WPWealth LLP purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,588 shares of the e-commerce giant’s stock, valued at approximately $217,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Perennial Advisors LLC lifted its position in shares of Amazon.com by 4.8% during the fourth quarter. Perennial Advisors LLC now owns 70,492 shares of the e-commerce giant’s stock worth $5,921,000 after purchasing an additional 3,231 shares in the last quarter. BerganKDV Wealth Management LLC lifted its position in shares of Amazon.com by 2.1% during the fourth quarter. BerganKDV Wealth Management LLC now owns 41,295 shares of the e-commerce giant’s stock worth $3,469,000 after purchasing an additional 854 shares in the last quarter. Cohen Capital Management Inc. lifted its position in shares of Amazon.com by 1.0% during the fourth quarter. Cohen Capital Management Inc. now owns 70,880 shares of the e-commerce giant’s stock worth $5,954,000 after purchasing an additional 700 shares in the last quarter. WealthBridge Capital Management LLC raised its stake in shares of Amazon.com by 4.2% during the fourth quarter. WealthBridge Capital Management LLC now owns 54,340 shares of the e-commerce giant’s stock worth $4,565,000 after buying an additional 2,186 shares during the last quarter. Finally, New World Advisors LLC raised its stake in shares of Amazon.com by 19.9% during the fourth quarter. New World Advisors LLC now owns 21,751 shares of the e-commerce giant’s stock worth $1,827,000 after buying an additional 3,613 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The disclosure for this sale can be found here. Insiders have sold 78,713 shares of company stock valued at $7,739,103 over the last ninety days. 12.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Amazon.com Stock Performance
Shares of AMZN stock opened at $105.45 on Friday. The stock has a market cap of $1.08 trillion, a P/E ratio of -393.46, a P/E/G ratio of 4.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The company has a fifty day moving average price of $99.02 and a two-hundred day moving average price of $97.44. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 1.37 EPS for the current year.
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.
See Also
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- How to Invest in the Top Grocery Stocks for This Year
- Array Technologies Brings Solar Flare To 2023 Earnings Forecast
- Best Bank Stocks to Invest in Ahead of Rising Interest Rates
- How to Invest in Farmland: 7 Simple Ways
- ExxonMobil Gushes To New Highs
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
