2 weeks Ago By Defense World Staff
Angeles Investment Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 32.
2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,702 shares of the e-commerce giant’s stock after selling 6,980 shares during the period. Amazon.
com makes up 0.2% of Angeles Investment Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Angeles Investment Advisors LLC’s holdings in Amazon.
com were worth $3,225,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of the business. Rench Wealth Management Inc.
raised its holdings in shares of Amazon.com by 7.9% in the 3rd quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares during the last quarter. Blankinship & Foster LLC raised its stake in shares of Amazon.
com by 216.4% in 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 during the last quarter.
One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000. Floyd Financial Group LLC bought a new position in shares of Amazon.
com in the fourth quarter valued at approximately $4,494,000. Finally, Patton Albertson Miller Group LLC boosted 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 valued at $4,122,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 72.
20% of the company’s stock. Amazon.com Price PerformanceAMZN stock opened at $186.
54 on Friday. The firm has a market cap of $1.98 trillion, a P/E ratio of 33.
73, a P/E/G ratio of 1.50 and a beta of 1.39.
The firm’s fifty day moving average is $194.27 and its 200 day moving average is $207.70.
Amazon.com, Inc. has a 52 week low of $151.
61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.
18, a quick ratio of 0.87 and a current ratio of 1.06.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34.
Amazon.com had a return on equity of 24.25% and a net margin of 9.
29%. Research analysts predict that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Wall Street Analysts Forecast GrowthSeveral equities analysts have weighed in on AMZN shares.
Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.
00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Citigroup dropped their price target on shares of Amazon.com from $273.
00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus reduced their price objective on shares of Amazon.
com from $275.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday.
Telsey Advisory Group dropped their target price on shares of Amazon.com from $275.00 to $235.
00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Rosenblatt Securities boosted their target price on Amazon.com from $236.
00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock.
According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $247.56.
Check Out Our Latest Report on AMZNInsider Buying and Selling at Amazon.comIn related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated 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 in the company, valued at $467,532,195.90. The trade was a 0.
97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J.
Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.
00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26.
The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here.
Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.
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.Featured StoriesFive stocks we like better than Amazon.
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