2 weeks Ago By Defense World Staff
Intech Investment Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 25.
9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,086,496 shares of the e-commerce giant’s stock after selling 380,414 shares during the period. Amazon.
com accounts for about 7.1% of Intech Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Intech Investment Management LLC’s holdings in Amazon.
com were worth $238,366,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Proficio Capital Partners LLC grew its stake in shares of Amazon.
com by 17,054.5% in 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 buying an additional 12,018,120 shares in the last quarter.
Parnassus Investments LLC lifted its holdings in shares of Amazon.com by 82,457.3% in 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 acquiring an additional 11,391,479 shares during the last quarter. State Street Corp grew its position 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 worth $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC increased its stake in Amazon.
com by 3.4% during 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 acquiring an additional 6,545,944 shares during the last quarter.
Finally, Strategic Financial Concepts LLC raised its position in Amazon.com by 23,742.9% during the fourth quarter.
Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after purchasing an additional 5,081,217 shares during the period. 72.20% of the stock is owned by institutional investors.
Insider Buying and Selling at Amazon.comIn related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com 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 completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.
87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J.
Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.
44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92.
This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here.
In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.
Amazon.com Stock Down 1.0 %AMZN stock opened at $172.
51 on Friday. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $242.
52. The stock has a market capitalization of $1.83 trillion, a PE ratio of 31.
19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.
The firm has a 50 day moving average of $198.44 and a 200 day moving average of $208.04.
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, beating analysts’ consensus estimates of $1.52 by $0.34.
Amazon.com had a net margin of 9.29% and a return on equity of 24.
25%. Sell-side analysts forecast that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Wall Street Analysts Forecast GrowthA number of equities analysts have recently commented on the company.
Maxim Group lifted their target price on Amazon.com from $260.00 to $280.
00 and gave the stock a “buy” rating in a report on Friday, February 7th. Westpark Capital initiated coverage on shares of Amazon.com in a research report on Tuesday, April 1st.
They set a “buy” rating and a $280.00 price objective on the stock. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.
com in a report on Thursday, February 13th. Wedbush reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.
com in a research note on Friday, February 7th. Finally, Citigroup reduced their price objective 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. Two equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company.
Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $252.
73.Read Our Latest Stock Report on Amazon.comAmazon.
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.Recommended StoriesFive stocks we like better than Amazon.comESG Stocks, What Investors Should KnowJ.
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