2 weeks Ago By Defense World Staff
Morton Community Bank purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The firm purchased 958 shares of the e-commerce giant’s stock, valued at approximately $210,000. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ranch Capital Advisors Inc.
raised its position in shares of Amazon.com by 0.5% in the 4th quarter.
Ranch Capital Advisors Inc. now owns 12,244 shares of the e-commerce giant’s stock worth $2,686,000 after acquiring an additional 62 shares in the last quarter. Tortoise Investment Management LLC grew its stake in Amazon.
com by 10.4% during the fourth quarter. Tortoise Investment Management LLC now owns 5,106 shares of the e-commerce giant’s stock worth $1,120,000 after purchasing an additional 481 shares during the period.
Independent Advisor Alliance grew its stake in Amazon.com by 6.5% during the fourth quarter.
Independent Advisor Alliance now owns 592,295 shares of the e-commerce giant’s stock worth $129,944,000 after purchasing an additional 36,289 shares during the period. Marvin & Palmer Associates Inc. bought a new stake in Amazon.
com in the fourth quarter worth approximately $8,306,000. Finally, Paragon Private Wealth Management LLC lifted its stake in Amazon.com by 11.
0% in the fourth quarter. Paragon Private Wealth Management LLC now owns 23,885 shares of the e-commerce giant’s stock valued at $5,240,000 after buying an additional 2,365 shares during the period. Institutional investors and hedge funds own 72.
20% of the company’s stock. Amazon.com Stock PerformanceNASDAQ:AMZN opened at $181.
22 on Friday. 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. The business has a fifty day simple moving average of $205.37 and a two-hundred day simple moving average of $208.
47. The company has a market capitalization 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.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts expect that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. Wall Street Analyst Weigh InSeveral research firms have recently weighed in on AMZN.
HSBC lifted their price objective on shares of Amazon.com from $225.00 to $270.
00 and gave the company a “buy” rating in a research note on Monday, January 13th. DA Davidson upped their price objective on shares of Amazon.com from $235.
00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Piper Sandler reissued an “overweight” rating and set a $265.
00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th.
Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.
00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group increased their price target on Amazon.com from $240.
00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two investment 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 data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $258.19.
Read Our Latest Analysis on Amazon.comInsider ActivityIn other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st.
The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60.
Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.
97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st.
The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51.
Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.
87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter.
Company insiders own 10.80% of the company’s stock. 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 StoriesFive stocks we like better than Amazon.com3 Tickers Leading a Meme Stock RevivalJoby Aviation: Operational Momentum vs.
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(NASDAQ:AMZN – Free Report)..
