1 week Ago By Defense World Staff
Ipsen Advisor Group LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor purchased 1,042 shares of the e-commerce giant’s stock, valued at approximately $229,000. Other large investors have also added to or reduced their stakes in the company. Cable Hill Partners LLC raised its stake in Amazon.
com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the last quarter.
Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 23.8% in the fourth quarter.
Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Northern Capital Management Inc. grew its stake in shares of Amazon.
com by 0.6% during the 4th quarter. Northern Capital Management Inc.
now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management increased its position in shares of Amazon.com by 2.
4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of Amazon.
com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares during the last quarter.
Institutional investors own 72.20% of the company’s stock. Insider Buying and Selling at Amazon.
comIn other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.
com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.
00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.
14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860.
The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last three months. Company insiders own 10.80% of the company’s stock.
Wall Street Analysts Forecast GrowthSeveral research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Amazon.com from $275.
00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday. Maxim Group boosted their price target on Amazon.
com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th.
Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Jefferies Financial Group reduced their target price on shares of Amazon.
com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd.
Finally, Royal Bank of Canada increased their price objective on shares of Amazon.com from $255.00 to $265.
00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average target price of $247.56.Check Out Our Latest Analysis on Amazon.
comAmazon.com Price PerformanceAMZN opened at $188.99 on Friday.
The business has a fifty day moving average of $193.52 and a 200 day moving average of $207.90.
The stock has a market cap of $2.00 trillion, a P/E ratio of 34.18, a PEG ratio of 1.
50 and a beta of 1.39. 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. Amazon.
com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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%.
As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.
31 EPS for the current year. 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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