10 hours Ago By ABMN Staff
CMG Global Holdings LLC decreased its position in Amazon.com, Inc. ( NASDAQ:AMZN ) by 4.
5% during the 4th quarter, Holdings Channel reports. The firm owned 21,442 shares of the e-commerce giant’s stock after selling 1,005 shares during the quarter. Amazon.
com makes up 2.8% of CMG Global Holdings LLC’s investment portfolio, making the stock its 8th biggest holding. CMG Global Holdings LLC’s holdings in Amazon.
com were worth $5,039,000 as of its most recent filing with the SEC. Several other large investors have also made changes to their positions in AMZN. Fiera Capital Corp lifted its position in Amazon.
com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares in the last quarter.
Beck Bode LLC acquired a new position in Amazon.com during the 2nd quarter worth about $651,000. Clear Point Advisors Inc.
lifted its position in Amazon.com by 3.2% during the 2nd quarter.
Clear Point Advisors Inc. now owns 5,176 shares of the e-commerce giant’s stock worth $1,000,000 after buying an additional 160 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in Amazon.
com by 2.5% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 2,722,578 shares of the e-commerce giant’s stock worth $526,138,000 after buying an additional 66,598 shares in the last quarter.
Finally, Fred Alger Management LLC lifted its position in Amazon.com by 1.7% during the 2nd quarter.
Fred Alger Management LLC now owns 6,521,736 shares of the e-commerce giant’s stock worth $1,260,325,000 after buying an additional 108,494 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Insider Buying and Selling at Amazon.com In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th.
The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35.
Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.
70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, CEO Douglas J.
Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.
00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.
66 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 40,852 shares of company stock valued at $9,324,151 in the last quarter.
10.80% of the stock is currently owned by insiders. Amazon.
com Price Performance Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its quarterly 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 return on equity of 24.25% and a net margin of 9.
29%. On average, research analysts expect that Amazon.com, Inc.
will post 6.31 EPS for the current fiscal year. Wall Street Analyst Weigh In Several research analysts recently issued reports on the stock.
Susquehanna upped their price target on shares of Amazon.com from $220.00 to $230.
00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Wells Fargo & Company cut their target price on shares of Amazon.com from $212.
00 to $207.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co.
upped their target price on shares of Amazon.com from $250.00 to $280.
00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.
00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Moffett Nathanson upped their target price on shares of Amazon.
com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th.
Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.
74. Check Out Our Latest Research Report on AMZN 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.
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