2 weeks Ago By Defense World Staff
Charles Schwab Investment Management Inc. increased its stake in Amazon.com, Inc.
(NASDAQ:AMZN – Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,638,207 shares of the e-commerce giant’s stock after purchasing an additional 2,330,113 shares during the period.
Amazon.com accounts for about 2.4% of Charles Schwab Investment Management Inc.
’s portfolio, making the stock its 4th largest position. Charles Schwab Investment Management Inc. owned about 0.
57% of Amazon.com worth $13,084,026,000 as of its most recent filing with the Securities & Exchange Commission. Other large investors also recently bought and sold shares of the company.
Accordant Advisory Group Inc raised its stake in shares of 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 purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted 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 valued at $28,000 after buying an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC increased its holdings in Amazon.
com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period.
Compass Planning Associates Inc purchased a new position in Amazon.com during the 4th quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.
com during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider ActivityIn other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st.
The shares were sold at an average price of $187.99, for a total transaction 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. This trade represents a 0.
49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.
com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.
51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60.
This represents a 6.87 % 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 90 days. Company insiders own 10.80% of the company’s stock.
Amazon.com Stock Down 9.0 %Shares of NASDAQ:AMZN opened at $178.
41 on Friday. Amazon.com, Inc.
has a 52-week low of $151.61 and a 52-week high of $242.52.
The stock has a market cap of $1.89 trillion, a P/E ratio of 32.26, a PEG ratio of 1.
50 and a beta of 1.19. The business has a fifty day moving average of $213.
46 and a two-hundred day moving average of $209.01. The company has a quick ratio of 0.
87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data 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, research analysts expect that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Analyst Upgrades and DowngradesAMZN has been the subject of several recent research reports.
DA Davidson raised their target price on shares of Amazon.com from $235.00 to $280.
00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group lifted their price objective on Amazon.com from $230.
00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Sanford C.
Bernstein upped their target price on Amazon.com from $235.00 to $265.
00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price target on Amazon.com from $255.
00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.
com in a report on Thursday, February 13th. Two 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 company. Based on data from MarketBeat.
com, the stock has an average rating of “Moderate Buy” and an average target price of $260.53.Read Our Latest Analysis on Amazon.
comAmazon.com 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 AlsoFive stocks we like better than Amazon.
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