1 week Ago By ABMN Staff
Babb Wealth Advisors LLC bought a new position in Amazon.com, Inc. ( NASDAQ:AMZN ) during the fourth quarter, HoldingsChannel.
com reports. The institutional investor bought 1,335 shares of the e-commerce giant’s stock, valued at approximately $293,000. Amazon.
com accounts for 0.2% of Babb Wealth Advisors LLC’s portfolio, making the stock its 17th biggest position. Other hedge funds have also added to or reduced their stakes in the company.
Swedbank AB increased its stake in shares of Amazon.com by 1.4% in the third quarter.
Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in Amazon.com in the 3rd quarter worth $279,000.
Howard Capital Management Group LLC increased its position in shares of Amazon.com by 0.3% in the third quarter.
Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after acquiring an additional 897 shares during the period. Meridian Management Co. raised its stake in shares of Amazon.
com by 27.6% during the third quarter. Meridian Management Co.
now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC boosted its holdings in shares of Amazon.com by 4.
3% during the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after purchasing an additional 225 shares during the period. 72.
20% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of brokerages recently issued reports on AMZN. Royal Bank of Canada boosted their price target on Amazon.
com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th.
Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.
00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein upped their target price on Amazon.
com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th.
Wells Fargo & Company cut their price target on shares of Amazon.com from $207.00 to $203.
00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.
com in a report on Friday, February 7th. Two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.
53. Amazon.com Stock Performance AMZN stock opened at $175.
26 on Tuesday. The company has a market cap of $1.86 trillion, a P/E ratio of 31.
69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.
87. Amazon.com, Inc.
has a 1 year low of $151.61 and a 1 year high of $242.52.
The stock’s fifty day moving average price is $210.97 and its 200-day moving average price is $209.12.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34.
Amazon.com had a return on equity of 24.25% and a net margin of 9.
29%. On average, equities analysts forecast that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Insider Buying and Selling at Amazon.
com In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.
27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.
09. The trade was a 5.24 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s 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 in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 104,798 shares of company stock valued at $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.
Featured Stories 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 ..
