Reston Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,577 shares of the e-commerce giant’s stock after acquiring an additional 177 shares during the period. Reston Wealth Management LLC’s holdings in Amazon.com were worth $369,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp grew its stake in Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC grew its position in shares of 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 buying an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after buying an additional 3,875,615 shares during the period. 56.67% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Trading Up 1.1 %
Shares of AMZN opened at $133.26 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 1-year low of $81.43 and a 1-year high of $143.63. The stock has a market cap of $1.37 trillion, a price-to-earnings ratio of 104.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The firm has a 50 day simple moving average of $132.03 and a 200-day simple moving average of $114.78.
Analysts Set New Price Targets
A number of equities research analysts have commented on AMZN shares. UBS Group increased their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Evercore ISI lifted their price target on Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BNP Paribas upgraded Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a report on Friday, August 4th. Needham & Company LLC boosted their target price on Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Redburn Partners increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.87.
Get Our Latest Stock Analysis on AMZN
Insiders Place Their Bets
In other news, VP Shelley Reynolds sold 3,100 shares of the business’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 transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. Insiders have sold 1,366,329 shares of company stock valued at $48,990,512 in the last ninety days. Insiders own 12.30% of the company’s stock.
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.
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