Sweet Financial Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,822 shares of the e-commerce giant’s stock after purchasing an additional 277 shares during the quarter. Sweet Financial Partners LLC’s holdings in Amazon.com were worth $884,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Kavar Capital Partners Group LLC raised its stake in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd increased its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp boosted its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its holdings in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors own 57.64% of the company’s stock.
Amazon.com Stock Up 0.3 %
Amazon.com stock opened at $93.76 on Tuesday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a 50 day moving average of $94.28 and a 200-day moving average of $105.50. The stock has a market capitalization of $960.78 billion, a PE ratio of -349.84, a price-to-earnings-growth ratio of 3.85 and a beta of 1.22. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a report on Friday, February 3rd. MKM Partners reduced their target price on Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Rosenblatt Securities boosted their price target on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Truist Financial dropped their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Finally, Evercore ISI upped their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.
Insiders Place Their Bets
In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The disclosure for this sale can be found here. Insiders have sold 67,394 shares of company stock worth $6,619,426 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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