2 weeks Ago By Defense World Staff
Marvin & Palmer Associates Inc. purchased a new position in Amazon.com, Inc.
( NASDAQ:AMZN ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 37,858 shares of the e-commerce giant’s stock, valued at approximately $8,306,000. Amazon.
com accounts for about 6.3% of Marvin & Palmer Associates Inc.’s portfolio, making the stock its largest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.
0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Amazon.
com in the fourth quarter worth about $51,000. Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.
8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of Amazon.
com during the 4th quarter valued at approximately $54,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Amazon.com by 64.
4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 72.
20% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have weighed in on AMZN shares. Morgan Stanley lifted their price target on shares of Amazon.
com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th.
Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, April 3rd. Rosenblatt Securities increased their price target on Amazon.
com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th.
Maxim Group raised 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. Finally, DA Davidson upped their price objective on Amazon.com from $235.
00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. 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.
According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $258.
19. Amazon.com Price Performance AMZN stock opened at $181.
22 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.
87 and a debt-to-equity ratio of 0.18. Amazon.
com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.
52. The stock has a market cap of $1.92 trillion, a PE ratio of 32.
77, a P/E/G ratio of 1.50 and a beta of 1.39.
The company has a 50-day moving average price of $205.37 and a 200 day moving average price of $208.47.
Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Insider Transactions at Amazon.
com In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.
72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at approximately $15,265,436.
64. This trade represents a 7.80 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st.
The stock was sold at an average price of $187.99, for a total transaction of $469,975.00.
Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.
49 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803.
10.80% of the stock is currently owned by 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 Articles Five stocks we like better than Amazon.com How Investors Can Find the Best Cheap Dividend Stocks Joby Aviation: Operational Momentum vs.
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