Amazon to launch its own delivery service

Amazon to launch its own delivery service

Stevens Capital Management LP boosted its stake in shares of FedEx by 60.6% in the second quarter.

Amazon as a customer accounts for less than 10 percent of total revenue for UPS and 4 percent of revenue for FedEx, according to Wolfe research. Salem Investment Counselors Inc. lifted its holdings in shares of FedEx by 2.8% in the 2nd quarter. LLC bought a new stake in shares of FedEx during the third quarter valued at approximately $136,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of FedEx in the 3rd quarter valued at about $132,000. The institutional investor owned 797 shares of the shipping service provider's stock after selling 546 shares during the period.

Stifel Nicolaus maintained the shares of FDX in report on Wednesday, December 20 with "Hold" rating. Vetr cut shares of FedEx Corporation to a "sell" rating and set a $204.84 price target on the stock.in a report on Thursday, August 31st. Bank of America reaffirmed a "buy" rating and set a $315.00 target price on shares of FedEx in a research note on Friday, January 12th.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. The company has a market capitalization of $64,100.00, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The firm had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. Insiders have sold a total of 53,541 shares of company stock worth $13,692,142 in the last three months. BRONCZEK DAVID J sold $11.89 million worth of stock or 46,555 shares. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Following the transaction, the director now directly owns 16,040 shares of the company's stock, valued at approximately $4,267,442. The disclosure for this sale can be found here. Sii Investments Inc. WI now owns 3,402 shares of the shipping service provider's stock worth $739,000 after purchasing an additional 45 shares during the period. Patten Group Incorporated owns 2,030 shares for 0.03% of their portfolio.

Logan Paul: YouTube suspends star's adverts over 'potentially damaging' videos
This caused Paul to take a month break from vlogging, returning with a full apology video before resuming regular content. The same video saw him remove a live fish from a pond and joke about performing CPR on it.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, December 19th. "(NYSE:FDX)" was first published by Week Herald and is the property of of Week Herald. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright legislation.

Shares of FedEx Co.

Amazon may be a one stop shop for home goods, electronics, furniture, clothing and more, but in order to actually get items to your home, the e-commerce giant has to depend on delivery services like FedEx and UPS.

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