2 weeks Ago By Defense World Staff
ProVise Management Group LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.
9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,334 shares of the e-commerce giant’s stock after selling 8,380 shares during the period. Amazon.
com comprises 2.5% of ProVise Management Group LLC’s portfolio, making the stock its 6th largest holding. ProVise Management Group LLC’s holdings in Amazon.
com were worth $29,472,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently bought and sold shares of AMZN. Rench Wealth Management Inc.
lifted its position in shares of Amazon.com by 7.9% in the third quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares in the last quarter. Blankinship & Foster LLC lifted its stake in shares of Amazon.
com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter.
One Wealth Capital Management LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $4,270,000. Floyd Financial Group LLC purchased a new stake in shares of Amazon.
com during the fourth quarter worth about $4,494,000. Finally, Patton Albertson Miller Group LLC grew its position in shares of Amazon.com by 2.
7% during the fourth quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant’s stock worth $4,122,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 72.
20% of the company’s stock. Amazon.com Trading Down 1.
0 %AMZN opened at $172.51 on Friday. The firm has a 50 day simple moving average of $198.
44 and a 200 day simple moving average of $208.04. The company has a debt-to-equity ratio of 0.
18, a current ratio of 1.06 and a quick ratio of 0.87.
The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.
50 and a beta of 1.39. Amazon.
com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.
52. Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.
25% and a net margin of 9.29%. On average, sell-side analysts anticipate that Amazon.
com, Inc. will post 6.31 earnings per share for the current year.
Insiders Place Their BetsIn related news, 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 completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.
09. This represents a 5.24 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.
50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125.
This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here.
In the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company’s stock.
Wall Street Analyst Weigh InSeveral equities research analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $265.00 price target (up from $225.
00) on shares of Amazon.com in a research report on Friday, February 7th. Maxim Group boosted their price target on shares of Amazon.
com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th.
Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th.
Scotiabank lifted their target price on Amazon.com from $246.00 to $306.
00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group lowered their price target on Amazon.com from $275.
00 to $250.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock.
According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $252.73.
View Our Latest Report on AMZNAbout Amazon.com (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.
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