2 weeks Ago By ABMN Staff
Independent Advisor Alliance increased its stake in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 6.
5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 592,295 shares of the e-commerce giant’s stock after purchasing an additional 36,289 shares during the period.
Amazon.com makes up 1.7% of Independent Advisor Alliance’s holdings, making the stock its 8th largest position.
Independent Advisor Alliance’s holdings in Amazon.com were worth $129,944,000 at the end of the most recent quarter. A number of other institutional investors have also made changes to their positions in AMZN.
Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the fourth quarter.
Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.
5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC grew its stake in Amazon.
com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter.
Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Amazon.
com during the fourth quarter valued at about $54,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Stock Down 5.2 % Shares of NASDAQ:AMZN opened at $181.
22 on Friday. Amazon.com, Inc.
has a 12 month low of $151.61 and a 12 month high of $242.52.
The firm has a market cap of $1.92 trillion, a P/E ratio of 32.77, a P/E/G ratio of 1.
50 and a beta of 1.39. The company has a quick ratio of 0.
87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.
The company’s 50-day moving average price is $205.37 and its two-hundred day moving average price is $208.47.
Insider Activity In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.
65, for a total value 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 approximately $467,532,195.
90. This trade represents a 0.97 % 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 Douglas J. Herrington sold 2,500 shares of Amazon.
com stock in a transaction that occurred 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 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 ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company’s stock.
Analysts Set New Price Targets AMZN has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on Amazon.com from $230.
00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Piper Sandler reiterated an “overweight” rating and set a $265.
00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th.
Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th.
Jefferies Financial Group cut their target price on shares of Amazon.com from $275.00 to $250.
00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Maxim Group raised 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. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company.
According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $258.19.
View Our Latest Stock Analysis on Amazon.com 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.
Read More 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.
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