1 week Ago By Defense World Staff
Penobscot Investment Management Company Inc. boosted its position in shares of Amazon.com, Inc.
( NASDAQ:AMZN – Free Report ) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,078 shares of the e-commerce giant’s stock after purchasing an additional 1,628 shares during the period.
Amazon.com comprises 2.1% of Penobscot Investment Management Company Inc.
’s holdings, making the stock its 8th largest position. Penobscot Investment Management Company Inc.’s holdings in Amazon.
com were worth $22,614,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc.
increased its stake in Amazon.com by 2.2% in the 4th quarter.
Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. State Street Corp boosted its stake 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 grew 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 acquiring an additional 6,545,944 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Amazon.com by 0.
8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc.
raised its holdings in Amazon.com by 4.1% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock worth $13,084,026,000 after acquiring an additional 2,330,113 shares in the last quarter. Institutional investors own 72.
20% of the company’s stock. Analyst Upgrades and Downgrades A number of research analysts have weighed in on the company. Jefferies Financial Group decreased their price target on Amazon.
com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd.
Telsey Advisory Group decreased their target price on shares of Amazon.com from $275.00 to $235.
00 and set an “outperform” rating for the company in a research note on Wednesday. Benchmark boosted their target price on shares of Amazon.com from $215.
00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Barclays increased their price target on shares of Amazon.
com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th.
Finally, Wedbush reissued an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th.
Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $247.
56. Amazon.com Stock Up 1.
3 % Shares of NASDAQ AMZN opened at $188.99 on Friday. The stock has a market capitalization of $2.
00 trillion, a P/E ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.
39. The stock’s fifty day moving average is $193.52 and its 200 day moving average is $207.
90. Amazon.com, Inc.
has a 52 week low of $151.61 and a 52 week high of $242.52.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.
06. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last released its earnings results on Thursday, February 6th.
The e-commerce giant reported $1.86 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%. Sell-side analysts forecast that Amazon.
com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insider Activity at Amazon.com In other Amazon.com news, CEO Douglas J.
Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.
44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92.
This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.
50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125.
The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is owned by 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 Reading Five stocks we like better than Amazon.
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