10 hours Ago By ABMN Staff
Boomfish Wealth Group LLC decreased its position in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 3.
7% in the fourth quarter, HoldingsChannel reports. The firm owned 14,914 shares of the e-commerce giant’s stock after selling 576 shares during the quarter. Amazon.
com accounts for approximately 2.0% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 8th largest holding. Boomfish Wealth Group LLC’s holdings in Amazon.
com were worth $3,272,000 at the end of the most recent quarter. A number of other institutional investors have also recently made changes to their positions in AMZN. Accordant Advisory Group Inc grew its position in Amazon.
com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter.
Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% in the third quarter.
Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the third quarter worth about $37,000.
Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter worth about $45,000. Finally, Values First Advisors Inc.
purchased a new position in Amazon.com in the third quarter worth about $56,000. Hedge funds and other institutional investors own 72.
20% of the company’s stock. Analyst Upgrades and Downgrades Several research firms recently commented on AMZN. Benchmark lifted their price target on Amazon.
com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th.
Morgan Stanley raised their price objective 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. Sanford C. Bernstein raised their price objective on shares of Amazon.
com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th.
Oppenheimer raised their price objective on shares of Amazon.com from $230.00 to $260.
00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus raised their price objective on shares of Amazon.com from $245.
00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.74. Insider Activity at Amazon.
com In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.
27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.
09. The trade was a 5.24 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.
85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.
55. This trade represents a 4.70 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 40,852 shares of company stock worth $9,324,151 over the last three months. Company insiders own 10.
80% of the company’s stock. Amazon.com Price Performance Shares of AMZN opened at $216.
58 on Friday. The firm has a market capitalization of $2.30 trillion, a PE ratio of 39.
16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15.
The company’s fifty day moving average price is $227.88 and its 200-day moving average price is $203.96.
Amazon.com, Inc. has a 1-year low of $151.
61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.
18, a current ratio of 1.06 and a quick ratio of 0.87.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34.
Amazon.com had a net margin of 9.29% and a return on equity of 24.
25%. On average, equities research analysts predict that Amazon.com, Inc.
will post 6.31 EPS for the current 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. See Also 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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