1 day Ago By ABMN Staff
Townsend Asset Management Corp NC ADV lifted its holdings in Amazon.com, Inc. ( NASDAQ:AMZN ) by 8.
7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 58,709 shares of the e-commerce giant’s stock after purchasing an additional 4,679 shares during the quarter.
Amazon.com comprises about 4.4% of Townsend Asset Management Corp NC ADV’s holdings, making the stock its 4th biggest holding.
Townsend Asset Management Corp NC ADV’s holdings in Amazon.com were worth $11,346,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in AMZN.
Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc.
boosted its stake in Amazon.com by 1.9% during the 1st quarter.
Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new position in Amazon.
com during the first quarter valued at approximately $2,239,757,000. Capital World Investors increased its holdings in shares of Amazon.com by 64.
6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Amazon.
com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period.
72.20% of the stock is owned by institutional investors. Amazon.
com Stock Up 1.1 % 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 current ratio of 1.
10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.
Amazon.com, Inc. has a 12 month low of $118.
35 and a 12 month high of $201.20. The stock has a 50-day moving average price of $178.
97 and a two-hundred day moving average price of $181.80. Analyst Upgrades and Downgrades Several equities research analysts have commented on the company.
Wolfe Research began coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.
00 target price on the stock. Truist Financial boosted their target price on shares of Amazon.com from $220.
00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Roth Mkm increased their price target on shares of Amazon.
com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.
Bank of America dropped their price target on Amazon.com from $220.00 to $210.
00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Morgan Stanley decreased their price objective on shares of Amazon.com from $240.
00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $222.49.
Get Our Latest Stock Report on Amazon.com Insider Buying and Selling at Amazon.com In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st.
The shares were sold at an average price of $181.04, for a total transaction of $686,322.64.
Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is available at this link .
In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.
04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.
44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, SVP David Zapolsky sold 9,490 shares of the stock in a transaction dated Wednesday, August 21st.
The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20.
Following the transaction, the senior vice president now directly owns 64,610 shares in the company, valued at approximately $11,686,656.80. The disclosure for this sale can be found here .
In the last quarter, 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. See Also 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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