Cahill Financial Advisors Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,484 shares of the e-commerce giant’s stock after purchasing an additional 229 shares during the period. Cahill Financial Advisors Inc.’s holdings in Amazon.com were worth $959,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in AMZN. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $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% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its stake in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp increased its stake in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC increased its stake in Amazon.com by 24.8% during the first 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. 57.64% of the stock is currently owned by institutional investors.
Amazon.com Stock Performance
Shares of Amazon.com stock opened at $90.73 on Friday. The firm has a fifty day moving average of $95.85 and a two-hundred day moving average of $102.78. The stock has a market capitalization of $929.73 billion, a price-to-earnings ratio of -338.53, a PEG ratio of 3.80 and a beta of 1.25. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,394 shares of company stock worth $6,994,626. Insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on AMZN. Cowen boosted their price target on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. The Goldman Sachs Group lowered their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. New Street Research began coverage on Amazon.com in a research note on Wednesday, January 4th. They set a “buy” rating and a $130.00 price target on the stock. Telsey Advisory Group lowered their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 24th. Finally, Truist Financial lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.
About Amazon.com
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.
Read More
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