2 weeks Ago By Defense World Staff
HFR Wealth Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.
3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,983 shares of the e-commerce giant’s stock after selling 1,298 shares during the quarter. Amazon.
com comprises 5.3% of HFR Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. HFR Wealth Management LLC’s holdings in Amazon.
com were worth $21,496,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc increased its position in Amazon.
com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period.
Icon Wealth Advisors LLC boosted its stake in shares of Amazon.com by 20.5% during the 3rd quarter.
Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.
8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Compass Planning Associates Inc bought a new position in Amazon.
com in the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth about $54,000.
Institutional investors own 72.20% of the company’s stock. Amazon.
com Trading Down 9.0 %Shares of Amazon.com stock opened at $178.
41 on Friday. Amazon.com, Inc.
has a 1-year low of $151.61 and a 1-year high of $242.52.
The company’s fifty day simple moving average is $213.46 and its 200-day simple moving average is $209.01.
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.
87. The stock has a market capitalization of $1.89 trillion, a PE ratio of 32.
26, a P/E/G ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Insider Buying and SellingIn other Amazon.
com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 directly owns 509,474 shares in the company, valued at $95,776,017.
26. This represents a 0.49 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction on Friday, February 21st.
The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80.
Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.
80% of the stock is owned by corporate insiders. Wall Street Analysts Forecast GrowthAMZN has been the topic of a number of research analyst reports. Phillip Securities downgraded Amazon.
com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Tigress Financial upped their price target on Amazon.com from $245.
00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Loop Capital raised their price objective on Amazon.
com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th.
Royal Bank of Canada upped their target price on shares of Amazon.com from $255.00 to $265.
00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Benchmark lifted their price target on shares of Amazon.com from $215.
00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.53.
Get Our Latest Report on AMZNAbout Amazon.com (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.Further ReadingFive stocks we like better than Amazon.
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