2 weeks Ago By ABMN Staff
Essex Financial Services Inc. grew its position in shares of Amazon.com, Inc.
( NASDAQ:AMZN ) by 6.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,569 shares of the e-commerce giant’s stock after purchasing an additional 7,010 shares during the period.
Amazon.com makes up about 1.2% of Essex Financial Services Inc.
’s investment portfolio, making the stock its 10th largest position. Essex Financial Services Inc.’s holdings in Amazon.
com were worth $24,073,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in AMZN. Cooksen Wealth LLC purchased a new stake in shares of Amazon.
com during the fourth quarter valued at approximately $30,000. Clarity Asset Management Inc. bought a new stake in shares of Amazon.
com in the fourth quarter worth $46,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.
com by 650.0% in the second quarter. Christopher J.
Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. bought a new stake in shares of Amazon.
com in the first quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.
com in the first quarter worth $69,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Price Performance Shares of Amazon.com stock opened at $187.
97 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.
88 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $178.
92 and its two-hundred day moving average price is $182.64. Amazon.
com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.
20. The stock has a market cap of $1.97 trillion, a PE ratio of 52.
65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.
Analyst Upgrades and Downgrades A number of brokerages recently issued reports on AMZN. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price target on shares of Amazon.
com in a research note on Monday, September 23rd. Truist Financial lifted their price target on shares of Amazon.com from $220.
00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $215.
00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $210.
00 target price on shares of Amazon.com in a research note on Thursday, September 12th. Finally, Evercore ISI boosted their target price on shares of Amazon.
com from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, September 20th.
One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $222.84.
View Our Latest Research Report on Amazon.com Insiders Place Their Bets In other Amazon.com news, CEO Andrew R.
Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.
68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18.
The transaction was disclosed in a filing with the SEC, which is available through this link . In other Amazon.com news, CFO Brian T.
Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.
00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The transaction was disclosed in a filing with the SEC, which is available through this link .
Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.
77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.
18. The disclosure for this sale can be found here . Over the last three months, insiders have sold 6,101,797 shares of company stock worth $1,220,129,922.
10.80% of the stock is owned by corporate insiders. 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 Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.
com, Inc. ( NASDAQ:AMZN – Free Report ). 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 .
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