Ausdal Financial Partners Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,109 shares of the e-commerce giant’s stock after buying an additional 729 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Amazon.com were worth $3,317,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of AMZN. State Street Corp boosted its stake in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC boosted its position 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 purchasing an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Amazon.com by 120,235.9% during 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 purchasing an additional 116,383,502 shares in the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com during the fourth quarter worth $8,263,591,000. 56.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Piper Jaffray Companies boosted their target price on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Benchmark boosted their price target on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Loop Capital boosted their price target on Amazon.com from $140.00 to $180.00 in a report on Thursday, June 22nd. Susquehanna boosted their price target on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, August 4th. Finally, Barclays boosted their price target on Amazon.com from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.46.
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $138.41 on Monday. The stock has a fifty day moving average price of $130.09 and a two-hundred day moving average price of $112.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The firm has a market cap of $1.42 trillion, a P/E ratio of 108.99, a PEG ratio of 1.90 and a beta of 1.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $116.69, for a total value of $1,960,392.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $5,717,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,289,545 shares of company stock valued at $37,421,157. 12.30% of the stock is owned by corporate insiders.
Amazon.com Profile
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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