Whitaker Myers Wealth Managers LTD. Sells 296 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
A number of other large investors have also recently modified their holdings of the stock. Tallon Kerry Patrick bought a new stake in Amazon.com during the fourth quarter worth about $800,000. Capital & Planning LLC boosted its stake in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after acquiring an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com during the fourth quarter worth about $301,650,000. Institutional investors own 72.20% of the company’s stock.
Shares of AMZN stock opened at $209.69 on Friday. The company has a 50 day simple moving average of $198.41 and a two-hundred day simple moving average of $209.25. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.23 trillion, a P/E ratio of 34.15, a P/E/G ratio of 1.59 and a beta of 1.33. 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Several equities research analysts recently commented on AMZN shares. Evercore ISI dropped their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Bank of America upped their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $245.53.
Read Our Latest Research Report on Amazon.com
In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last 90 days. 9.70% of the stock is owned by insiders.
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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