10 hours Ago By ABMN Staff
Hansen & Associates Financial Group Inc. bought a new stake in Amazon.com, Inc.
( NASDAQ:AMZN ) during the fourth quarter, Holdings Channel reports. The institutional investor bought 31,579 shares of the e-commerce giant’s stock, valued at approximately $7,066,000. Amazon.
com accounts for 3.6% of Hansen & Associates Financial Group Inc.’s holdings, making the stock its 7th largest holding.
A number of other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in shares of Amazon.com by 20,897.
2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Amazon.
com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after buying an additional 11,391,479 shares in the last quarter.
State Street Corp grew its stake in shares of Amazon.com by 3.3% in the 3rd quarter.
State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 3.
4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, B.
Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Amazon.
com in the 3rd quarter valued at approximately $492,144,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts recently commented on AMZN shares. Bank of America boosted their price target on Amazon.com from $210.
00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. DA Davidson boosted their price target on Amazon.
com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th.
BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd.
Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.
00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho upped their target price on Amazon.com from $240.
00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.
Insider Transactions at Amazon.com In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.
85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.
55. The trade was a 4.70 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd.
The shares were sold at an average price of $210.00, for a total transaction of $735,000.00.
Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 40,852 shares of company stock valued at $9,324,151 over the last three months. 10.
80% of the stock is currently owned by corporate insiders. Amazon.com Stock Performance AMZN stock opened at $216.
58 on Friday. The company has a 50 day moving average price of $227.88 and a 200 day moving average price of $203.
96. Amazon.com, Inc.
has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.
87. The stock has a market capitalization of $2.30 trillion, a PE ratio of 39.
16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Amazon.com, Inc.
will post 6.31 EPS for the current year. Amazon.
com Company 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. Read More 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 .
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