2 weeks Ago By ABMN Staff
Meriwether Wealth & Planning LLC acquired a new stake in Amazon.com, Inc. ( NASDAQ:AMZN ) during the fourth quarter, Holdings Channel.
com reports. The firm acquired 7,705 shares of the e-commerce giant’s stock, valued at approximately $1,690,000. Amazon.
com accounts for approximately 1.2% of Meriwether Wealth & Planning LLC’s portfolio, making the stock its 16th largest holding. Other institutional investors have also modified their holdings of the company.
Proficio Capital Partners LLC lifted its stake in Amazon.com by 17,054.5% during the fourth quarter.
Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC raised its holdings in Amazon.com by 82,457.
3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp lifted its position in shares of Amazon.
com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter.
Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 3.4% in the 3rd quarter.
Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of Amazon.com by 23,742.
9% in the 4th 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 buying an additional 5,081,217 shares during the last quarter. 72.
20% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities research analysts recently weighed in on AMZN shares. Robert W.
Baird boosted their price target on shares of Amazon.com from $220.00 to $260.
00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JMP Securities set a $285.00 target price on Amazon.
com in a report on Thursday, March 27th. Bank of America dropped their price target on Amazon.com from $257.
00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday. Rosenblatt Securities boosted their price objective on Amazon.
com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th.
Finally, Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.
00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.19. Amazon.
com Trading Down 5.2 % NASDAQ:AMZN opened at $181.22 on Friday.
The company has a market capitalization of $1.92 trillion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 1.
50 and a beta of 1.39. Amazon.
com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.
52. The stock has a fifty day simple moving average of $205.37 and a 200-day simple moving average of $208.
47. 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 ( NASDAQ:AMZN – Get Free Report ) last announced its quarterly 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 net margin of 9.29% and a return on equity of 24.25%.
On average, equities research analysts expect that Amazon.com, Inc. will post 6.
31 earnings per share for the current fiscal year. Insider Activity at Amazon.com In other news, CEO Douglas J.
Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.
00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26.
This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.
50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125.
This represents a 27.78 % 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 valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.
About Amazon.com ( 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 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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