Bannerman Wealth Management Group LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,040 shares of the e-commerce giant's stock, valued at approximately $1,545,000. Amazon.com makes up approximately 1.3% of Bannerman Wealth Management Group LLC's portfolio, making the stock its 14th biggest position.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Alpha Wealth Funds LLC purchased a new stake in Amazon.com during the 4th quarter worth approximately $237,000. Copia Wealth Management acquired a new position in Amazon.com during the fourth quarter worth $1,244,000. IronOak Wealth LLC. acquired a new position in Amazon.com in the 4th quarter valued at $3,355,000. Elite Financial Inc. purchased a new stake in Amazon.com during the 4th quarter valued at about $698,000. Finally, Arcadia Wealth Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter worth $405,000. Institutional investors own 72.20% of the company's stock.
Amazon.com Price Performance
Shares of Amazon.com stock traded up $3.41 on Monday, hitting $216.98. The company had a trading volume of 38,032,098 shares, compared to its average volume of 42,143,652. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.30 trillion, a PE ratio of 39.24, a PEG ratio of 1.50 and a beta of 1.33. The business has a 50-day simple moving average of $191.84 and a 200-day simple moving average of $208.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Corporate insiders own 9.70% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on AMZN. Truist Financial decreased their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Tigress Financial increased their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.89.
Get Our Latest Report on AMZN
Amazon.com Company Profile
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Free Report)
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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