1 week Ago By Defense World Staff
Babb Wealth Advisors LLC acquired a new stake in Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm acquired 1,335 shares of the e-commerce giant’s stock, valued at approximately $293,000. Amazon.com accounts for about 0.
2% of Babb Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rench Wealth Management Inc.
increased its stake in Amazon.com by 7.9% during the 3rd quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC grew its holdings in shares of Amazon.
com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the last quarter.
Umpqua Bank increased its position in shares of Amazon.com by 0.4% during the third quarter.
Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares in the last quarter. One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth about $4,270,000.
Finally, Floyd Financial Group LLC bought a new position in Amazon.com in the 4th quarter valued at about $4,494,000. Institutional investors own 72.
20% of the company’s stock. Wall Street Analyst Weigh In A number of brokerages have commented on AMZN. Stifel Nicolaus boosted their price objective on Amazon.
com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th.
Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Raymond James raised their price objective on Amazon.
com from $260.00 to $275.00 in a research note on Monday, February 10th.
Morgan Stanley upped their target price on shares of Amazon.com from $230.00 to $280.
00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Tigress Financial raised their price target on shares of Amazon.com from $245.
00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.
53. Insiders Place Their Bets In other Amazon.com news, CFO Brian T.
Olsavsky sold 14,620 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.
14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860.
The trade was a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.
99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.
26. The trade was a 0.49 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. Corporate insiders own 10.
80% of the company’s stock. Amazon.com Price Performance Amazon.
com stock opened at $175.26 on Tuesday. The stock has a market cap of $1.
86 trillion, a price-to-earnings ratio of 31.69, a PEG ratio of 1.50 and a beta of 1.
39. The company has a quick ratio of 0.87, a current ratio of 1.
06 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $210.
97 and a 200 day simple moving average of $209.12. Amazon.
com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.
52. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last issued its quarterly earnings data on Thursday, February 6th.
The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.
34. Amazon.com had a return on equity of 24.
25% and a net margin of 9.29%. On average, research analysts forecast that Amazon.
com, Inc. will post 6.31 earnings per share for the current fiscal year.
Amazon.com Company 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. Featured Stories Five stocks we like better than Amazon.
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