1 week Ago By Defense World Staff
Mesirow Financial Investment Management Inc. lifted its position in Amazon.com, Inc.
(NASDAQ:AMZN) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,887 shares of the e-commerce giant’s stock after acquiring an additional 777 shares during the quarter.
Amazon.com accounts for approximately 1.8% of Mesirow Financial Investment Management Inc.
’s investment portfolio, making the stock its 10th largest holding. Mesirow Financial Investment Management Inc.’s holdings in Amazon.
com were worth $91,680,000 at the end of the most recent quarter. A number of other hedge funds also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc raised its holdings in Amazon.
com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter.
Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC boosted its stake in Amazon.
com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter.
Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com in the fourth quarter worth $54,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Amazon.
com by 64.4% during the fourth 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.
72.20% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Amazon.
comIn other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction on Friday, February 21st.
The stock was sold at an average price of $223.14, for a total value of $3,262,306.80.
Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.
com 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09.
This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here.
In the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.
Analysts Set New Price TargetsA number of analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Amazon.
com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.
Westpark Capital initiated coverage on Amazon.com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.
00 price target for the company. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th.
Benchmark increased their price objective on shares of Amazon.com from $215.00 to $265.
00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.
com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.
com has an average rating of “Moderate Buy” and an average price target of $260.53.Read Our Latest Analysis on AMZNAmazon.
com Stock Up 2.5 %Shares of AMZN opened at $175.26 on Tuesday.
The stock has a 50 day moving average price of $210.97 and a 200 day moving average price of $209.12.
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 stock has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 31.
69, a PEG ratio of 1.50 and a beta of 1.39.
Amazon.com, Inc. has a one year low of $151.
61 and a one year high of $242.52. Amazon.
com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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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com, Inc. (NASDAQ:AMZN – Free Report)..
