2 weeks Ago By Defense World Staff
Clare Market Investments LLC bought a new position in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund bought 246,248 shares of the e-commerce giant’s stock, valued at approximately $54,024,000. Amazon.com makes up approximately 12.
8% of Clare Market Investments LLC’s portfolio, making the stock its 2nd largest position. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc.
grew its position in shares of Amazon.com by 7.9% in the 3rd quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the period. Blankinship & Foster LLC lifted its stake in Amazon.
com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares in the last quarter.
Umpqua Bank lifted its stake in Amazon.com by 0.4% in the third quarter.
Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after buying an additional 137 shares in the last quarter. One Wealth Capital Management LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000.
Finally, Floyd Financial Group LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $4,494,000. 72.
20% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of equities analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Amazon.
com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th.
Wells Fargo & Company cut their price target on Amazon.com from $207.00 to $203.
00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. UBS Group increased their price objective on Amazon.com from $230.
00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. HSBC boosted their target price on Amazon.
com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th.
Finally, Mizuho decreased their price target 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. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.19. Amazon.
com Trading Down 5.2 % Shares of AMZN stock opened at $181.22 on Friday.
The stock has a 50 day simple moving average of $205.37 and a 200 day simple moving average of $208.47.
Amazon.com, Inc. has a 1 year low of $151.
61 and a 1 year high of $242.52. The company has a current ratio of 1.
06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.
The stock has a market cap of $1.92 trillion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 1.
50 and a beta of 1.39. Amazon.
com ( NASDAQ:AMZN – Get Free Report ) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
52 by $0.34. Amazon.
com had a return on equity of 24.25% and a net margin of 9.29%.
On average, research analysts predict that Amazon.com, Inc. will post 6.
31 earnings per share for the current fiscal year. Insiders Place Their Bets In other Amazon.com news, CEO Douglas J.
Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.
00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26.
This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.
50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125.
The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last ninety days. Corporate 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. Featured Stories Five stocks we like better than Amazon.
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