HF Advisory Group LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,605 shares of the e-commerce giant’s stock, valued at approximately $1,311,000. Amazon.com makes up approximately 1.3% of HF Advisory Group LLC’s investment portfolio, making the stock its 17th biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares during the last quarter. State Street Corp boosted its position in Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $113.40 on Wednesday. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 270.00, a price-to-earnings-growth ratio of 3.73 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock has a 50 day moving average price of $102.17 and a 200-day moving average price of $96.66. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57.
Insider Activity at Amazon.com
In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total transaction of $54,256.80. Following the completion of the sale, the chief executive officer now directly owns 135,760 shares in the company, valued at approximately $14,165,198.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders sold a total of 50,259 shares of company stock worth $4,866,360 in the last quarter. 12.70% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
AMZN has been the topic of several research reports. Wolfe Research raised their target price on Amazon.com from $130.00 to $140.00 in a research report on Friday, April 28th. Mizuho raised their price objective on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Robert W. Baird raised their price objective on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Moffett Nathanson decreased their price objective on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research note on Monday, April 24th. Finally, Bank of America raised their price objective on Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.
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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