Siligmueller & Norvid Wealth Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 94.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,794 shares of the e-commerce giant's stock after acquiring an additional 2,819 shares during the period. Siligmueller & Norvid Wealth Advisors LLC's holdings in Amazon.com were worth $1,272,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Amazon.com in the 2nd quarter valued at $27,438,011,000. Nuveen LLC purchased a new position in Amazon.com during the 1st quarter worth $11,674,091,000. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant's stock worth $186,420,422,000 after acquiring an additional 17,447,045 shares during the period. Laurel Wealth Advisors LLC raised its holdings in Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
Insider Buying and Selling
In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of the firm's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the sale, the chief executive officer directly owned 9,405 shares of the company's stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the sale, the chief executive officer owned 522,361 shares of the company's stock, valued at approximately $107,512,341.02. This trade represents a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,686 shares of company stock worth $14,688,739 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on AMZN shares. Citigroup dropped their target price on Amazon.com from $320.00 to $265.00 and set a "buy" rating on the stock in a research report on Monday, February 9th. Monness Crespi & Hardt reduced their target price on Amazon.com from $300.00 to $280.00 and set a "buy" rating for the company in a report on Friday, February 6th. Scotiabank restated an "outperform" rating and set a $275.00 target price (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Argus reaffirmed a "buy" rating and set a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. Finally, Stifel Nicolaus set a $300.00 price target on shares of Amazon.com and gave the company a "buy" rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $287.29.
Check Out Our Latest Stock Report on AMZN
Amazon.com Stock Performance
NASDAQ AMZN opened at $213.31 on Monday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. The business has a fifty day moving average of $224.83 and a 200-day moving average of $227.22. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for 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%. The firm's revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
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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