1 day Ago By ABMN Staff
Catalyst Financial Partners LLC raised its stake in Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 10.
2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,053 shares of the e-commerce giant’s stock after buying an additional 3,968 shares during the period. Amazon.
com makes up about 1.8% of Catalyst Financial Partners LLC’s investment portfolio, making the stock its 12th largest holding. Catalyst Financial Partners LLC’s holdings in Amazon.
com were worth $8,320,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc.
lifted its holdings in shares of Amazon.com by 1.9% during the first quarter.
Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Norges Bank purchased a new position in Amazon.
com in the 4th quarter worth about $17,700,551,000. Capital Research Global Investors raised its holdings in Amazon.com by 8.
5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Jennison Associates LLC lifted its stake in Amazon.
com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amazon.com by 3.
0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after buying an additional 1,525,922 shares during the period.
Institutional investors and hedge funds own 72.20% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on AMZN.
Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd.
Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd.
BMO Capital Markets increased their price objective on Amazon.com from $220.00 to $230.
00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Stifel Nicolaus lowered their target price on Amazon.com from $228.
00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays raised their price objective on shares of Amazon.
com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd.
One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $222.
49. Amazon.com Trading Up 1.
1 % AMZN stock opened at $186.88 on Wednesday. Amazon.
com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.
20. 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 business’s 50 day moving average is $178.
97 and its 200-day moving average is $181.80. The firm has a market cap of $1.
94 trillion, a P/E ratio of 52.35, a P/E/G ratio of 1.39 and a beta of 1.
14. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its earnings results on Thursday, August 1st.
The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.
18. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.
63 billion. Amazon.com had a net margin of 7.
35% and a return on equity of 21.39%. Equities analysts anticipate that Amazon.
com, Inc. will post 4.86 earnings per share for the current fiscal year.
Insider Activity In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.
00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.
00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th.
The stock was sold at an average price of $200.07, for a total value of $617,239,158.12.
Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by corporate insiders.
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. Featured Articles Receive News & Ratings for Amazon.
com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
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