2 weeks Ago By Defense World Staff
Adams Diversified Equity Fund Inc. lessened its position in Amazon.com, Inc.
( NASDAQ:AMZN ) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 576,800 shares of the e-commerce giant’s stock after selling 28,000 shares during the quarter.
Amazon.com makes up about 4.8% of Adams Diversified Equity Fund Inc.
’s portfolio, making the stock its 4th biggest position. Adams Diversified Equity Fund Inc.’s holdings in Amazon.
com were worth $126,544,000 at the end of the most recent reporting period. Other institutional investors have also recently bought and sold shares of the company. One Charles Private Wealth Services LLC increased its stake in Amazon.
com by 9.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 12,085 shares of the e-commerce giant’s stock valued at $2,651,000 after buying an additional 1,048 shares during the last quarter.
Gutierrez Wealth Advisory LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $244,000. Vickerman Investment Advisors Inc.
acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $246,000. Loudon Investment Management LLC bought a new stake in Amazon.
com during the fourth quarter worth about $215,000. Finally, Truepoint Inc. boosted its position in Amazon.
com by 5.0% during the fourth quarter. Truepoint Inc.
now owns 7,291 shares of the e-commerce giant’s stock valued at $1,600,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Wall Street Analyst Weigh In Several research analysts have weighed in on AMZN shares. JPMorgan Chase & Co. lowered their price target on Amazon.
com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th.
Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.
00 and set a “buy” rating on the stock in a report on Monday, April 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price target on shares of Amazon.
com in a research note on Friday, February 7th. Mizuho lowered their price objective on shares of Amazon.com from $285.
00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $195.
00 target price (down from $275.00) on shares of Amazon.com in a report on Monday.
Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.
com presently has an average rating of “Moderate Buy” and a consensus target price of $248.96. Amazon.
com Trading Up 3.5 % Shares of Amazon.com stock opened at $173.
18 on Wednesday. The firm’s 50-day moving average price is $196.07 and its two-hundred day moving average price is $207.
85. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 31.
32, a PEG 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. Amazon.com, Inc.
has a 12-month low of $151.61 and a 12-month high of $242.52.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its quarterly 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 net margin of 9.29% and a return on equity of 24.
25%. On average, analysts forecast that Amazon.com, Inc.
will post 6.31 earnings per share for the current fiscal year. Insider Buying and Selling at Amazon.
com In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st.
The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60.
Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.
97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, CEO Douglas J.
Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were 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.
The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.
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 Five stocks we like better than Amazon.
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