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Baird Financial Group Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Published 17 hours ago5 minute read
(NASDAQ:AMZN) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,582,158 shares of the e-commerce giant’s stock after buying an additional 118,518 shares during the quarter. Amazon.com accounts for 1.1% of Baird Financial Group Inc.’s investment portfolio, making the stock its 16th largest holding. Baird Financial Group Inc.’s holdings in Amazon.com were worth $566,500,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,749 shares of company stock worth $24,197,235 in the last three months. Company insiders own 9.70% of the company’s stock.

Amazon.com stock opened at $200.99 on Friday. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm’s 50-day moving average is $190.05 and its two-hundred day moving average is $208.80.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

A number of brokerages have commented on AMZN. Raymond James restated an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. UBS Group reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Citigroup reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

View Our Latest Stock Analysis on AMZN

(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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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