2 weeks Ago By Defense World Staff
Midland Wealth Advisors LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.
5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,624 shares of the e-commerce giant’s stock after selling 949 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Amazon.
com were worth $2,989,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Accordant Advisory Group Inc increased its position in shares of Amazon.
com by 400.0% during the 4th 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 during the last quarter.
Icon Wealth Advisors LLC boosted its stake in Amazon.com by 20.5% in the 3rd quarter.
Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew its stake in Amazon.com by 23.
8% during 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 in the last quarter. Compass Planning Associates Inc bought a new position in Amazon.
com during the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at $54,000.
72.20% of the stock is owned by institutional investors. Amazon.
com Stock Down 5.2 %NASDAQ:AMZN opened at $181.22 on Friday.
The company’s fifty day moving average price is $205.37 and its 200-day moving average price 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, Inc. has a 1-year low of $151.61 and a 1-year high of $242.
52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.
06 and a quick ratio of 0.87. Amazon.
com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%.
As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.
31 EPS for the current year. Wall Street Analysts Forecast GrowthA number of equities analysts have recently commented on the company. Westpark Capital started coverage on Amazon.
com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 target price for the company.
Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th.
Barclays increased their target price on Amazon.com from $235.00 to $265.
00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $207.
00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Finally, TD Cowen raised their target price on shares of Amazon.
com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.
Two 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, Amazon.
com currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.19.Read Our Latest Research Report on AMZNInsiders Place Their BetsIn other Amazon.
com news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.
78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J.
Herrington sold 27,500 shares of the business’s 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 owns 497,067 shares in the company, valued at $114,459,618.09.
The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last 90 days, insiders have sold 104,798 shares of company stock worth $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.Further ReadingFive stocks we like better than Amazon.
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