2 weeks Ago By Defense World Staff
Tower Wealth Partners Inc. boosted its stake in shares of Amazon.com, Inc.
(NASDAQ:AMZN – Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,910 shares of the e-commerce giant’s stock after buying an additional 253 shares during the period.
Amazon.com makes up about 0.6% of Tower Wealth Partners Inc.
’s investment portfolio, making the stock its 24th largest holding. Tower Wealth Partners Inc.’s holdings in Amazon.
com were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. State Street Corp raised its holdings 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 buying an additional 11,370,309 shares during the last quarter.
Geode Capital Management LLC raised its position in 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 worth $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Amazon.com by 0.
8% during the 4th 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 period. Charles Schwab Investment Management Inc.
boosted its holdings in shares of Amazon.com by 4.1% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock valued at $13,084,026,000 after acquiring an additional 2,330,113 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Amazon.
com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the period.
72.20% of the stock is currently owned by institutional investors. Amazon.
com Stock PerformanceShares of NASDAQ AMZN opened at $181.22 on Friday. The firm’s fifty day moving average is $205.
37 and its two-hundred day moving average is $208.47. Amazon.
com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.
52. 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 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 issued its earnings results on Thursday, February 6th.
The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that Amazon.
com, Inc. will post 6.31 EPS for the current fiscal year.
Insiders Place Their BetsIn other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.
50, for a total transaction 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 $10,864,125.
This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th.
The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00.
Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.
24 % 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 in the last quarter.
10.80% of the stock is currently owned by insiders. Analyst Upgrades and DowngradesA number of brokerages recently weighed in on AMZN.
Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, April 3rd. The Goldman Sachs Group boosted their target price on shares of Amazon.
com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th.
Raymond James raised their price target on Amazon.com from $260.00 to $275.
00 in a research note on Monday, February 10th. TD Cowen upped their price objective on Amazon.com from $240.
00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lowered their target price on Amazon.
com from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, March 31st.
Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.
19.Read Our Latest Report on Amazon.comAmazon.
com Company 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.Recommended StoriesFive stocks we like better than Amazon.comThere Are Different Types of Stock To Invest InJoby Aviation: Operational Momentum vs.
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