1 week Ago By Defense World Staff
Wetzel Investment Advisors Inc. grew its position in Amazon.com, Inc.
( NASDAQ:AMZN ) by 19.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,362 shares of the e-commerce giant’s stock after buying an additional 556 shares during the period.
Wetzel Investment Advisors Inc.’s holdings in Amazon.com were worth $626,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Legal & General Group Plc grew its holdings in Amazon.com by 1.
5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp increased its position in shares of Amazon.
com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter.
Ameriprise Financial Inc. lifted its holdings in Amazon.com by 3.
4% during the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after acquiring an additional 1,329,150 shares in the last quarter.
International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 20,897.2% in the third quarter.
International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Amazon.
com by 1.5% during the second quarter. Massachusetts Financial Services Co.
MA now owns 31,883,977 shares of the e-commerce giant’s stock worth $6,161,579,000 after purchasing an additional 464,938 shares during the period. Institutional investors own 72.20% of the company’s stock.
Analyst Ratings Changes Several brokerages recently issued reports on AMZN. TD Cowen boosted their price objective on Amazon.com from $230.
00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W.
Baird upped their price target on shares of Amazon.com from $213.00 to $220.
00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America upped their target price on shares of Amazon.com from $210.
00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co.
raised their price target on shares of Amazon.com from $230.00 to $250.
00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Benchmark increased their price objective on shares of Amazon.com from $200.
00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $237.42.
Insider Buying and Selling at Amazon.com In other Amazon.com news, CEO Douglas J.
Herrington sold 5,502 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.
62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91.
This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.
19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.
59. The trade was a 4.19 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.
80% of the company’s stock. Amazon.com Trading Up 2.
3 % Shares of AMZN stock opened at $230.26 on Thursday. The company has a debt-to-equity ratio of 0.
21, a quick ratio of 0.87 and a current ratio of 1.09.
The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.
52 and a beta of 1.16. Amazon.
com, Inc. has a 52-week low of $144.05 and a 52-week high of $231.
20. The company has a 50-day simple moving average of $198.98 and a two-hundred day simple moving average of $188.
78. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its quarterly earnings data on Thursday, October 31st.
The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.
29. Amazon.com had a return on equity of 22.
41% and a net margin of 8.04%. The business had revenue of $158.
88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the firm earned $0.
85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis.
Research analysts anticipate that Amazon.com, Inc. will post 5.
29 EPS for the current fiscal year. 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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com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ).
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