2 weeks Ago By Defense World Staff
Voisard Asset Management Group Inc. cut its stake in Amazon.com, Inc.
(NASDAQ:AMZN) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,611 shares of the e-commerce giant’s stock after selling 159 shares during the period.
Voisard Asset Management Group Inc.’s holdings in Amazon.com were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.
0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its position in shares of Amazon.
com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period.
Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% in the 4th quarter.
Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc bought a new position in shares of Amazon.com during the fourth quarter worth approximately $51,000.
Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the 4th quarter worth $54,000. 72.
20% of the stock is owned by institutional investors and hedge funds. Amazon.com Stock PerformanceAMZN opened at $181.
22 on Friday. The company has a fifty day moving average of $205.37 and a 200 day moving average of $208.
47. Amazon.com, Inc.
has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.
The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 32.77, a PEG 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 released its quarterly 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%. As a group, sell-side analysts forecast that Amazon.com, Inc.
will post 6.31 earnings per share for the current fiscal year. Insider ActivityIn other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.
87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J.
Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.
00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09.
This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here.
Over the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by insiders.
Wall Street Analysts Forecast GrowthSeveral research analysts have recently commented on the stock. UBS Group raised their target price on shares of Amazon.com from $230.
00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Royal Bank of Canada increased their target price on shares of Amazon.
com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.
Oppenheimer raised their price objective on Amazon.com from $230.00 to $260.
00 and gave the company an “outperform” rating in a report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.
com in a report on Friday, February 7th. Finally, Morgan Stanley upped their price target on Amazon.com from $230.
00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company.
According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.19.
Check Out Our Latest Research Report on AMZNAbout 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.See AlsoFive stocks we like better than Amazon.
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com, Inc. (NASDAQ:AMZN – Free Report)..
