Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by MBA Advisors LLC
MBA Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,196 shares of the e-commerce giant's stock after selling 1,519 shares during the quarter. MBA Advisors LLC's holdings in Amazon.com were worth $1,140,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Rench Wealth Management Inc. lifted its stake in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after buying an additional 16,392 shares during the last quarter. Blankinship & Foster LLC raised its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank lifted its position in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after buying an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.
In related news, SVP David Zapolsky sold 5,848 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,649 shares of company stock valued at $23,871,905 in the last three months. Corporate insiders own 10.80% of the company's stock.
AMZN opened at $199.25 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The firm's 50-day simple moving average is $224.11 and its 200-day simple moving average is $206.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
A number of brokerages recently weighed in on AMZN. Moffett Nathanson raised their price objective on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler reissued an "overweight" rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $260.65.
View Our Latest Analysis on AMZN
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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