Personal Capital Advisors Corp lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,428,693 shares of the e-commerce giant’s stock after buying an additional 32,430 shares during the quarter. Personal Capital Advisors Corp’s holdings in Amazon.com were worth $120,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. St. James Investment Advisors LLC lifted its stake in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after buying an additional 170 shares in the last quarter. Retirement Financial Solutions LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $32,000. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Amazon.com Stock Down 0.2 %
NASDAQ:AMZN opened at $126.42 on Thursday. The company has a market cap of $1.30 trillion, a PE ratio of 301.00, a P/E/G ratio of 2.40 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $111.77 and its two-hundred day moving average is $100.56.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 556,298 shares in the company, valued at approximately $56,881,470.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on 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 owns 137,300 shares of the company’s stock, valued at $13,959,291. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,644 shares of company stock worth $8,576,262. Company insiders own 12.70% of the company’s stock.
Analyst Upgrades and Downgrades
AMZN has been the topic of several analyst reports. Wedbush upped their target price on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. StockNews.com assumed coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. UBS Group increased their price objective on shares of Amazon.com from $130.00 to $150.00 in a research report on Thursday, June 8th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Finally, Sanford C. Bernstein increased their price target on shares of Amazon.com from $125.00 to $140.00 in a research report on Wednesday, May 31st. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.28.
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.
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