1 day Ago By ABMN Staff
IMA Advisory Services Inc. grew its position in Amazon.com, Inc.
( NASDAQ:AMZN ) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,282 shares of the e-commerce giant’s stock after purchasing an additional 542 shares during the quarter.
Amazon.com makes up 1.4% of IMA Advisory Services Inc.
’s investment portfolio, making the stock its 19th largest position. IMA Advisory Services Inc.’s holdings in Amazon.
com were worth $6,045,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Collective Family Office LLC raised its stake in Amazon.
com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares in the last quarter.
Phillips Wealth Planners LLC raised its stake in Amazon.com by 9.2% during the 1st quarter.
Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Amazon.com during the 4th quarter worth $5,926,000.
Clearstead Trust LLC raised its stake in Amazon.com by 25.8% during the 4th quarter.
Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after acquiring an additional 13,454 shares in the last quarter. Finally, Summa Corp. acquired a new stake in Amazon.
com during the 4th quarter worth $1,506,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Performance Shares of AMZN opened at $186.88 on Wednesday.
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 stock has a market cap of $1.94 trillion, a P/E ratio of 52.
35, a PEG ratio of 1.39 and a beta of 1.14.
The company has a 50-day moving average of $178.97 and a two-hundred day moving average of $181.80.
Amazon.com, Inc. has a 12-month low of $118.
35 and a 12-month high of $201.20. Wall Street Analyst Weigh In Several research analysts have issued reports on the stock.
Wells Fargo & Company lowered their price objective on shares of Amazon.com from $232.00 to $225.
00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Bank of America lowered their price objective on shares of Amazon.com from $220.
00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Itau BBA Securities downgraded shares of Amazon.
com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd.
Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th.
Finally, JMP Securities raised their price objective on shares of Amazon.com from $245.00 to $265.
00 and gave the stock a “market outperform” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Amazon.
com currently has an average rating of “Buy” and an average price target of $222.49. Check Out Our Latest Research Report on Amazon.
com Insiders Place Their Bets In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.
com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.
00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
In other news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.
00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000.
The transaction was disclosed in a document filed with the SEC, which is accessible through this link . Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st.
The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68.
Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here .
Over the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.
About 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. Read More 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 ).
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