Gofen & Glossberg LLC IL Buys 625 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gofen & Glossberg LLC IL grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,335 shares of the e-commerce giant’s stock after acquiring an additional 625 shares during the quarter. Amazon.com accounts for 1.1% of Gofen & Glossberg LLC IL’s holdings, making the stock its 25th biggest position. Gofen & Glossberg LLC IL’s holdings in Amazon.com were worth $29,041,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Boltwood Capital Management increased its position in shares of Amazon.com by 1.9% in the fourth quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock worth $573,000 after purchasing an additional 7 shares during the period. Cordasco Financial Network increased its position in shares of Amazon.com by 17.4% in the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after purchasing an additional 8 shares during the period. Beaton Management Co. Inc. increased its position in shares of Amazon.com by 1.0% in the third quarter. Beaton Management Co. Inc. now owns 1,034 shares of the e-commerce giant’s stock worth $2,071,000 after purchasing an additional 10 shares during the period. Sanders Morris Harris LLC increased its position in shares of Amazon.com by 6.4% in the fourth quarter. Sanders Morris Harris LLC now owns 167 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 10 shares during the period. Finally, Spence Asset Management increased its position in shares of Amazon.com by 127.3% in the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 14 shares during the period. 56.11% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Jeffrey M. Blackburn sold 2,055 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the sale, the senior vice president now owns 46,596 shares in the company, valued at $75,314,978.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the sale, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,075 shares of company stock valued at $11,802,708. Corporate insiders own 16.30% of the company’s stock.

A number of brokerages recently commented on AMZN. Wedbush restated an “outperform” rating and issued a $1,861.69 price target on shares of Amazon.com in a research report on Monday. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research report on Monday. Oppenheimer lifted their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, CIBC lifted their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $2,133.35.

AMZN stock traded down $22.02 during mid-day trading on Wednesday, reaching $1,901.75. The company’s stock had a trading volume of 3,135,335 shares, compared to its average volume of 4,806,830. The company has a market cap of $916.04 billion, a P/E ratio of 94.43, a PEG ratio of 2.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.55 by $0.49. The business had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same period in the previous year, the company posted $2.16 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 26.64 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.baseballdailydigest.com/news/2019/04/24/gofen-glossberg-llc-il-increases-stake-in-amazon-com-inc-amzn.html.

Amazon.com 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 third-party sellers through physical stores and online stores.

Read More: How is diluted EPS different from basic EPS?

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.