Sanders Morris Harris LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,845 shares of the e-commerce giant’s stock after acquiring an additional 950 shares during the period. Amazon.com makes up about 0.6% of Sanders Morris Harris LLC’s portfolio, making the stock its 25th largest holding. Sanders Morris Harris LLC’s holdings in Amazon.com were worth $1,667,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $228,000. Krane Funds Advisors LLC grew its position in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com in the 1st quarter worth about $191,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $98.13 on Friday. The company has a fifty day simple moving average of $97.58 and a two-hundred day simple moving average of $100.72. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -366.14, a price-to-earnings-growth ratio of 4.16 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AMZN. UBS Group lifted their price objective on Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a report on Friday, February 3rd. Cowen lifted their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. StockNews.com began coverage on Amazon.com in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Tigress Financial reiterated a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a report on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.72.
Insiders Place Their Bets
In related news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction 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 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. Insiders sold a total of 73,693 shares of company stock worth $7,225,308 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.
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
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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