DE Burlo Group Inc. Increases Holdings in Amazon.com (AMZN)

DE Burlo Group Inc. raised its holdings in shares of Amazon.com (NASDAQ:AMZN) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,084 shares of the e-commerce giant’s stock after buying an additional 3,075 shares during the period. Amazon.com comprises 3.3% of DE Burlo Group Inc.’s portfolio, making the stock its 4th largest holding. DE Burlo Group Inc.’s holdings in Amazon.com were worth $16,470,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Portfolio Solutions LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $119,000. Endurance Wealth Management Inc. boosted its position in shares of Amazon.com by 90.9% in the fourth quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after purchasing an additional 50 shares during the period. Oak Point Wealth Management bought a new position in shares of Amazon.com in the fourth quarter worth approximately $125,000. Lee Financial Co boosted its position in shares of Amazon.com by 285.7% in the third quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock worth $130,000 after purchasing an additional 100 shares during the period. Finally, Stelac Advisory Services LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $131,000. 56.76% of the stock is owned by institutional investors and hedge funds.

AMZN has been the subject of a number of research reports. Citigroup upped their target price on shares of Amazon.com to $1,900.00 and gave the stock a “buy” rating in a research report on Friday, April 27th. Cascend Securities initiated coverage on shares of Amazon.com in a research report on Friday, May 4th. They set a “buy” rating and a $1,800.00 target price for the company. Credit Suisse Group restated an “outperform” rating and set a $1,950.00 target price (up previously from $1,800.00) on shares of Amazon.com in a research report on Friday, April 27th. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a research report on Friday, May 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $2,020.00 target price (up previously from $1,800.00) on shares of Amazon.com in a research report on Monday, April 23rd. Two equities research analysts have rated the stock with a hold rating, fifty-two have assigned a buy rating and one has issued a strong buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,715.55.

Amazon.com stock traded up $19.00 during midday trading on Thursday, hitting $1,723.86. 3,156,836 shares of the company’s stock were exchanged, compared to its average volume of 5,269,002. Amazon.com has a 12 month low of $931.75 and a 12 month high of $1,724.80. The stock has a market cap of $819.61 billion, a price-to-earnings ratio of 378.87, a PEG ratio of 4.39 and a beta of 1.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.06 and a quick ratio of 0.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $1.47. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The business had revenue of $51.04 billion for the quarter, compared to analysts’ expectations of $49.94 billion. During the same period last year, the business earned $1.48 EPS. The company’s revenue was up 42.9% compared to the same quarter last year. equities analysts expect that Amazon.com will post 12.73 earnings per share for the current year.

In other news, SVP Jeffrey M. Blackburn sold 2,054 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $1,574.11, for a total value of $3,233,221.94. Following the sale, the senior vice president now directly owns 44,541 shares in the company, valued at approximately $70,112,433.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 435 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $1,578.02, for a total transaction of $686,438.70. Following the completion of the sale, the vice president now owns 6,408 shares in the company, valued at $10,111,952.16. The disclosure for this sale can be found here. Insiders sold a total of 10,993 shares of company stock worth $17,357,939 over the last 90 days. Company insiders own 16.30% of the company’s stock.

Amazon.com Company Profile

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.

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

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