1 day Ago By ABMN Staff
TFG Advisers LLC reduced its position in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 3.
7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,715 shares of the e-commerce giant’s stock after selling 1,398 shares during the quarter. Amazon.
com accounts for about 2.8% of TFG Advisers LLC’s investment portfolio, making the stock its 6th biggest holding. TFG Advisers LLC’s holdings in Amazon.
com were worth $7,095,000 at the end of the most recent reporting period. Several other large investors have also bought and sold shares of the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.
com during the fourth quarter valued at $30,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.
com by 650.0% during the 2nd quarter. Christopher J.
Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.
com during the 4th quarter valued at about $46,000. Steph & Co. bought a new stake in shares of Amazon.
com in the first quarter worth approximately $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.
com during the first quarter valued at approximately $69,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Price Performance Amazon.com stock opened at $186.
88 on Wednesday. Amazon.com, Inc.
has a 52-week low of $118.35 and a 52-week high of $201.20.
The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.
23. The firm’s fifty day moving average is $178.97 and its 200 day moving average is $181.
80. 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.
Wall Street Analyst Weigh In AMZN has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Amazon.
com in a research report on Thursday, September 12th. Roth Mkm lifted their price objective on Amazon.com from $210.
00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. BMO Capital Markets increased their target price on Amazon.
com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th.
Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd.
Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd.
One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $222.
49. View Our Latest Analysis on Amazon.com Insider Activity at Amazon.
com In other news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.
00. Following the sale, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The sale was disclosed in a document filed with the SEC, which is available at this link .
In related news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.
00. Following the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.
00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.
80% of the company’s stock. 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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