2 weeks Ago By Defense World Staff
Gulf International Bank UK Ltd lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.
4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,633 shares of the e-commerce giant’s stock after selling 2,689 shares during the period. Amazon.
com comprises about 4.1% of Gulf International Bank UK Ltd’s portfolio, making the stock its 4th largest holding. Gulf International Bank UK Ltd’s holdings in Amazon.
com were worth $161,609,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc increased its position 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 acquiring an additional 100 shares during the last quarter.
Compass Planning Associates Inc bought a new position in Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC increased its position in shares of Amazon.
com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter.
Iron Horse Wealth Management LLC raised its stake in shares of Amazon.com by 64.4% during the 4th quarter.
Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares in the last quarter. Finally, Sycomore Asset Management boosted its holdings in shares of Amazon.com by 100.
0% in the 4th quarter. Sycomore Asset Management now owns 300 shares of the e-commerce giant’s stock valued at $66,000 after buying an additional 150 shares during the last quarter. 72.
20% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their BetsIn related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th.
The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00.
Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st.
The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60.
Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.
97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828.
10.80% of the stock is currently owned by corporate insiders. Amazon.
com Stock Down 4.3 %Shares of AMZN opened at $192.72 on Friday.
The firm has a 50 day simple moving average of $216.86 and a two-hundred day simple moving average of $209.08.
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 one year low of $151.61 and a one year high of $242.52.
The company has a market cap of $2.04 trillion, a P/E ratio of 34.85, 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, topping 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%.
Research analysts forecast that Amazon.com, Inc. will post 6.
31 EPS for the current fiscal year. Analysts Set New Price TargetsA number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of Amazon.
com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th.
Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.
com in a report on Friday, February 7th. HSBC raised their target price on shares of Amazon.com from $225.
00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Robert W.
Baird boosted their price target on Amazon.com from $220.00 to $260.
00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.
com in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.Get Our Latest Stock Report on Amazon.
comAmazon.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.Featured ArticlesFive stocks we like better than Amazon.
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(NASDAQ:AMZN – Free Report)..
