2 weeks Ago By Defense World Staff
Summit Global Investments cut its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 36.
2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,983 shares of the e-commerce giant’s stock after selling 28,870 shares during the period. Summit Global Investments’ holdings in Amazon.
com were worth $11,185,000 at the end of the most recent quarter. Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in Amazon.
com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the period.
Parnassus Investments LLC boosted its holdings in shares of Amazon.com by 82,457.3% in the third quarter.
Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp grew its stake in Amazon.com by 3.
3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC increased its holdings in Amazon.
com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period.
Finally, Strategic Financial Concepts LLC raised its position in Amazon.com by 23,742.9% during the 4th quarter.
Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after purchasing an additional 5,081,217 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
Insider Transactions at Amazon.comIn other Amazon.com news, CEO Andrew R.
Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90.
The trade was a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.
99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.
26. This trade represents a 0.49 % decrease in their position.
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 in the last ninety days. 10.
80% of the stock is currently owned by corporate insiders. Amazon.com Stock Up 3.
5 %Shares of AMZN stock opened at $173.18 on Wednesday. Amazon.
com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.
52. The stock has a market cap of $1.84 trillion, a P/E ratio of 31.
32, a P/E/G ratio of 1.50 and a beta of 1.39.
The stock has a 50 day moving average of $196.07 and a 200 day moving average of $207.85.
The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.
18. 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, sell-side analysts expect that Amazon.
com, Inc. will post 6.31 EPS for the current year.
Analyst Upgrades and DowngradesA number of research firms have recently issued reports on AMZN. Oppenheimer increased their price target on Amazon.com from $230.
00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Morgan Stanley cut their target price on shares of Amazon.
com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th.
Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th.
Maxim Group lifted their price objective on shares of Amazon.com from $260.00 to $280.
00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, HSBC upped their target price on Amazon.com from $225.
00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock.
According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $248.
96.Get Our Latest Stock Report on Amazon.comAbout 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.Read MoreFive stocks we like better than Amazon.comProfitably Trade Stocks at 52-Week HighsHow to Invest in Micro-Cap Stocks Like a ProWhat Do S&P 500 Stocks Tell Investors About the Market? Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Stock Splits, Do They Really Impact Investors?Take-Two Interactive: A Defensive Play Set to Explode.
