1 week Ago By Defense World Staff
Morey & Quinn Wealth Partners LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm purchased 11,706 shares of the e-commerce giant’s stock, valued at approximately $2,568,000. Amazon.com makes up approximately 2.
2% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 10th largest holding. Other hedge funds and other institutional investors have also made changes to their positions in the company. Accordant Advisory Group Inc lifted its holdings in Amazon.
com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter.
Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% during the 3rd quarter.
Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.
8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.
com during the fourth quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $54,000.
Hedge funds and other institutional investors own 72.20% of the company’s stock. Insider Activity at Amazon.
comIn related news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860.
This trade represents a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st.
The stock was sold at an average price of $187.99, for a total value of $469,975.00.
Following the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.
49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803.
Insiders own 10.80% of the company’s stock. Analyst Upgrades and DowngradesA number of analysts have weighed in on the stock.
Royal Bank of Canada raised their price objective on shares of Amazon.com from $255.00 to $265.
00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.
com in a research note on Friday, February 7th. Mizuho decreased their price objective on shares of Amazon.com from $285.
00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. JMP Securities cut their target price on Amazon.
com from $285.00 to $240.00 and set a “market outperform” rating on the stock in a research report on Monday, April 14th.
Finally, Loop Capital boosted their target price on Amazon.com from $275.00 to $285.
00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $247.
56.View Our Latest Report on AMZNAmazon.com Stock PerformanceAMZN opened at $188.
99 on Friday. Amazon.com, Inc.
has a 1-year low of $151.61 and a 1-year high of $242.52.
The stock has a market cap of $2.00 trillion, a P/E ratio of 34.18, a P/E/G ratio of 1.
50 and a beta of 1.39. The stock’s 50 day simple moving average is $193.
52 and its 200 day simple moving average is $207.90. The company has a debt-to-equity ratio of 0.
18, a current ratio of 1.06 and a quick ratio of 0.87.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34.
Amazon.com had a return on equity of 24.25% and a net margin of 9.
29%. As a group, equities analysts anticipate that Amazon.com, Inc.
will post 6.31 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.See AlsoFive stocks we like better than Amazon.comWhat is the Dow Jones Industrial Average (DJIA)?Markets Think Robinhood Earnings Could Send the Stock UpThe Most Important Warren Buffett Stock for Investors: His OwnChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?What is Insider Trading? What You Can Learn from Insider TradingAT&T: Subscriber Growth & Buybacks Signal Bullish TurnaroundWant 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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