2 weeks Ago By Defense World Staff
Isthmus Partners LLC acquired a new stake in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm acquired 2,430 shares of the e-commerce giant’s stock, valued at approximately $533,000. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rench Wealth Management Inc.
lifted its holdings in shares of Amazon.com by 7.9% during the 3rd quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC increased its position in Amazon.
com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares in the last quarter.
Umpqua Bank increased its position in Amazon.com by 0.4% during the 3rd quarter.
Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after buying an additional 137 shares in the last quarter. One Wealth Capital Management LLC purchased a new stake in Amazon.com in the fourth quarter valued at about $4,270,000.
Finally, Floyd Financial Group LLC acquired a new stake in Amazon.com in the fourth quarter worth about $4,494,000. Hedge funds and other institutional investors own 72.
20% of the company’s stock. Analyst Upgrades and Downgrades AMZN has been the subject of several research analyst reports. Westpark Capital initiated coverage on shares of Amazon.
com in a research report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 price objective for the company.
Mizuho decreased their price target on shares of Amazon.com from $285.00 to $255.
00 and set an “outperform” rating for the company in a report on Wednesday. Oppenheimer boosted their price objective on shares of Amazon.com from $230.
00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Bank of America reduced their target price on Amazon.
com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday.
Finally, Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.
00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.19. Amazon.
com Trading Down 5.2 % Shares of AMZN stock opened at $181.22 on Friday.
Amazon.com, Inc. has a fifty-two week low of $151.
61 and a fifty-two week high of $242.52. 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 stock’s fifty day moving average is $205.37 and its two-hundred day moving average is $208.47.
The firm has a market capitalization of $1.92 trillion, a P/E ratio of 32.77, a PEG ratio of 1.
50 and a beta of 1.39. Amazon.
com ( NASDAQ:AMZN – Get Free Report ) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 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%.
Research analysts expect that Amazon.com, Inc. will post 6.
31 earnings per share for the current fiscal year. Insiders Place Their Bets In related news, VP Shelley Reynolds sold 8,833 shares of the company’s 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link . Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.
com stock in a transaction dated 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 transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09.
This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last ninety days. 10.80% of the stock is currently 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. Featured Stories Five stocks we like better than Amazon.
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com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.
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