally, Seven Bridges Advisors LLC raised 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 worth $2,283,000 after buying an additional 91 shares in the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) opened at 766.77 on Tuesday. The stock has a market capitalization of $364.34 billion, a price-to-earnings ratio of 175.66 and a beta of 1.51. The stock’s 50 day moving average is $789.54 and its 200 day moving average is $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 posted 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 return on equity of 13.47% and a net margin of 1.64%. The firm earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities analysts predict that Amazon.com Inc. will post $4.78 earnings per share for the current fiscal year.
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A number of research firms have recently commented on AMZN. Morgan Stanley raised their price target on Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 5th. Royal Bank Of Canada decreased their price objective on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a report on Friday, September 16th. Cowen and Company reiterated an “outperform” rating and set a $960.00 price objective on shares of Amazon.com in a report on Wednesday, October 12th. Robert W. Baird reiterated a “buy” rating and set a $850.00 price objective on shares of Amazon.com in a report on Friday, October 28th. Finally, Guggenheim reiterated a “buy” rating and set a $950.00 price objective on shares of Amazon.com in a report on Friday, October 28th. Six analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. The company presently 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 shares were 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 of the company’s stock, valued at approximately $54,512,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.70% of the stock is currently owned by corporate 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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