Talbot Financial LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,152 shares of the e-commerce giant’s stock after purchasing an additional 11,183 shares during the period. Amazon.com comprises about 5.1% of Talbot Financial LLC’s holdings, making the stock its 3rd largest holding. Talbot Financial LLC’s holdings in Amazon.com were worth $27,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fiduciary Planning LLC raised its stake in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC raised its stake in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. raised its stake in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners raised its stake in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the period. Institutional investors own 56.67% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on AMZN shares. Susquehanna lifted their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, August 4th. Bank of America lifted their price objective on shares of Amazon.com from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, StockNews.com cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Three analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.87.
Insider Activity
In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the sale, the chief executive officer now owns 152,780 shares in the company, valued at $19,291,530.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,366,329 shares of company stock worth $48,990,512 over the last 90 days. 12.30% of the stock is currently owned by corporate insiders.
Amazon.com Stock Performance
AMZN stock opened at $131.84 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The business has a 50-day moving average price of $131.87 and a 200 day moving average price of $114.57. The company has a market capitalization of $1.36 trillion, a P/E ratio of 103.81, a PEG ratio of 1.83 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 2.16 EPS for the current fiscal year.
Amazon.com Company 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.
Read More
- Five stocks we like better than Amazon.com
- Investing In Preferred Stock vs. Common Stock
- Can These 2 Industrial Titans Extend Double-Digit YTD Growth?
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- How to Profit from These 3 Membership Club Stocks’ Strengths
- Profitably Trade Stocks at 52-Week Highs
- 5 Best High-Yield Dividend Stocks for Any Economic Climate
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
