Seros Financial LLC Sells 1,368 Shares of Amazon.com, Inc. (NASDAQ:AMZN) - Defense World
Several other large investors also recently added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its position in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $12,014,000. Evergreen Capital Management LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. 72.20% of the stock is owned by institutional investors.
Several research analysts have issued reports on AMZN shares. Wall Street Zen lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target for the company in a report on Friday. Finally, Citizens Jmp lowered their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $245.81.
Check Out Our Latest Analysis on AMZN
Shares of AMZN stock opened at $223.30 on Friday. The business’s fifty day simple moving average is $202.26 and its 200-day simple moving average is $208.86. The company has a market cap of $2.37 trillion, a PE ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Company insiders own 9.70% of the company’s stock.
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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