44 Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 124.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,316 shares of the e-commerce giant's stock after purchasing an additional 10,173 shares during the quarter. Amazon.com comprises about 1.4% of 44 Wealth Management LLC's holdings, making the stock its 7th largest position. 44 Wealth Management LLC's holdings in Amazon.com were worth $4,022,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC lifted its stake in shares of Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $27,000. Bridge Generations Wealth Management LLC grew its stake in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 233 shares during the period. Cooksen Wealth LLC raised its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after acquiring an additional 47 shares during the last quarter. Finally, PayPay Securities Corp raised its holdings in Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after acquiring an additional 96 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Amazon.com
In other news, CEO Douglas J. Herrington sold 6,835 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the transaction, the chief executive officer directly owned 522,361 shares of the company's stock, valued at approximately $107,512,341.02. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the transaction, the vice president owned 119,780 shares of the company's stock, valued at $24,662,702. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,686 shares of company stock worth $14,688,739 over the last 90 days. 9.70% of the stock is owned by corporate insiders.
Amazon.com Trading Down 0.9%
Shares of AMZN opened at $207.67 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The stock's 50-day moving average is $222.93 and its two-hundred day moving average is $226.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The stock has a market cap of $2.23 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.56 and a beta of 1.40.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. Amazon.com's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price objective on shares of Amazon.com in a report on Friday, February 6th. Piper Sandler reiterated an "overweight" rating and issued a $260.00 target price (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 1st. TD Cowen reissued a "buy" rating on shares of Amazon.com in a research note on Friday, February 6th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Amazon.com in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $286.93.
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Key Amazon.com News
Here are the key news stories impacting Amazon.com this week:
About Amazon.com
(
Free Report)
Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
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