2 weeks Ago By ABMN Staff
Oppenheimer Asset Management Inc. cut its position in Amazon.com, Inc.
( NASDAQ:AMZN ) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 836,093 shares of the e-commerce giant’s stock after selling 95,108 shares during the quarter.
Amazon.com accounts for 2.2% of Oppenheimer Asset Management Inc.
’s holdings, making the stock its 2nd largest holding. Oppenheimer Asset Management Inc.’s holdings in Amazon.
com were worth $183,430,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc increased its stake in Amazon.
com by 400.0% during 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 during the period.
Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% in the third quarter.
Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC grew its holdings in shares of 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 purchasing an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.
com during the 4th quarter worth approximately $51,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Amazon.com by 64.
4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 72.
20% of the company’s stock. Amazon.com Stock Down 4.
3 % Shares of NASDAQ AMZN opened at $192.72 on Friday. The company has a quick ratio of 0.
87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.
The firm has a 50-day moving average price of $216.86 and a 200 day moving average price of $209.08.
Amazon.com, Inc. has a 52 week low of $151.
61 and a 52 week high of $242.52. The stock has a market capitalization of $2.
04 trillion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 1.50 and a beta of 1.
19. Insider Buying and Selling In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th.
The stock was sold at an average price of $228.44, for a total value of $1,256,648.44.
Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.
08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, CFO Brian T.
Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.
80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.
98 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828.
10.80% of the stock is owned by insiders. Wall Street Analyst Weigh In Several research analysts recently commented on AMZN shares.
Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.
00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Oppenheimer boosted their price objective on Amazon.com from $230.
00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Stifel Nicolaus raised their target price on shares of Amazon.
com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th.
Scotiabank boosted their price target on shares of Amazon.com from $246.00 to $306.
00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, TD Cowen raised their price objective on shares of Amazon.com from $240.
00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $260.65.
Read Our Latest Research Report on AMZN 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. Featured Articles 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 ).
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