Jessup Wealth Management Inc purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 110,955 shares of the e-commerce giant’s stock, valued at approximately $9,320,000. Amazon.com makes up approximately 5.9% of Jessup Wealth Management Inc’s holdings, making the stock its 3rd biggest holding.
A number of other institutional investors and hedge funds have also modified their holdings of AMZN. McElhenny Sheffield Capital Management LLC acquired a new stake in Amazon.com during the fourth quarter valued at $27,000. Retirement Financial Solutions LLC acquired a new stake in Amazon.com during the fourth quarter valued at $32,000. Laurel Wealth Planning LLC boosted its position in 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 purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter valued at $38,000. Finally, Cowa LLC acquired a new stake in Amazon.com during the third quarter valued at $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Amazon.com Trading Down 3.4 %
Shares of NASDAQ:AMZN opened at $102.57 on Wednesday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The stock has a market cap of $1.05 trillion, a PE ratio of -382.71, a P/E/G ratio of 3.95 and a beta of 1.26. The business has a 50 day moving average of $98.55 and a 200-day moving average of $97.36. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, 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 transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction 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 $53,551,880.20. The disclosure for this sale can be found here. Insiders sold a total of 78,713 shares of company stock worth $7,739,103 over the last three months. Corporate insiders own 12.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on AMZN. Credit Suisse Group reduced their price target on Amazon.com from $150.00 to $140.00 in a research report on Tuesday. Morgan Stanley boosted their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. reduced their price target on Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research report on Wednesday, April 19th. Finally, Oppenheimer cut their price objective on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.75.
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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