2 weeks Ago By Defense World Staff
Grantvest Financial Group LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor purchased 12,289 shares of the e-commerce giant’s stock, valued at approximately $2,696,000. Amazon.com makes up approximately 3.
0% of Grantvest Financial Group LLC’s investment portfolio, making the stock its 5th biggest position. Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc.
lifted its holdings in Amazon.com by 2.2% during the 4th quarter.
Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Amazon.
com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the period.
Parnassus Investments LLC raised its stake in shares of Amazon.com by 82,457.3% in the third quarter.
Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares in the last quarter. State Street Corp boosted its holdings in Amazon.com by 3.
3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Finally, Geode Capital Management LLC grew its stake in Amazon.
com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter.
Hedge funds and other institutional investors own 72.20% of the company’s stock. Insider ActivityIn other news, CEO Douglas J.
Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was 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 $114,459,618.09.
The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.
51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60.
The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here.
Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last ninety days. 10.80% of the stock is currently owned by insiders.
Analysts Set New Price TargetsAMZN has been the topic of a number of analyst reports. Scotiabank reduced their price target on Amazon.com from $306.
00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday. Citizens Jmp decreased their price target on shares of Amazon.
com from $285.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 14th.
JMP Securities dropped their price objective on shares of Amazon.com from $285.00 to $240.
00 and set a “market outperform” rating on the stock in a research report on Monday, April 14th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (up from $225.
00) on shares of Amazon.com in a research report on Friday, February 7th. Finally, Telsey Advisory Group dropped their target price on Amazon.
com from $275.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday.
Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $247.
56.Read Our Latest Stock Report on Amazon.comAmazon.
com Stock Up 3.3 %AMZN opened at $186.54 on Friday.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.
06. The company has a market cap of $1.98 trillion, a price-to-earnings ratio of 33.
73, a PEG ratio of 1.50 and a beta of 1.39.
Amazon.com, Inc. has a one year low of $151.
61 and a one year high of $242.52. The business’s fifty day moving average is $194.
27 and its two-hundred day moving average is $207.70. Amazon.
com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 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%.
Analysts anticipate that Amazon.com, Inc. will post 6.
31 EPS for the current fiscal 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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com, Inc. (NASDAQ:AMZN – Free Report)..
