2 weeks Ago By Defense World Staff
Independent Advisor Alliance lifted its holdings in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 6.
5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 592,295 shares of the e-commerce giant’s stock after buying an additional 36,289 shares during the period. Amazon.
com accounts for approximately 1.7% of Independent Advisor Alliance’s holdings, making the stock its 8th biggest position. Independent Advisor Alliance’s holdings in Amazon.
com were worth $129,944,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of Amazon.
com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the period.
Parnassus Investments LLC boosted its position in Amazon.com by 82,457.3% during the 3rd quarter.
Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp grew its stake in Amazon.com by 3.
3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC increased its position in Amazon.
com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the period.
Finally, Strategic Financial Concepts LLC increased its position in Amazon.com by 23,742.9% in the fourth quarter.
Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after buying an additional 5,081,217 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst Ratings Changes Several equities analysts have recently commented on AMZN shares. HSBC upped their price target on shares of Amazon.com from $225.
00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Tigress Financial boosted their target price on shares of Amazon.
com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th.
Royal Bank of Canada raised their price target on shares of Amazon.com from $255.00 to $265.
00 and gave the company an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price target on Amazon.
com from $270.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday.
Finally, Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.
00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.
com currently has an average rating of “Moderate Buy” and a consensus price target of $258.19. Amazon.
com Price Performance Shares of NASDAQ:AMZN opened at $181.22 on Friday. The company’s fifty day moving average is $205.
37 and its two-hundred day moving average is $208.47. The company has a market cap of $1.
92 trillion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.
39. Amazon.com, Inc.
has a 12-month low of $151.61 and a 12-month high of $242.52.
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 ( 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, 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%. Equities analysts expect that Amazon.
com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insider Transactions at Amazon.com In other Amazon.com news, CEO Douglas J.
Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.
44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92.
This represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated 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 owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.
60. This represents a 6.87 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.
80% of the stock is owned by corporate 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.
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