10 hours Ago By ABMN Staff
Hartford Financial Management Inc. trimmed its position in shares of Amazon.com, Inc.
( NASDAQ:AMZN ) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,680 shares of the e-commerce giant’s stock after selling 242 shares during the quarter.
Hartford Financial Management Inc.’s holdings in Amazon.com were worth $4,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.
com by 7.9% during the 3rd quarter. Rench Wealth Management Inc.
now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Amazon.com by 9.
7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Blankinship & Foster LLC raised its stake in shares of Amazon.
com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares in the last quarter.
Umpqua Bank raised its stake in shares of Amazon.com by 0.4% in the 3rd quarter.
Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $4,270,000.
72.20% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on AMZN shares.
Mizuho raised their price objective on Amazon.com from $240.00 to $260.
00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. TD Cowen raised their price objective on Amazon.com from $240.
00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities raised their price objective on Amazon.
com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th.
Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th.
Finally, DA Davidson lifted their price target on Amazon.com from $235.00 to $280.
00 and gave the stock a “buy” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.
74. Insiders Place Their Bets In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’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 in the company, valued at $20,273,459.
55. The trade was a 4.70 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th.
The stock was sold at an average price of $230.27, for a total value of $6,332,425.00.
Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.
24 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 40,852 shares of company stock valued at $9,324,151.
10.80% of the stock is currently owned by corporate insiders. Amazon.
com Price Performance Amazon.com stock opened at $216.58 on Friday.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.
06. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.
16, a P/E/G ratio of 1.57 and a beta of 1.15.
The business’s fifty day moving average is $227.88 and its two-hundred day moving average is $203.96.
Amazon.com, Inc. has a 52 week low of $151.
61 and a 52 week high of $242.52. Amazon.
com ( NASDAQ:AMZN – Get Free Report ) last posted its quarterly earnings data 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%.
Equities research analysts forecast that Amazon.com, Inc. will post 6.
31 earnings per share for the current fiscal year. 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.
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