Gries Financial LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,751 shares of the e-commerce giant’s stock after buying an additional 1,571 shares during the quarter. Gries Financial LLC’s holdings in Amazon.com were worth $987,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC increased its holdings in shares of Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Knott David M Jr bought a new stake in shares of Amazon.com during the second quarter valued at approximately $32,000. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC grew its holdings in Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after buying an additional 342 shares in the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $98.95 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.01 trillion, a PE ratio of -366.48, a price-to-earnings-growth ratio of 4.11 and a beta of 1.25. The business’s 50-day moving average price is $97.01 and its 200-day moving average price is $101.35. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.
Insider Activity
In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several recent research reports. UBS Group upped their price target on Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Truist Financial decreased their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a report on Thursday. Benchmark upped their price target on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Amazon.com in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.72.
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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