2 weeks Ago By ABMN Staff
Global Strategic Investment Solutions LLC lowered its stake in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 9.
0% during the fourth quarter, HoldingsChannel reports. The firm owned 6,795 shares of the e-commerce giant’s stock after selling 674 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Amazon.
com were worth $1,491,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Rench Wealth Management Inc.
increased its position in Amazon.com by 7.9% during the third quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Blankinship & Foster LLC boosted its stake in shares of Amazon.
com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after acquiring an additional 4,740 shares during the period.
Umpqua Bank boosted its stake in shares of Amazon.com by 0.4% during the 3rd quarter.
Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares during the period. One Wealth Capital Management LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $4,270,000.
Finally, Floyd Financial Group LLC bought a new stake in Amazon.com in the 4th quarter valued at $4,494,000. Institutional investors own 72.
20% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have commented on the stock. Mizuho upped their price objective on shares of Amazon.
com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th.
JPMorgan Chase & Co. lifted their target price on shares of 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 reissued an “outperform” rating and issued a $275.
00 price target on shares of Amazon.com in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $265.
00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th.
Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th.
Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.53.
Amazon.com Stock Performance Shares of AMZN stock opened at $178.41 on Friday.
The business’s 50-day moving average price is $213.46 and its 200-day moving average price is $209.01.
The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.
18. Amazon.com, Inc.
has a 12 month low of $151.61 and a 12 month high of $242.52.
The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.
50 and a beta of 1.19. 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 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%.
Equities research analysts forecast that Amazon.com, Inc. will post 6.
31 EPS for the current year. Insiders Place Their Bets In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st.
The stock was sold at an average price of $187.99, for a total transaction of $469,975.00.
Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction that occurred on Monday, February 24th.
The shares were sold at an average price of $217.50, for a total value of $4,178,610.00.
Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.
80% of the stock is currently owned by company insiders. Amazon.com Profile ( 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.
See Also 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.
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