2 weeks Ago By Defense World Staff
Platinum Investment Management Ltd. lessened its stake in Amazon.com, Inc.
( NASDAQ:AMZN ) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,770 shares of the e-commerce giant’s stock after selling 4,545 shares during the period.
Amazon.com comprises 0.8% of Platinum Investment Management Ltd.
’s portfolio, making the stock its 22nd biggest holding. Platinum Investment Management Ltd.’s holdings in Amazon.
com were worth $13,113,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also modified their holdings of the company. Rench Wealth Management Inc.
grew its holdings in shares of Amazon.com by 7.9% in the 3rd quarter.
Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC boosted its position in Amazon.
com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the last quarter.
One Wealth Capital Management LLC bought a new stake in Amazon.com during the 4th quarter worth about $4,270,000. Floyd Financial Group LLC acquired a new stake in Amazon.
com during the 4th quarter worth $4,494,000. Finally, Patton Albertson Miller Group LLC increased its holdings in Amazon.com by 2.
7% in the fourth quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant’s stock valued at $4,122,000 after purchasing an additional 495 shares during the last quarter. 72.
20% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several equities research analysts have weighed in on AMZN shares. The Goldman Sachs Group increased their target price on shares of Amazon.
com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th.
Westpark Capital initiated coverage on shares of Amazon.com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.
00 target price for the company. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th.
Maxim Group boosted their price target on Amazon.com from $260.00 to $280.
00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, HSBC upped their price objective on shares of Amazon.com from $225.
00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company.
According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.
73. Insider Transactions at Amazon.com In other Amazon.
com news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.
44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.
92. This represents a 1.08 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.
47, for a total transaction of $1,965,077.51. Following the completion of the transaction, 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 position.
The disclosure for this sale can be found here . Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.
80% of the stock is currently owned by corporate insiders. Amazon.com Price Performance Amazon.
com stock opened at $172.51 on Friday. The stock has a market capitalization of $1.
83 trillion, a price-to-earnings ratio of 31.19, a PEG 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 company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.
06. The stock’s 50 day moving average price is $198.44 and its two-hundred day moving average price is $208.
04. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last released its earnings results 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 net margin of 9.
29% and a return on equity of 24.25%. On average, equities analysts predict that Amazon.
com, Inc. will post 6.31 earnings per share 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). 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 Stories Five stocks we like better than Amazon.
com How to Calculate Options Profits J.B. Hunt Transport Overcorrects Into a Buying Opportunity Dividend Capture Strategy: What You Need to Know AppLovin: Can Record Profits Overcome Market Skepticism? Roth IRA Calculator: Calculate Your Potential Returns MarketBeat Week in Review – 04/14 – 04/18 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 ).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.
com's FREE daily email newsletter ..
