Penn Davis Mcfarland Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,405 shares of the e-commerce giant’s stock after buying an additional 191 shares during the quarter. Penn Davis Mcfarland Inc.’s holdings in Amazon.com were worth $705,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new position in Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $191,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $127.96 on Friday. The business’s 50-day moving average price is $134.65 and its two-hundred day moving average price is $122.71. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The stock has a market cap of $1.32 trillion, a P/E ratio of 100.76, a PEG ratio of 1.68 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Credit Suisse Group boosted their price objective on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Telsey Advisory Group restated an “outperform” rating and set a $160.00 price objective on shares of Amazon.com in a report on Friday, September 22nd. Mizuho reiterated a “buy” rating and set a $180.00 price target on shares of Amazon.com in a report on Wednesday, September 27th. TD Cowen upped their price target on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Argus reiterated a “buy” rating and set a $165.00 price target on shares of Amazon.com in a report on Wednesday, September 27th. Three analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.
Read Our Latest Report on AMZN
Insider Buying and Selling at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $129.48, for a total value of $64,740.00. Following the transaction, the chief executive officer now owns 149,780 shares in the company, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,145 shares of company stock valued at $55,144,443 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.
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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