1 week Ago By Defense World Staff
Old North State Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 3.
3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,508 shares of the e-commerce giant’s stock after acquiring an additional 1,198 shares during the period. Amazon.
com comprises approximately 3.9% of Old North State Wealth Management LLC’s holdings, making the stock its 3rd largest position. Old North State Wealth Management LLC’s holdings in Amazon.
com were worth $6,989,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Meridian Investment Counsel Inc.
lifted its position in shares of Amazon.com by 1.8% during the second quarter.
Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the last quarter. O Connor Financial Group LLC raised its stake in shares of Amazon.
com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after acquiring an additional 55 shares in the last quarter.
Cherrydale Wealth Management LLC lifted its position in Amazon.com by 0.7% during the third quarter.
Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares during the last quarter. Cedar Point Capital Partners LLC boosted its stake in Amazon.com by 4.
4% in the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock valued at $247,000 after acquiring an additional 56 shares in the last quarter. Finally, Mason & Associates Inc grew its holdings in Amazon.
com by 0.4% in the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant’s stock worth $2,595,000 after purchasing an additional 57 shares during the last quarter.
72.20% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of research firms have recently weighed in on AMZN.
UBS Group raised their price objective on Amazon.com from $220.00 to $223.
00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price target on shares of Amazon.
com in a report on Wednesday, November 20th. Jefferies Financial Group upped their price objective on shares of Amazon.com from $225.
00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Maxim Group lifted their target price on shares of Amazon.
com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.
Finally, The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.
00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.
com has an average rating of “Moderate Buy” and an average target price of $237.42. Insiders Place Their Bets In related news, insider Jeffrey P.
Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.
70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60.
This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.
00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900.
This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Insiders own 10.80% of the company’s stock.
Amazon.com Stock Up 2.3 % AMZN opened at $230.
26 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.
09 and a debt-to-equity ratio of 0.21. Amazon.
com, Inc. has a twelve month low of $144.05 and a twelve month high of $231.
20. The company has a market cap of $2.42 trillion, a PE ratio of 49.
31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.
The company has a 50-day moving average price of $198.98 and a 200 day moving average price of $188.78.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.
43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29.
The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion.
Amazon.com had a net margin of 8.04% and a return on equity of 22.
41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year.
During the same period in the prior year, the business earned $0.85 earnings per share. Sell-side analysts expect that Amazon.
com, Inc. will post 5.29 earnings per share for the current fiscal year.
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. Further Reading Five stocks we like better than Amazon.
com Top Stocks Investing in 5G Technology The Great CPU Race: AMD and Intel Battle for Dominance Expert Stock Trading Psychology Tips GameStop Turns a Profit: So What? It’s Still Not Worth Investing Airline Stocks – Top Airline Stocks to Buy Now C3.ai Stock Surges on Strong Sales Despite Profit Concerns 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 ..
