Opal Wealth Advisors LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)
Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Elevation Wealth Partners LLC grew its position in Amazon.com by 11.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 7,074 shares of the e-commerce giant’s stock valued at $1,552,000 after acquiring an additional 721 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at $596,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Amazon.com during the 4th quarter valued at $2,729,000. Ferguson Wellman Capital Management Inc. increased its stake in Amazon.com by 1.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 595,067 shares of the e-commerce giant’s stock worth $130,552,000 after buying an additional 6,193 shares during the period. Finally, Elevate Capital Advisors LLC acquired a new position in Amazon.com in the 4th quarter worth $4,681,000. 72.20% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,649 shares of company stock valued at $23,871,905. Company insiders own 10.80% of the company’s stock.
Shares of AMZN stock opened at $199.25 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The stock has a fifty day moving average of $224.11 and a two-hundred day moving average of $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%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.
Several brokerages have recently weighed in on AMZN. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Oppenheimer increased their price target on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Scotiabank increased their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Finally, Moffett Nathanson raised their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.
Read 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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