6 hours Ago By Defense World Staff
Walled Lake Planning & Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.
4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,559 shares of the e-commerce giant’s stock after purchasing an additional 58 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Amazon.
com were worth $2,975,000 at the end of the most recent reporting period. Several other hedge funds have also modified their holdings of AMZN. Norges Bank bought a new stake in Amazon.
com during the 4th quarter worth about $27,266,582,000. Vanguard Group Inc. boosted its stake in shares of Amazon.
com by 2.2% in the 4th quarter. Vanguard Group Inc.
now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Amazon.com by 17,054.
5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Parnassus Investments LLC raised its stake in shares of Amazon.
com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter.
Finally, State Street Corp lifted its holdings in Amazon.com by 3.3% in the third quarter.
State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. 72.20% of the stock is owned by institutional investors.
Amazon.com Price PerformanceShares of NASDAQ AMZN opened at $187.39 on Wednesday.
The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.
18. Amazon.com, Inc.
has a twelve month low of $151.61 and a twelve month high of $242.52.
The business’s 50 day moving average price is $192.03 and its two-hundred day moving average price is $207.90.
The company has a market cap of $1.99 trillion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.
50 and a beta of 1.39. Amazon.
com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.
52 by $0.34. Amazon.
com had a net margin of 9.29% and a return on equity of 24.25%.
On average, analysts predict that Amazon.com, Inc. will post 6.
31 EPS for the current year. Analysts Set New Price TargetsA number of analysts have commented on AMZN shares. Loop Capital lifted their target price on shares of Amazon.
com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th.
Stifel Nicolaus decreased their price objective on Amazon.com from $275.00 to $248.
00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Rosenblatt Securities upped their price objective on Amazon.com from $236.
00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Westpark Capital assumed coverage on Amazon.
com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.00 target price on the stock.
Finally, Cantor Fitzgerald lowered their price target on Amazon.com from $270.00 to $230.
00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.50.Check Out Our Latest Stock Report on Amazon.
comInsiders Place Their BetsIn other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.
51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60.
This represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.
27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.
09. This represents a 5.24 % decrease in their position.
The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last 90 days. Company insiders own 10.
80% of the company’s stock. Amazon.com Company 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.
Further ReadingFive stocks we like better than Amazon.comHow to buy stock: A step-by-step guide for beginners Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet5 discounted opportunities for dividend growth investorsCoca-Cola Company Stock Can Bubble to New Highs This YearHow to Invest in the Best Canadian Stocks 3 Stocks Lifting 2025 Guidance Despite Market JittersWant 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)..
