Goodwin Daniel L reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,840 shares of the e-commerce giant’s stock after selling 7,800 shares during the quarter. Amazon.com comprises 1.4% of Goodwin Daniel L’s portfolio, making the stock its 9th biggest holding. Goodwin Daniel L’s holdings in Amazon.com were worth $2,843,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Fiduciary Planning LLC grew its position in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its position in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its position in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its position in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners lifted its position in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares in the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total value of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at $13,959,291. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total value of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at $13,959,291. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $102.25, for a total value of $409,000.00. Following the completion of the sale, the chief executive officer now directly owns 556,298 shares in the company, valued at approximately $56,881,470.50. The disclosure for this sale can be found here. Insiders have sold a total of 78,193 shares of company stock valued at $7,685,143 over the last 90 days. 12.70% of the stock is owned by corporate insiders.
Amazon.com Stock Up 0.9 %
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently issued reports on AMZN shares. JPMorgan Chase & Co. reduced their price target on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, March 16th. Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Benchmark boosted their price objective on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Wedbush dropped their price objective on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Finally, Roth Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.59.
Amazon.com Company 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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