2 weeks Ago By ABMN Staff
Adams Diversified Equity Fund Inc. reduced its position in shares of Amazon.com, Inc.
( NASDAQ:AMZN ) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576,800 shares of the e-commerce giant’s stock after selling 28,000 shares during the period.
Amazon.com comprises 4.8% of Adams Diversified Equity Fund Inc.
’s investment portfolio, making the stock its 4th largest holding. Adams Diversified Equity Fund Inc.’s holdings in Amazon.
com were worth $126,544,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its position in shares of Amazon.
com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter.
Parnassus Investments LLC boosted its holdings in Amazon.com by 82,457.3% in the third quarter.
Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares during the last quarter. State Street Corp increased its position in Amazon.com by 3.
3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.
com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter.
Finally, Strategic Financial Concepts LLC lifted its position in shares of Amazon.com by 23,742.9% in the 4th quarter.
Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after purchasing an additional 5,081,217 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance Shares of Amazon.com stock opened at $173.
18 on Wednesday. The firm has a market capitalization of $1.84 trillion, a P/E ratio of 31.
32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.
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 business’s fifty day simple moving average is $196.07 and its 200 day simple moving average is $207.
85. Amazon.com, Inc.
has a 12 month low of $151.61 and a 12 month high of $242.52.
Analysts Set New Price Targets AMZN has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Amazon.com from $255.
00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Loop Capital increased their price target on Amazon.
com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th.
The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.
00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America decreased their target price on Amazon.com from $257.
00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Mizuho lowered their target price on Amazon.
com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th.
Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat.com, Amazon.
com presently has a consensus rating of “Moderate Buy” and an average target price of $248.96. Read Our Latest Stock Analysis on Amazon.
com Insider Activity In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.
65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.
90. This represents a 0.97 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th.
The stock was sold at an average price of $230.27, for a total value of $6,332,425.00.
Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.
24 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months.
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. Featured Articles 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 ). Receive News & Ratings for Amazon.
com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
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