Smart Money Group LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,911 shares of the e-commerce giant’s stock after selling 371 shares during the quarter. Smart Money Group LLC’s holdings in Amazon.com were worth $307,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Emfo LLC grew its stake in Amazon.com by 26.2% during the 1st quarter. Emfo LLC now owns 26,020 shares of the e-commerce giant’s stock worth $2,688,000 after buying an additional 5,400 shares during the last quarter. TFC Financial Management Inc. grew its stake in Amazon.com by 36.3% during the 1st quarter. TFC Financial Management Inc. now owns 5,882 shares of the e-commerce giant’s stock worth $608,000 after buying an additional 1,568 shares during the last quarter. Talbot Financial LLC grew its stake in Amazon.com by 4.4% during the 1st quarter. Talbot Financial LLC now owns 267,152 shares of the e-commerce giant’s stock worth $27,594,000 after buying an additional 11,183 shares during the last quarter. Red Door Wealth Management LLC grew its stake in Amazon.com by 1.4% during the 1st quarter. Red Door Wealth Management LLC now owns 67,828 shares of the e-commerce giant’s stock worth $7,006,000 after buying an additional 959 shares during the last quarter. Finally, Van Leeuwen & Company LLC grew its stake in Amazon.com by 7.8% during the 1st quarter. Van Leeuwen & Company LLC now owns 17,706 shares of the e-commerce giant’s stock worth $1,829,000 after buying an additional 1,286 shares during the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.
Amazon.com Trading Down 2.7 %
Shares of AMZN 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. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63. The stock’s 50-day moving average is $131.87 and its two-hundred day moving average is $114.57. The stock has a market cap of $1.36 trillion, a PE ratio of 103.81, a P/E/G ratio of 1.83 and a beta of 1.26.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Canaccord Genuity Group increased their price objective on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Wells Fargo & Company increased their price objective on Amazon.com from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. UBS Group increased their price objective on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Truist Financial increased their price objective on Amazon.com from $144.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Tigress Financial increased their price objective on Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $160.87.
Get Our Latest Research Report on AMZN
Insider Buying and Selling
In related news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the transaction, the chief executive officer now owns 2,030,868 shares in the company, valued at $271,973,842.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $120.61, for a total value of $482,440.00. Following the completion of the sale, the chief executive officer now directly owns 568,301 shares of the company’s stock, valued at $68,542,783.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.92, for a total value of $2,937,267.36. Following the completion of the sale, the chief executive officer now directly owns 2,030,868 shares of the company’s stock, valued at $271,973,842.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,366,329 shares of company stock worth $48,990,512. 12.30% of the stock is currently 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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