2 weeks Ago By Defense World Staff
Brooktree Capital Management decreased its position in Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 4.
6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,622 shares of the e-commerce giant’s stock after selling 78 shares during the period. Amazon.
com makes up 0.3% of Brooktree Capital Management’s portfolio, making the stock its 22nd largest position. Brooktree Capital Management’s holdings in Amazon.
com were worth $356,000 at the end of the most recent quarter. Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB grew its position in shares of Amazon.
com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the period.
Sassicaia Capital Advisers LLC bought a new position in Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC increased its position in shares of Amazon.
com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter.
Meridian Management Co. raised its holdings in shares of Amazon.com by 27.
6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after acquiring an additional 7,246 shares during the period.
Finally, Pettinga Financial Advisors LLC boosted its stake in Amazon.com by 4.3% in the 3rd quarter.
Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst Upgrades and Downgrades AMZN has been the topic of a number of research reports. JMP Securities cut their price target on Amazon.com from $285.
00 to $240.00 and set a “market outperform” rating on the stock in a report on Monday, April 14th. Piper Sandler reaffirmed an “overweight” rating and set a $265.
00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th.
Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.
00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Amazon.
com in a research report on Friday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of Amazon.
com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.
com currently has an average rating of “Moderate Buy” and a consensus price target of $252.73. Amazon.
com Stock Performance Shares of NASDAQ:AMZN opened at $172.51 on Friday. The company’s 50 day simple moving average is $198.
44 and its 200 day simple moving average is $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.
Amazon.com, Inc. has a 1 year low of $151.
61 and a 1 year high of $242.52. The stock has a market capitalization 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 ( 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 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%. As a group, research analysts predict that Amazon.
com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Buying and Selling In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.
51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60.
This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.
26. The trade was a 0.49 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last three months. 10.
80% of the stock is owned by corporate insiders. About 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.
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