2 weeks Ago By Defense World Staff
Moran Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.
8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,461 shares of the e-commerce giant’s stock after purchasing an additional 1,236 shares during the period. Moran Wealth Management LLC’s holdings in Amazon.
com were worth $4,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also modified their holdings of the company. Swedbank AB increased its position in Amazon.
com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the period.
Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com during the third quarter valued at approximately $279,000. Howard Capital Management Group LLC increased its holdings in Amazon.
com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after buying an additional 897 shares during the period.
Meridian Management Co. raised its stake in Amazon.com by 27.
6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after buying an additional 7,246 shares in the last quarter.
Finally, Pettinga Financial Advisors LLC lifted its holdings in Amazon.com by 4.3% during the third quarter.
Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after buying an additional 225 shares during the period. 72.20% of the stock is owned by institutional investors.
Insider ActivityIn other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.
09. This trade represents a 5.24 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.
72, for a total value of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares of the company’s stock, valued at $15,265,436.
64. This represents a 7.80 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.
80% of the company’s stock. Analysts Set New Price TargetsA number of research analysts have recently issued reports on AMZN shares. Piper Sandler reiterated an “overweight” rating and issued a $265.
00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th.
The Goldman Sachs Group lifted their target price on Amazon.com from $240.00 to $255.
00 and gave the company a “buy” rating in a research note on Friday, February 7th. Sanford C. Bernstein increased their price target on shares of Amazon.
com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th.
Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th.
Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two research 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 company’s stock.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $258.19.
Get Our Latest Stock Report on Amazon.comAmazon.com Stock PerformanceShares of NASDAQ AMZN opened at $181.
22 on Friday. Amazon.com, Inc.
has a 12 month low of $151.61 and a 12 month high of $242.52.
The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.
18. The company has a market cap of $1.92 trillion, a P/E ratio of 32.
77, a P/E/G ratio of 1.50 and a beta of 1.39.
The business’s 50 day moving average is $205.37 and its two-hundred day moving average is $208.47.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued 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 return on equity of 24.25% and a net margin of 9.
29%. On average, equities analysts expect 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).
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