1 week Ago By Defense World Staff
Aviance Capital Partners LLC grew its holdings in Amazon.com, Inc. ( NASDAQ:AMZN ) by 1.
1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,220 shares of the e-commerce giant’s stock after purchasing an additional 1,409 shares during the quarter. Amazon.
com makes up 3.8% of Aviance Capital Partners LLC’s portfolio, making the stock its 3rd biggest position. Aviance Capital Partners LLC’s holdings in Amazon.
com were worth $27,691,000 as of its most recent SEC filing. Several other hedge funds have also recently modified their holdings of the business. AMG National Trust Bank increased its holdings in Amazon.
com by 1.4% during the fourth quarter. AMG National Trust Bank now owns 127,273 shares of the e-commerce giant’s stock valued at $28,088,000 after buying an additional 1,735 shares during the period.
Babb Wealth Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at $293,000. Beam Wealth Advisors Inc.
increased its holdings in shares of Amazon.com by 2.5% in the 4th quarter.
Beam Wealth Advisors Inc. now owns 13,121 shares of the e-commerce giant’s stock valued at $2,879,000 after acquiring an additional 317 shares during the period. Berkshire Asset Management LLC PA raised its position in shares of Amazon.
com by 4.1% in the 4th quarter. Berkshire Asset Management LLC PA now owns 33,041 shares of the e-commerce giant’s stock worth $7,760,000 after acquiring an additional 1,307 shares in the last quarter.
Finally, Bradyco Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth $8,719,000.
Hedge funds and other institutional investors own 72.20% of the company’s stock. Analyst Ratings Changes AMZN has been the topic of several analyst reports.
Sanford C. Bernstein lifted their target price on Amazon.com from $235.
00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and set a $265.
00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th.
Citigroup reissued a “buy” rating on shares of Amazon.com in a research report on Thursday. Benchmark lifted their price target on shares of Amazon.
com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.
Finally, HSBC increased their price objective on Amazon.com from $225.00 to $270.
00 and gave the company a “buy” rating in a report on Monday, January 13th. Two equities research 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 company’s stock. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.53. Amazon.
com Price Performance Amazon.com stock opened at $175.26 on Tuesday.
The stock has a market capitalization of $1.86 trillion, a P/E ratio of 31.69, a P/E/G ratio of 1.
50 and a beta of 1.39. The company’s fifty day moving average price is $210.
97 and its 200 day moving average price is $209.12. The company has a debt-to-equity ratio of 0.
18, a quick ratio of 0.87 and a current ratio of 1.06.
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 announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
52 by $0.34. Amazon.
com had a net margin of 9.29% and a return on equity of 24.25%.
As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.
31 earnings per share for the current fiscal year. Insider Buying and Selling In related news, 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 directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th.
The shares were sold at an average price of $230.27, for a total value of $6,332,425.00.
Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.
24 % decrease in their position. The disclosure for this sale can be found here . In the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803.
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 Five stocks we like better than Amazon.com How to Calculate Return on Investment (ROI) Options Activity Points to More Volatility for Palantir Stock Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? What Does a Stock Split Mean? MicroStrategy Sees Insider Buy-Sell Action in Q1 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 ).
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 ..
