Skip to Content

RB Capital Management LLC buys 1,800 Amazon.com, Inc. shares (NASDAQ:AMZN)

RB Capital Management LLC buys 1,800 Amazon.com, Inc. shares (NASDAQ:AMZN)

RB Capital Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ: AMZN) during the third quarter, as stated in the most recent disclosure made by the company with the Securities and Exchange Commission (SEC). The institutional investor ended up with 36,122 shares of the company’s stock after purchasing an additional 1,800 shares of the e-commerce giant’s stock throughout the period in question. The RB Capital Management LLC portfolio includes Amazon.com, which is ranked as the 13th largest asset overall and accounts for approximately 1.6% of the total. The most recent disclosure that RB Capital Management LLC made to the SEC revealed that the value of its holdings in Amazon.com was $4,082,000. Accordingly, RB Capital Management LLC provided this information.

Recent months have seen several other institutional investors make adjustments to how they are invested in AMZN. The investment portfolio of Kavar Capital Partners Group LLC saw a 7.6% increase in the value of its holdings in Amazon.com during the first three months of the year. After making an additional purchase of 79 shares during the most recent fiscal quarter, Kavar Capital Partners Group LLC now holds 1,121 shares of the e-commerce giant’s stock. Based on the stock’s most recent price, this investment is currently worth $3,654,000. IFM Investors Pty Ltd. increased the percentage of its stock on Amazon.com by 21.8% during the first three months of 2018. IFM Investors Pty Ltd now holds 72,911 shares of the company’s stock, with a market cap of $237,686,000 following the acquisition of an additional 13,060 shares during the most recent quarter. The company’s market cap is described as equal to $237,686,000. Ironwood Wealth Management LLC demonstrated its growing confidence in Amazon.com by increasing its holdings in the company by 0.8% during the first quarter of the year. After purchasing 15 additional shares during the most recent quarter, Ironwood Wealth Management LLC now holds 1,810 shares of the e-commerce giant’s stock. Based on the current stock price, this gives the company a market value of $5,901,000. The amount of stock that Markel Corporation holds in Amazon.com went up by 0.6 percent over the first quarter. Markel Corporation now has 99,068 of the e-commerce giant’s shares, valued at $322,956,000, after purchasing an additional 550 shares during the most recent fiscal quarter. And finally, during the first three months of this year, Leelyn Smith LLC increased the amount of Amazon.com stock it held in its portfolio by 24.8%. In the most recent fiscal quarter, Leelyn Smith LLC was able to acquire 540 additional shares, bringing the total number of shares it currently owns in the e-commerce giant’s stock up to 2,721. Because of this, the total holding value of the company is now $8.870,000. At present, institutional investors and investors from hedge funds hold a combined total of 57.64% of the company’s outstanding stock.

Recent times have seen several stock research analysts produce studies on the company, which they have compiled and analyzed individually. In a research note published on Friday, October 28, Jefferies Financial Group lowered their “buy” rating and price objective on Amazon.com, which they had previously set at $165.00. The new rating and price objectives can be found here. Wolfe Research gave the stock of Amazon.com a rating of “outperform” in a report published on Friday, October 28, and lowered their price objective for the company, which had previously been set at $150.00, to $130.00. In addition, the stock was given an “outperform” rating based on the analysis. Amazon.com was assigned a rating of “underperform” by Credit Suisse Group, and the latter organization reduced its price objective for the company from $159.00 to $142. This information was made available in a research note distributed on October 28 last week. On November 15, Moffett Nathanson released a research report in which they started providing coverage of Amazon.com. This coverage was initiated that day. They anticipated that the company would receive an “outperform” rating and established a price target of $118.00. Deutsche Bank Aktiengesellschaft lowered its price target on Amazon.com from $150.00 to $130.00 and assigned the company a “buy” rating in a research report published on Friday, October 28. This is not the only piece of news that is connected to this subject. Forty-two research analysts recommend buying the stock, three recommend simply holding onto the stock, and two recommend selling the stock. The current average rating for Amazon.com on Bloomberg.com is “Moderate Buy,” and the website reports that the average price objective for the company is currently set at $146.70.

On Friday, the price at which trading on the NASDAQ AMZN was initiated was $95.27. Currently, the debt-to-equity ratio stands at 0.43, the quick ratio stands at 0.68, and the current ratio stands at 0.94. During the past year, the share price of Amazon.com, Inc., has fluctuated between an all-time low of $81.43 and an all-time high of $170.83. The company currently has a price-to-earnings ratio of 87.44, a price-to-earnings-growth ratio of 2.74, and a beta value of 1.22. Its market capitalization is currently sitting at $971.91 billion. The company’s moving average over the past 200 days is $110.81, while the moving average over the past 50 days is $90.25 [$90.25 is the moving average for the past 50 days].

On October 27, the public was given access to the quarterly earnings report submitted by Amazon.com, Inc. (NASDAQ: AMZN). The e-commerce giant reported quarterly profits of $0.20 per share, which fell short of the consensus earnings expectations of industry professionals, which were $0.22 per share. Amazon.com had a return on equity of 14.44%, while the net margin for the company was 2.25%. The actual revenue that the company generated during the period came in at $127.10 billion, which is lower than the consensus forecast of $127.47 billion that was

Tags

Leave a comment

Your email address will not be published. Required fields are marked *