Guidant Wealth Advisors lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 74.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39 shares of the e-commerce giant’s stock after selling 115 shares during the period. Guidant Wealth Advisors’ holdings in Amazon.com were worth $58,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Bank of New York Mellon Corp lifted its holdings in shares of Amazon.com by 700,301.9% in the third quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock valued at $8,010,587,000 after purchasing an additional 3,998,724 shares in the last quarter. Vanguard Group Inc raised its position in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after buying an additional 516,913 shares during the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $180,236,000. Morgan Stanley raised its position in shares of Amazon.com by 2.4% in the third quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock valued at $9,516,567,000 after buying an additional 113,503 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Amazon.com by 92.3% in the third quarter. Federated Investors Inc. PA now owns 226,838 shares of the e-commerce giant’s stock valued at $454,356,000 after buying an additional 108,848 shares during the last quarter. 56.11% of the stock is currently owned by institutional investors.
In other news, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $16,146,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the sale, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock valued at $11,802,708 in the last three months. Company insiders own 16.30% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, February 1st. Citigroup reissued an “in-line” rating and issued a $2,000.00 price objective on shares of Amazon.com in a research report on Friday, February 1st. CIBC boosted their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research report on Friday, December 21st. Four analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,139.02.
Amazon.com stock opened at $1,863.04 on Wednesday. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The firm has a market capitalization of $906.88 billion, a PE ratio of 92.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The company had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. During the same quarter in the prior year, the business earned $2.16 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 26.66 EPS for the current fiscal year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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