2 weeks Ago By Defense World Staff
Resolute Wealth Strategies LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.
9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,473 shares of the e-commerce giant’s stock after selling 419 shares during the quarter. Amazon.
com accounts for approximately 5.0% of Resolute Wealth Strategies LLC’s investment portfolio, making the stock its 3rd biggest position. Resolute Wealth Strategies LLC’s holdings in Amazon.
com were worth $9,757,000 at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its holdings in shares of Amazon.
com by 400.0% in the fourth 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 in the last quarter.
Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% in the 3rd quarter.
Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew 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 worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in shares of Amazon.
com during the fourth quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $54,000.
72.20% of the stock is owned by institutional investors and hedge funds. Amazon.
com Price PerformanceShares of AMZN opened at $178.41 on Friday. The company has a current ratio of 1.
06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.
The stock’s 50 day moving average is $213.46 and its two-hundred day moving average is $209.01.
Amazon.com, Inc. has a twelve month low of $151.
61 and a twelve month high of $242.52. The firm 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 posted its quarterly earnings results on Thursday, February 6th.
The e-commerce giant reported $1.86 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%. Research analysts anticipate that Amazon.
com, Inc. will post 6.31 earnings per share for the current year.
Analyst Ratings ChangesSeveral equities research analysts have weighed in on AMZN shares. JPMorgan Chase & Co. upped their price target on Amazon.
com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th.
Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th.
Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Oppenheimer boosted their price target on shares of Amazon.
com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.
Finally, JMP Securities set a $285.00 price objective on shares of Amazon.com in a report on Thursday, March 27th.
Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.
com currently has an average rating of “Moderate Buy” and a consensus target price of $260.53.View Our Latest Stock Report on Amazon.
comInsider Buying and Selling at Amazon.comIn other Amazon.com news, CFO Brian T.
Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The shares were 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 directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This trade represents a 22.
98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J.
Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.
00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26.
This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here.
Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company 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.Read MoreFive stocks we like better than Amazon.
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