2 weeks Ago By ABMN Staff
Solitude Financial Services lessened its stake in Amazon.com, Inc. ( NASDAQ:AMZN ) by 20.
0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,002 shares of the e-commerce giant’s stock after selling 500 shares during the period. Amazon.
com comprises approximately 0.2% of Solitude Financial Services’ investment portfolio, making the stock its 27th largest holding. Solitude Financial Services’ holdings in Amazon.
com were worth $439,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Amazon.
com by 4.7% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 19,551 shares of the e-commerce giant’s stock valued at $4,289,000 after purchasing an additional 875 shares during the period.
NBT Bank N A NY increased its holdings in Amazon.com by 7.6% in the fourth quarter.
NBT Bank N A NY now owns 97,765 shares of the e-commerce giant’s stock valued at $21,449,000 after buying an additional 6,946 shares in the last quarter. Taika Capital LP acquired a new position in shares of Amazon.com in the fourth quarter worth about $5,139,000.
Bell Investment Advisors Inc raised its position in shares of Amazon.com by 1.9% in the fourth quarter.
Bell Investment Advisors Inc now owns 3,422 shares of the e-commerce giant’s stock worth $751,000 after acquiring an additional 63 shares during the period. Finally, Ruffer LLP boosted its stake in shares of Amazon.com by 8.
9% during the 4th quarter. Ruffer LLP now owns 868,184 shares of the e-commerce giant’s stock worth $190,469,000 after acquiring an additional 70,834 shares in the last quarter. Institutional investors and hedge funds own 72.
20% of the company’s stock. Analyst Ratings Changes A number of equities analysts recently weighed in on the company. Wolfe Research upped their price target on Amazon.
com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd.
The Goldman Sachs Group boosted their price objective on Amazon.com from $240.00 to $255.
00 and gave the company a “buy” rating in a research report on Friday, February 7th. TD Cowen increased their target price on Amazon.com from $240.
00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. UBS Group lifted their price target on shares of Amazon.
com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th.
Finally, Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th.
Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.
19. Insider Buying and Selling In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.
47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.
60. This represents a 6.87 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.
com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value 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 disclosure for this sale can be found here .
In the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company’s stock.
Amazon.com Stock Performance NASDAQ AMZN opened at $181.22 on Friday.
The stock has a market cap of $1.92 trillion, a PE ratio of 32.77, a P/E/G ratio of 1.
50 and a beta of 1.39. Amazon.
com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.
52. The stock has a fifty day simple moving average of $205.37 and a 200-day simple moving average of $208.
47. The company has a current ratio of 1.06, a quick ratio of 0.
87 and a debt-to-equity ratio of 0.18. Amazon.
com ( NASDAQ:AMZN – Get Free Report ) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%.
Equities analysts anticipate that Amazon.com, Inc. will post 6.
31 earnings per share for the current year. 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.
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