JustInvest LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,801 shares of the e-commerce giant’s stock after buying an additional 2,507 shares during the period. Amazon.com accounts for approximately 2.3% of JustInvest LLC’s portfolio, making the stock its 3rd largest holding. JustInvest LLC’s holdings in Amazon.com were worth $ 39,349,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Towercrest Capital Management increased its position in shares of Amazon.com by 3.7% during the third quarter. Towercrest Capital Management now owns 111 shares of the e-commerce giant’s stock valued at $ 365,000 after buying an additional 4 shares during the period. First Command Bank increased its position in shares of Amazon.com by 0.3% during the third quarter. First Command Bank now owns 1,161 shares of the e-commerce giant’s stock valued at $ 3,814,000 after buying an additional 4 shares during the period. Stone House Investment Management LLC increased its position in shares of Amazon.com by 6.5% during the fourth quarter. Stone House Investment Management LLC now owns 66 shares of the e-commerce giant’s stock valued at $ 220,000 after buying an additional 4 shares during the period. Grand Central Investment Group increased its position in shares of Amazon.com by 4.1% during the fourth quarter. Grand Central Investment Group now owns 102 shares of the e-commerce giant’s stock valued at $ 340,000 after buying an additional 4 shares during the period. Finally, MA Private Wealth increased its position in shares of Amazon.com by 3.1% during the fourth quarter. MA Private Wealth now owns 134 shares of the e-commerce giant’s stock valued at $ 447,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 72.51% of the company stock.
In other news, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $ 2,169.22, for a total transaction of $ 375,275.06. Following the completion of the transaction, the vice president now directly owns 5,989 shares in the company, valued at $ 12,991,458.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $ 2,169.22, for a total value of $ 4,924,129.40. Following the transaction, the chief executive officer now owns 6,695 shares of the company stock, valued at $ 14,522,927.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,837 shares of company stock valued at $ 10,642,923. 12.70% of the stock is owned by corporate insiders.
AMZN opened at $ 106.22 on Friday. The stock has a fifty day simple moving average of $ 123.52 and a two-hundred day simple moving average of $ 146.73. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The company has a market cap of $ 1.08 trillion, a price-to-earnings ratio of 51.28, a price-to-earnings-growth ratio of 3.16 and a beta of 1.23. Amazon.com, Inc. has a 12-month low of $ 101.26 and a 12-month high of $ 188.65.
Amazon.com (NASDAQ: AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $ 0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 0.44 by ($ 0.23). The firm had revenue of $ 116.44 billion during the quarter, compared to the consensus estimate of $ 116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. Amazon.com’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $ 0.79 EPS. On average, analysts predict that Amazon.com, Inc. will post 1.23 EPS for the current year.
AMZN has been the topic of several research analyst reports. Rosenblatt Securities initiated coverage on shares of Amazon.com in a research report on Tuesday, April 19th. They issued a “neutral” rating and a $ 150.00 price objective on the stock. TheStreet cut shares of Amazon.com from a “b” rating to a “c +” rating in a research report on Thursday, April 28th. Piper Sandler decreased their price objective on shares of Amazon.com from $ 195.00 to $ 170.00 and set an “overweight” rating on the stock in a research report on Friday, April 29th. Susquehanna Bancshares decreased their price objective on shares of Amazon.com from $ 250.00 to $ 190.00 in a research report on Friday, April 29th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $ 200.00 price objective on shares of Amazon.com in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $ 187.67.
Amazon.com Profile: (Get Rating)
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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