1 week Ago By Defense World Staff
KG&L Capital Management LLC boosted its stake in Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 12.
5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,991 shares of the e-commerce giant’s stock after buying an additional 6,992 shares during the period. Amazon.
com accounts for approximately 3.8% of KG&L Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. KG&L Capital Management LLC’s holdings in Amazon.
com were worth $11,737,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Meridian Investment Counsel Inc.
grew its position in Amazon.com by 1.8% during the 2nd quarter.
Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares during the last quarter. O Connor Financial Group LLC increased its stake in shares of Amazon.
com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after buying an additional 55 shares in the last quarter.
Cherrydale Wealth Management LLC raised its holdings in shares of Amazon.com by 0.7% in the third quarter.
Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 55 shares during the last quarter. Cedar Point Capital Partners LLC lifted its position in Amazon.com by 4.
4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares in the last quarter. Finally, Mason & Associates Inc increased its position in Amazon.
com by 0.4% in the 2nd quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant’s stock valued at $2,595,000 after acquiring an additional 57 shares in the last quarter.
Institutional investors and hedge funds own 72.20% of the company’s stock. Analysts Set New Price Targets Several equities research analysts have weighed in on AMZN shares.
The Goldman Sachs Group increased their target price on shares of Amazon.com from $230.00 to $240.
00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group raised their target price on shares of Amazon.com from $220.
00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group lifted their price target on shares of Amazon.
com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.
Benchmark boosted their price objective on shares of Amazon.com from $200.00 to $215.
00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Scotiabank lifted their price target on Amazon.com from $245.
00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $237.42.
Insider Transactions at Amazon.com In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th.
The stock was sold at an average price of $199.06, for a total value of $246,237.22.
Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.
73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.
com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.
35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55.
The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 over the last three months. 10.80% of the stock is currently owned by company insiders.
Amazon.com Price Performance Shares of Amazon.com stock opened at $230.
26 on Thursday. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 49.
31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.
Amazon.com, Inc. has a one year low of $144.
05 and a one year high of $231.20. The company has a debt-to-equity ratio of 0.
21, a current ratio of 1.09 and a quick ratio of 0.87.
The business’s 50 day simple moving average is $198.98 and its two-hundred day simple moving average is $188.78.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.
43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29.
The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion.
Amazon.com had a net margin of 8.04% and a return on equity of 22.
41%. Amazon.com’s revenue was up 11.
0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share.
Analysts forecast that Amazon.com, Inc. will post 5.
29 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.
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