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Goelzer Investment Management Inc. Has $9.98 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com logo with Retail/Wholesale background

Key Points

  • Goelzer Investment Management Inc. increased its stake in Amazon.com to 52,467 shares, valued at approximately $9.98 million, representing a 4.3% increase in the first quarter.
  • Amazon's quarterly earnings showed $1.59 EPS, exceeding expectations, with revenue of $155.67 billion, marking an 8.6% year-over-year increase.
  • Institutional investors currently hold 72.20% of Amazon's stock, reflecting significant support from hedge funds and other institutional investors.
  • MarketBeat previews the top five stocks to own by September 1st.

Goelzer Investment Management Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,467 shares of the e-commerce giant's stock after purchasing an additional 2,153 shares during the quarter. Goelzer Investment Management Inc.'s holdings in Amazon.com were worth $9,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth $35,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth $40,000. Finally, Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 8.3%

Shares of AMZN traded down $19.36 during mid-day trading on Friday, reaching $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. The business has a fifty day moving average of $217.93 and a 200 day moving average of $209.23. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America boosted their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird boosted their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday. Telsey Advisory Group boosted their price target on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.85.

Read Our Latest Stock Analysis on AMZN

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. Insiders own 9.70% of the company's stock.

Amazon.com Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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