Founders Grove Wealth Partners LLC Makes New $943,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Founders Grove Wealth Partners LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,299 shares of the e-commerce giant's stock, valued at approximately $943,000.
A number of other institutional investors have also recently bought and sold shares of AMZN. International Assets Investment Management LLC grew its holdings in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the period. Parnassus Investments LLC grew its holdings in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after buying an additional 11,391,479 shares during the period. State Street Corp grew its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after buying an additional 3,903,889 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.
In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.
Several brokerages have recently issued reports on AMZN. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Oppenheimer boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen boosted their price target on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $249.46.
Get Our Latest Research Report on Amazon.com
Shares of Amazon.com stock opened at $235.50 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $236.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.43, a PEG ratio of 1.31 and a beta of 1.14. The firm's 50-day moving average is $220.27 and its two-hundred day moving average is $197.44.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm's revenue was up 11.0% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.
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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