Vicus Capital boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,205 shares of the e-commerce giant’s stock after purchasing an additional 3,656 shares during the period. Vicus Capital’s holdings in Amazon.com were worth $2,190,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. St. James Investment Advisors LLC increased 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 acquiring an additional 170 shares during the last quarter. Laurel Wealth Planning LLC boosted its holdings 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 acquiring an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com during the fourth quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter valued at about $38,000. Finally, Ruedi Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at about $40,000. 56.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AMZN has been the subject of several research reports. Benchmark increased their target price on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a research note on Friday, August 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. JMP Securities increased their price target on shares of Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Wedbush increased their price target on shares of Amazon.com from $146.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.89.
Amazon.com Price Performance
Shares of AMZN stock opened at $139.94 on Wednesday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The firm has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 110.19, a price-to-earnings-growth ratio of 2.67 and a beta of 1.26. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $128.78 and a 200-day moving average of $111.56.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 10,760 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 10,760 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,305 shares of company stock valued at $15,656,808. Company insiders own 12.70% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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