Salem Investment Counselors Inc. Purchases 1,405 Shares of Amazon.com, Inc. (AMZN)
Salem Investment Counselors Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the third quarter, Holdings Channel reports. The institutional investor owned 17,565 shares of the e-commerce giant’s stock after purchasing an additional 1,405 shares during the quarter. Amazon.com accounts for 2.0% of Salem Investment Counselors Inc.’s holdings, making the stock its 12th largest holding. Salem Investment Counselors Inc.’s holdings in Amazon.com were worth $16,795,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Whitnell & Co. lifted its holdings in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares in the last quarter. Vestor Capital LLC lifted its holdings in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Amazon.com during the 2nd quarter worth about $121,000. Lee Financial Co lifted its holdings in Amazon.com by 285.7% during the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock worth $130,000 after purchasing an additional 100 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in Amazon.com during the 3rd quarter worth about $131,000. 59.39% of the stock is currently owned by hedge funds and other institutional investors.
AMZN has been the topic of several recent analyst reports. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $1,603.06 price target on the stock. in a report on Thursday. Loop Capital set a $1,545.00 price target on Amazon.com and gave the company a “buy” rating in a report on Wednesday. JMP Securities reaffirmed a “neutral” rating and issued a $1,600.00 price target (up previously from $1,475.00) on shares of Amazon.com in a report on Friday, February 2nd. UBS Group raised their price target on Amazon.com to $1,760.00 and gave the company a “buy” rating in a report on Friday. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $1,700.00 price target on shares of Amazon.com in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,472.95.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period last year, the company earned $1.54 EPS. equities research analysts anticipate that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total value of $379,617.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,714 shares of company stock worth $8,462,195. Corporate insiders own 17.70% of the company’s stock.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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