Bender Robert & Associates Acquires 5,471 Shares of Amazon.com, Inc. (NASDAQ:AMZN) - Defense World
A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Shepherd Financial Partners LLC grew its position in shares of Amazon.com by 5.2% during the first quarter. Shepherd Financial Partners LLC now owns 86,996 shares of the e-commerce giant’s stock worth $16,552,000 after acquiring an additional 4,263 shares during the last quarter. Cushing Capital Partners LLC grew its position in shares of Amazon.com by 26.2% during the first quarter. Cushing Capital Partners LLC now owns 1,381 shares of the e-commerce giant’s stock worth $263,000 after acquiring an additional 287 shares during the last quarter. Hemenway Trust Co LLC grew its position in shares of Amazon.com by 3.5% during the first quarter. Hemenway Trust Co LLC now owns 248,165 shares of the e-commerce giant’s stock worth $47,216,000 after acquiring an additional 8,277 shares during the last quarter. Market Street Wealth Management Advisors LLC grew its position in shares of Amazon.com by 17.7% during the first quarter. Market Street Wealth Management Advisors LLC now owns 6,552 shares of the e-commerce giant’s stock worth $1,247,000 after acquiring an additional 987 shares during the last quarter. Finally, Planning Center Inc. grew its position in shares of Amazon.com by 12.1% during the first quarter. Planning Center Inc. now owns 10,432 shares of the e-commerce giant’s stock worth $1,985,000 after acquiring an additional 1,122 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is owned by company insiders.
NASDAQ:AMZN opened at $223.13 on Friday. The stock’s 50 day moving average price is $206.44 and its 200 day moving average price is $208.62. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
AMZN has been the subject of several recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Barclays lowered their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.60.
Check Out Our Latest Stock Analysis on Amazon.com
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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