22 hours Ago By Defense World Staff
Tower View Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.
6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,770 shares of the e-commerce giant’s stock after buying an additional 454 shares during the period. Amazon.
com comprises about 3.3% of Tower View Wealth Management LLC’s holdings, making the stock its 8th largest holding. Tower View Wealth Management LLC’s holdings in Amazon.
com were worth $6,312,000 at the end of the most recent reporting period. Other institutional investors have also modified their holdings of the company. Accordant Advisory Group Inc increased its stake 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 worth $27,000 after buying an additional 100 shares during the period.
Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% during 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 during the period. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.
8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.
com in the fourth quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC grew its stake in Amazon.com by 64.
4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares in the last quarter. 72.
20% of the stock is owned by institutional investors and hedge funds. Insiders Place Their BetsIn related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.
com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.
00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link.
Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.
14, for a total value of $3,262,306.80. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here.
In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.
Amazon.com Stock PerformanceNASDAQ:AMZN opened at $192.17 on Wednesday.
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 firm has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.
75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.
The firm’s fifty day moving average price is $215.38 and its 200 day moving average price is $209.31.
Amazon.com, Inc. has a 1-year low of $151.
61 and a 1-year high of $242.52. Amazon.
com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that Amazon.com, Inc. will post 6.
31 EPS for the current year. Analyst Ratings ChangesA number of equities research analysts have issued reports on AMZN shares. Jefferies Financial Group reduced their price target on Amazon.
com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday.
Mizuho upped their target price on shares of Amazon.com from $240.00 to $260.
00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price target 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. Roth Mkm increased their price objective on shares of Amazon.
com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th.
Finally, Raymond James raised their price objective on shares of Amazon.com from $260.00 to $275.
00 in a report on Monday, February 10th. Two equities 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 company. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.53.Check Out Our Latest Research Report on Amazon.
comAbout 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.Featured ArticlesFive stocks we like better than Amazon.
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