1 day Ago By Defense World Staff
New Millennium Group LLC raised its holdings in Amazon.com, Inc. ( NASDAQ:AMZN ) by 10.
2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,221 shares of the e-commerce giant’s stock after buying an additional 1,966 shares during the period. Amazon.
com accounts for about 2.7% of New Millennium Group LLC’s portfolio, making the stock its 11th largest holding. New Millennium Group LLC’s holdings in Amazon.
com were worth $4,101,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rooted Wealth Advisors Inc.
increased its stake in shares of Amazon.com by 7.5% during the 2nd quarter.
Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock worth $1,378,000 after purchasing an additional 524 shares during the last quarter. First Heartland Consultants Inc.
increased its stake in shares of Amazon.com by 13.4% during the 2nd quarter.
First Heartland Consultants Inc. now owns 72,243 shares of the e-commerce giant’s stock worth $13,961,000 after purchasing an additional 8,557 shares during the last quarter. Addison Capital Co increased its stake in shares of Amazon.
com by 6.5% during the 2nd quarter. Addison Capital Co now owns 16,691 shares of the e-commerce giant’s stock worth $3,226,000 after purchasing an additional 1,013 shares during the last quarter.
Raymond James Trust CO. of NH acquired a new position in shares of Amazon.com during the 2nd quarter worth about $220,000.
Finally, MinichMacGregor Wealth Management LLC increased its stake in shares of Amazon.com by 1.7% during the 2nd quarter.
MinichMacGregor Wealth Management LLC now owns 9,481 shares of the e-commerce giant’s stock worth $1,832,000 after purchasing an additional 163 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Price Performance Shares of NASDAQ:AMZN opened at $186.88 on Wednesday.
The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.35, a PEG ratio of 1.
39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.
23, a current ratio of 1.10 and a quick ratio of 0.88.
The firm has a 50 day simple moving average of $178.97 and a 200 day simple moving average of $181.80.
Amazon.com, Inc. has a one year low of $118.
35 and a one year high of $201.20. Insider Activity at Amazon.
com In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st.
The shares were sold at an average price of $195.99, for a total value of $685,965.00.
Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink .
In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st.
The shares were sold at an average price of $180.00, for a total value of $2,628,000.00.
Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Also, CEO Douglas J.
Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.
00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47.
The disclosure for this sale can be found here . Insiders sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 in the last quarter. Insiders own 10.
80% of the company’s stock. Analysts Set New Price Targets Several research analysts have recently weighed in on AMZN shares. Bank of America lowered their price objective on shares of Amazon.
com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd.
Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th.
Robert W. Baird upped their price target on shares of Amazon.com from $210.
00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Wedbush reiterated an “outperform” rating and issued a $225.
00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Finally, TD Cowen upped their price target on shares of Amazon.
com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th.
One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.
49. Check Out Our Latest Report on Amazon.com About Amazon.
com ( 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 Five stocks we like better than Amazon.com Comparing and Trading High PE Ratio Stocks Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Learn Technical Analysis Skills to Master the Stock Market Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Most Volatile Stocks, What Investors Need to Know Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.
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