2 weeks Ago By ABMN Staff
Investors Research Corp trimmed its position in Amazon.com, Inc. ( NASDAQ:AMZN ) by 3.
3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,033 shares of the e-commerce giant’s stock after selling 270 shares during the quarter. Investors Research Corp’s holdings in Amazon.
com were worth $1,762,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Swedbank AB raised its stake in Amazon.
com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after buying an additional 183,610 shares in the last quarter.
Sassicaia Capital Advisers LLC bought a new stake in Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC increased its holdings in shares of Amazon.
com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after acquiring an additional 897 shares during the period.
Meridian Management Co. raised its position in shares of Amazon.com by 27.
6% in the 3rd 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 in the last quarter.
Finally, Pettinga Financial Advisors LLC lifted its stake in shares of Amazon.com by 4.3% during 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 last quarter. Institutional investors own 72.20% of the company’s stock.
Amazon.com Price Performance Shares of NASDAQ AMZN opened at $181.22 on Friday.
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.
87. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 32.
77, a PEG ratio of 1.50 and a beta of 1.39.
The firm’s 50 day simple moving average is $205.37 and its 200-day simple moving average is $208.47.
Amazon.com, Inc. has a 12 month low of $151.
61 and a 12 month high of $242.52. Analysts Set New Price Targets AMZN has been the topic of several analyst reports.
Robert W. Baird lifted their target price on Amazon.com from $220.
00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Scotiabank lifted their price objective on shares of Amazon.
com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th.
Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $265.
00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th.
Finally, Bank of America reduced their price target on Amazon.com from $257.00 to $225.
00 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.
com has a consensus rating of “Moderate Buy” and an average price target of $258.19. View Our Latest Research Report on AMZN Insider Activity In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.
87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link . Also, CEO Douglas J.
Herrington sold 2,500 shares of the 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 owns 509,474 shares in the company, valued at $95,776,017.26.
This trade represents a 0.49 % 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 in the last ninety days. Company insiders own 10.80% of the company’s stock.
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. Read More Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ).
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