Pacific Capital Wealth Advisors Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,904 shares of the e-commerce giant’s stock after selling 2,706 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in Amazon.com were worth $328,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC raised its position in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after acquiring an additional 116,383,502 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at about $8,263,591,000. Institutional investors own 57.64% of the company’s stock.
Amazon.com Trading Down 0.2 %
Shares of AMZN stock opened at $126.42 on Thursday. The firm has a fifty day moving average of $111.77 and a 200-day moving average of $100.56. The stock has a market cap of $1.30 trillion, a price-to-earnings ratio of 301.00, a P/E/G ratio of 2.40 and a beta of 1.26. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92.
Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,644 shares of company stock valued at $8,576,262. Corporate insiders own 12.70% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of Amazon.com in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. 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. Rosenblatt Securities raised their price objective on Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Truist Financial boosted their target price on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.28.
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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